SummarySnowflake reported the results of its fiscal Q4 last week. The guidance, calling for 67% revenue growth, was judged to be disappointing and the shares have fallen by 27% since the earnings release. Unremarked, but of significance to any longer-term investor, is that the company’s free cash flow margin is rising at a rapid pace.…
Summary monday shares saw their valuation shredded in the wake of what was construed as disappointing guidance. The company’s guidance is typical of that of many companies these days: revenue growth is less than might be reasonably anticipated, while opex expense growth is elevated. monday is one of the leaders in the workflow management space.…
Last week was one of high drama in the market, with violent swings but which ended up with very modest changes, overall. Our high-growth portfolio gained 3.4% for the week, although its index value of 81 still shows the extent of the losses in a managed IT portfolio mainly consisting of high-growth companies. Our Income/Stability…
The market spent a totally schizoid week. It initially fell, with what are thought to be high-risk stocks taking the brunt of the selling. And then it turned. I was asked recently by a subscriber to compare this overall risk-off period to the crashes in 2001 and 2008. I was around for both of them.…
It can be difficult to write about earnings and forecasts when investors seem fixated on risks and geopolitical fears. While I can offer some kind of informed opinion on inflation and interest rates and economic trends, my crystal ball goes cloudy when I try to prognosticate about the future actions of a risk tolerant dictator. …
Tech stocks have been battered the last few months and more than a few commentators have suggested that they are road kill as investments-but the results thus far this quarter are suggesting that the rumors of their demise, at least in terms of their operational performance have been vastly exaggerated. All of the 3 companies…
Last week apparently marked the emergence of a new market paradigm. According to some colleagues who I have known for decades, the current thinking of aggressive hedge funds is to buy beaten down growth stocks and megacaps, while selling smaller more cyclical companies. The theory is that aggressive tightening by the Fed that was foreshadowed…
Summary Affirm reported the results of its fiscal Q2 last week. The results were exceptionally strong, particularly with regards to the growth of GMV, revenues and revenues less transaction costs. The company’s guidance was, once again, at levels that alarmed investors driving the shares down by about 38% in just 2 days. I think a…
Summary Dynatrace announced its fiscal Q3 results last week. The results were a beat on revenues and EPS and the company raised its guidance. The share price compressed as the result of controversy with regard to its growth of ARR. The growth of ARR, looked at carefully, was strong again, and adjusted properly exceeded 35%.…
I usually don’t offer much in the way of trading commentary about individual positions. I often misread the cause of moves and in these days of algorithmic trading and volatility, it doesn’t take much for stocks to show surprising upside spikes. In the last couple of trading days, GitLab, which I recently recommended, and Braze,…