Xero: Tech Stock with Limited US Exposure

Another technology company getting caught up in the recent market sell-off is Xero, an ASX-listed software company with limited U.S. exposure and a resilient business model. Xero is a small business accounting platform that has slowly expanded its offering to a wider business platform, with over 4.2 million global subscribers from Australia, U.K, the U.S. and over 180 countries worldwide.

Xero shares traded as high as $182 in February but have fallen in the last month to trade around $145 today. Here’s a quick bull and bear case for Xero:

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