Pure Storage and it Meta relationship; Pagaya’s secondary; A review of the SentinelOne quarter and its outlook Pure Storage. Since making a high of $57/share soon after its earnings report, Pure shares have fallen about 12%. While some of the decline could be linked to profit taking, much of it is really a function of…
Summary Zscaler shares have fallen due to concerns about slowing growth and potential margin pressures. However, the company’s earnings presentation and guidance were misread, and it remains a significant share gainer in the zero trust/SASE space. Demand for cybersecurity solutions continues to grow, and Zscaler is well-positioned to benefit from this trend. Zscaler has unveiled…
The last few weeks have not been fun times for investors in the cybersecurity space. Subsequent to Palo Alto’s earning report and guidedown, the cyber security space has seen an ugly trading pattern. That ugly pattern was reinforced by the recent results of Zscaler, despite a rather irrational take on that earnings report. And then…
Summary AppLovin’s software business has inflected to much higher growth levels. The inflection is being driven by the company’s use of AI as part of its Axon and the company’s AppDiscovery offering. The company is likely gaining significant share from Unity which is struggling with its software products as well as recent unforced business errors.…
Adding 400 shares of Global-e to position This morning, we added another 400 shares of Global-e to our current position, bringing our holding to 1600 shares. We paid $$32.29 for the shares, which cost about $12,925. This brings our margin balance to $236,855. The margin balance is now about 24% of the value of the…
At the close Friday afternoon, we made 2 purchases. We added 65 shares to our Zscaler position. That brings our holding of Zscaler to 350 shares, which is a weight of about 7.6%, Earlier on Friday we composed a review of the Zscaler quarter and what we thought was going on with the stock. The…
Zscaler Zscaler reported its results last evening. By most standards the results were everything that most investors look for in a hyper growth company. Revenues, billings, bookings, earnings and free cash flow margin were all beats. The company really only forecasts revenues and EPS on a quarterly basis; it raised its expectations for those metrics.…
Snowflake shares are down by about 20% as we write this on Thursday morning. The share price implosion is based on product revenue guidance of 22%; prior expectations had been for revenue growth of more than 30%. Offsetting this guidance to some degree was an entirely unexpected growth of 41% in bookings compared to the…
Shift4 reported the results of its Q4-2023 earnings this morning. The headline numbers-and really other KPIs were a miss. Most companies that report misses see their shares eviscerated. That isn’t happening with Shift4. Why? The headline numbers vs. guidance are presented below: ForecastActual% below forecastGross merchandise volume $32-$33 bil. $32.1 bil.2.4%Revenue as reported$750 mil. $705 mil. 6.4%Revenue less transaction…
Global-E: Once again presenting a very conservative forecast As an analyst and investor, I want to see my recommendations/portfolio companies forecast conservatively. Sometimes however, companies can take things to extremes. Such, I believe, is the saga of Global-e and its forecasts. The quarter that the company reported was a beat in all guided metrics. It…