There have been lots of earnings the past few days, and some other news as well. Now, if only ChatGPT was up to the task…I have to confess as enthused as I am about GenerativeAI, it sometimes can compose the most peculiar sentences. I actually had to try to explain to it the difference between…
Shift 4 reported its results this morning. The share price reaction has been relatively modest as those things go, although the shares, after wavering in the pre-market, are now up a few percent. In terms of revenue growth: the reported number was 23%. This number was constrained by a few hundred basis points because of…
I confess that waiting for DDOG’s earnings this morning was a bit nerve wracking-or more than a bit nerve wracking. 4 downgrades and a difficult environment for some software companies. The only way I could maintain my position was because of the weighting the portfolio had-7% before today. I was prepared to risk 2% to…
Thursday results were far less pleasant reading than Wednesday’s. I will leave others to comment on Apple. It is dealing with some macro headwinds and some company specific issues. Cloudflare’s earnings were OK; given its valuation, its forecast was less than might have been hoped. Fortinet remains a company in transition, and transitions are not very popular with tech investors these…
Earnings season is taking on a roseate glow. Many companies are reporting upsides, quite a few are raising their forecasts. I mentioned in a recent article that bearishness amongst hedge fund managers in terms of the net short proportion of their portfolios had reached epic levels. Hedge fund managers, in my experience, are notorious for…
Summary Bill has developed an industry leading financial operations software platform for SMBs. The company’s performance remains strong, attracting new users and improving margins. The stock market volatility and interest rate concerns have impacted Bill.com’s share price, but its long-term growth potential remains intact. The company has a significant generative AI capability that dramatically automates…
This has been a gut wrenching time for holders-including this writer-for holders of high growth IT shares. Investing is supposed to be somewhat logical: the results of the past week or so have defied logic. Ticker Target portfolios had some significant winners but overall most high growth IT shares have fallen victim to the risk-off…
Summary Monday, an Israeli domiciled company, has seen its shares decline significantly since the start of October, in part because of the war in Gaza. While the company at one time had an elevated valuation, the combination of rapid growth, coupled with a very sharp improvement in profitability, has brought valuation to below average. The…
Summary Veeva is one of the leading software providers to life sciences vertical. Recently growth has slowed, mainly a function of saturation in the company’s historic core of providing CRM solutions to the pharma industry. The company is in the process of moving its CRM solution to its own platform Vault, and this is likely…
Summary CyberArk is a leader in the privileged access management space, offering a comprehensive identity security platform. The company’s transition to a subscription model has masked the substantial go-to-market success best seen in the rapid growth of subscription ARR. The company has been adding products in adjacencies including what are known as ‘secrets’ securing the…