Summary Shopify reported a quarter that was significantly above prior expectations and provided upside guidance as well.It has substantially reprioritized its corporate strategy, abandoning its quest to match Amazon logistics, and focusing on cutting edge e-commerce technology.Notionally, Shopify’s valuation after its share price hike is not cheap.To support the investment case, market share gains, mainly…
I have gotten several questions from subscribers who have been long-suffering holders of Upstart. The questions have been basically, do we get out now after this share price spike, or do we continue to hold. At this point, the shares have backed down a little since the opening and are trading up 30%. That said,…
Summary Alteryx recently released the results of its Q1 and provided guidance for the next quarter and the balance of 2023.The shares have imploded since then, losing 30% of their value.The company’s Q1 was in-line in terms of revenues and bookings, and a significant beat in terms of earnings and free cash flow.The company provided…
Summary MongoDB is the dominant competitor in the market for NoSQL databases.Its revenue growth is currently being constrained by macro headwinds impacting a usage based pricing model.The company, despite an earnings report that was better than feared, has reduced its revenue growth estimates for the current year to the high teens percent.The company, while not…
Summary Confluent is a leader in providing commercial grade solutions based on the Kafka open source project.Basically Kafka is a foundation technology for what is called stream processing.It is stream processing that allows for the development of digital transformation applications that allow for positive user experiences.Confluent is not immune to macro headwinds, and its forecast…
Ticker Target is not a trading service. Many of these exist and write sensational, perhaps breathless commentary about how their service or picks are going to make subscribers 10X or 5X their investment in a week or a month. I do not do that, never have, never will and find it an unfortunate part of…
Summary Unity shares are down 85% from their peak and haven’t recovered this year.The culprits were previous excessive valuation coupled with a disappointing forecast for organic revenue growth.There is some suggestion in the context of the forecast that the macro headwinds have reached their apogee.The company’s sales synergy opportunities are little valued by many at…
Summary Ui Path is a leader in the Robotic Process Automation space.Its latest quarterly report was far above prior expectations in terms of revenue, non-GAAP profitability and free cash flow generation.Its projections for the coming year reflect conservatism given the significant macro headwinds.The company’s recently held AI Summit showcased the company’s strategy of combining RPA…
Summary HashiCorp has seen rapid growth in its 10 years of existence.Its products, which are quite varied, all are designed to make its easier for users/developers to create and deploy web based applications.Its focus, thus far, has been on products that provide privileged access management and products that help users optimize their web deployment activities.Because…
Summary Zscaler shares fell sharply in the wake of a recent quarterly report that featured a noticeable deceleration in billings growth.The company did actually beat revenue and earnings metrics for the quarter, and raised its forecast for those categories for the balance of the fiscal year.Concerns that legacy vendors in the cyber-security space are encroaching…