As of today, our model portfolio sold its position in Hortonworks and replaced it with an investment of like size in CommVault. We are simply not able to handicap what it is that HDP management is going to say when it reports earnings next month and discretion is the better part of valor. We simply…
Oracle announced earlier today that it would be hiring 1000 new sales staff across EMEA between now and the end of the calendar year. That is a relatively significant increase in just a single category in a few months’ time. It has been many years since Oracle has aggressively hired new sales personnel, in EMEA…
Earlier this afternoon, Hortonworks announced that it had basically dismissed its latest head of sales and had appointed a new man from HPE, Alan Fudge to a new position, that of chief revenue officer. While the company announced that GAAP revenues had actually beater the current level of expectations for the quarter, most observers, including…
IBM announced the results of its fiscal second quarter earlier today. The results were yet another disappointment, and in some ways this disappointment was worse than any previous earnings release. The problem for most is going to be the collapse of growth in strategic initiatives to just 7% in constant currency. Strategic initiatives are supposed…
Square shares reached an all-time high today, up another 6% and they have appreciated by 12% in the last month. The shares have continued their climb in after-hours trading. The action today was primarily a result of an analyst at a brokerage, Loop Capital Markets suggesting that PayPal ought to buy Square. The analyst suggested…
A couple of weeks ago we sent out a post to subscribers recommending that they initiate a position in Nutanix shares in front of the quarterly report. The report was a strong one with both revenues and EPS running ahead of expectations. In addition, the company significantly increased its Q4 (ends 7/31) forecast for revenues.…
The security space has been one of the more difficult areas in which to invest thus far in 2017. It seems clear that the percentage growth rate in spending on IT security has diminished. While PANW’s quarter was encouraging relative to prior expectations, the company’s sales performance has declined significantly over the course of the…
Reuters reported earlier today that Gigamon is ready to hold talks with interested buyers. The shares appreciated 9% on the news and now stand at a bit less than $43. We have held Gigamon shares in our portfolio for the past several weeks, after the shares crashed in the wake of the 2nd of two…
Nutanix is going to release the results of its fiscal Q3 which ended on April 30th this coming Thursday after the market closes. We are going to add a position to our high-growth portfolio ahead of earnings based on the closing price this past Friday. Last quarter, the shares plunged 16% in the wake of…
As of Wednesday evening, we sold our Shopify position in the portfolio at a price of about $94/share. It has been a great ride and this is a great company, but like everything else, even great companies need to be valued rationally. The company’s shares have risen by almost 1/3rd in the last month and…