It was announced after the close on Wednesday, October 6th, that AppLovin would acquire the MoPub business from Twitter for s bit more than $1 billion in cash. At the end of the last quarter, the company had cash and cash equivalents of $1.2 billion and it generated a bit more than $90 million in cash in the last reported quarter. The company thus has adequate resources to fund the purchase, but despite that, I do expect it will enter into some kind of loan agreement, or sell additional securities, either debt or equity or some combination.

As subscribers are aware, I rarely make trading calls. Much of the time, what I think might be a trade, simply isn’t enough to move a name. But sometimes, I break my own rule based on the confirmation of a previously held bias. Recommending the shares of APP is one of those times.

As subscribers are aware, I rarely make trading calls. Much of the time, what I think might be a trade, simply isn’t enough to move a name. But sometimes, I break my own rule based on the confirmation of a previously held bias. Recommending the shares of APP is one of those times.

Saving the best till last-reviewing the earnings of Affirm (AFRM) and Zscaler (ZS) There is an old saying about saving the best to last and that seems to have been the case in terms of the earnings reported for company’s whose quarters were recently reported. The quarter Affirm just reported actually ended back in June,…

Summary Okta reported the results of its first quarter as an entity including AuthO for the first time a few days ago. The results of the quarter were extremely positive; the reaction of the shares was substantially less so. The company succeeded in exceeding all of the revenue metrics that are typically forecast, both on…