Anaplan’s (PLAN) share price has slumped despite the company reporting better-than-expected quarterly sales. Concerns over the company’s sluggish growth in billings overshadowed the positivity related to its top-line growth. So, given the company’s lofty valuation, is it worth buying the dip in PLAN? Our opinion is San Francisco-based Anaplan , Inc. (NYSE) is a cloud-based, connected planning platform that connects people and organizations. PLAN’s shares dropped nearly 20% in value on November 24, despite reporting higher-than-expected quarterly results. PLAN’s price has fallen by 34.1% over the last month, and 22.8% in the past five trading days. It closed its previous trading session at $43.12. The stock trades below its 200-day and 50-day moving averages, and close to its 52-week lowest of 40.13.

For its fiscal third quarter, ended October 31, PLAN’s revenues increased 35.2% year-over-year to $155.35 million, topping consensus estimates by 6.2%. PLAN also increased its fiscal year revenue guidance. It now anticipates that its total revenue will be between $583.5 and $584.5 Million. However, the main reason for the share-price decline is the company’s heavy losses. The company’s non-GAAP net loss was $7.31million, and its non-GAAP per-share loss was $0.05. Moreover, investors are concerned about PLAN’s sluggish growth in billings.

PLAN invests in technological advancements to increase its competitive advantage. It recently introduced its next-generation Anaplan Polaris™ Calculation Engine to help businesses model, analyze, and solve the global complexities impacting their performance and operations more effectively. PLAN (NASDAQ:) Web Services, Inc. (AWS), have teamed up to bring together market-leading innovation and powerful planning intelligence, and provide innovative and robust solutions for the market. These strategic plays should support PLAN’s long-term growth.

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