Although I'm no longer a big fan of the term because of its misuse, I genuinely believe that the market can overreact to less-than-desirable news. Case in point is Braze Inc (NASDAQ:BRZE). In early June, the cloud-based customer engagement platform released its first-quarter fiscal 2026 earnings report. Though the company delivered the goods, investors didn't care for the details. As such, BRZE stock succumbed to significant volatility — leading to a potential discount for options traders.
First, let's go over the numbers and the fundamental (though I believe flawed) reason for bullishness. On the bottom line, Braze posted earnings per share of 7 cents, beating Wall Street analysts' consensus view of 5 cents. This was also a big improvement over the year-ago quarter's loss of 5 cents per share.
