Summary Datadog shares fell after the company’s earnings release and reduced guidance, but the author believes this was a misunderstanding of the company’s actual business and outlook.The company reported strong Q2 bookings that were actually at record levels for the period, and actual revenue growth remains greater than competitors.The author believes that despite the lower…
The market had wavered the first two days of the week with an absence of any real market moving data…until the downgrade of US debt by the Fitch rating agency. Economic macros so far are suggesting that declines in employment may be near at hand, while manufacturing activity is bouncing along the bottom. On the…
Summary Tenable is a leader in the vulnerability management space, a key component of enterprise security.The company reported strong Q2 results, beating revenue and earnings estimates and increasing guidance for the current quarter and 2023.Tenable’s Tenable One platform, which offers a holistic vulnerability solution, is gaining traction and represents a significant growth opportunity.Tenable’s Operational Security…
Summary Axon, a company that provides solutions to the public safety sector, is experiencing significant growth due to high demand for its products and a successful subscription/recurring revenue model.Despite a recent share price drop due to poorly received guidance, the company’s estimated revenues over the next four quarters are predicted to be $1.7 billion, with…
We have made some changes today in the high-growth portfolio. It is not my intention to provide suggestions in the high growth portfolio on a trading basis. I get those things wrong many, many times. There are companies that I should have placed into the high growth portfolio, but haven’t and vice versa. On the…
Summary Perion, an adtech company, has been accused of fraudulent practices by Spruce Point, but the allegations are largely unfounded, according to the author.Despite a slowdown in advertising spend, Perion has seen demand re-acceleration in its latest quarter and its shares have risen by 90% over the past year.The company’s valuation remains modest, and it…
Microsoft announced what it calls Entra SASE, a solution that is designed to compete with modern security offerings from Zscaler, Palo Alto and Cloudflare. The announcement includes two specific solutions: Entra Internet Access, which is a secure web gateway for SaaS apps and internet traffic as well as Entra Private Access. Internet Access will be…
We added 695 shares of Perion (PERI) to the high-growth model portfolio this morning at a price of $35.57. This cost $24, 730 and has taken our margin balance to $216,404, or about 28%at the value of the positions. Yesterday, we sold the remainder of our position in Trade Desk and I wanted to maintain…
First, let me apologize or explain to subscribers. I did not start this day anticipating making any change in the portfolio. But Trade Desk shares took off during the course of the day-they have risen by more than 9%. There was no news to account for this spike-not on Bloomberg, not on Briefing, or SA.…
This morning, we are making some changes in the high growth portfolio. We have sold 70 shares of the Trade Desk at $75.71/share. The proceeds of this sale were $5290 and we retain a position of 150 shares of TTD which represents a weighting of 2.7%. We have bought 100 shares of Monday.com at $160.09.…