Market ExpansionBusiness in China has actually risen, which should ease investors' concern about slower spending there.
Revenue OutlookThe company updated its 2024 revenue outlook to a higher range than previously guided.
Stock ValuationThe selling is overdone and the shares are currently at a bargain basement valuation, especially for a firm whose sales have been growing at a high 20% CAGR over the past four years and has reported strong shipments for this year.