Nutanix announced some rather dramatic corporate developments on the afternoon of August 27th. The company announced that its CEO, Dheeraj Pandey has elected to retire; the company announced that it has secured an investment from Bain Capital of $750 million ; and the company announced a material upside to results, both in terms of revenue…
Summary Teladoc has announced plans to acquire Livongo creating the largest business in the teleheath space. Merger terms seem fair to me-although there has been some disgruntlement on the part of investors in both companies. On a pro-forma basis, the new company will start life with about 138 million outstanding shares and with a small…
Summary Fastly reported the results of its Q2 last week. The results were a major upside in terms of both revenues and earnings. The company’s guidance was an upside as well. Fastly is one of the leaders in Edge Computing, an important paradigm which is expected to enjoy a CAGR of near 40% for the…
As many readers are aware, we commented about TDOC which announced its merger/acquisition with Livongo on August 5th. We reviewed the economics of the transaction, at least at a high level, and found it was a transaction that ought to work, given the synergies available, both in terms of costs, and revenue. We also commented…
As we foreshadowed in the portfolio commentary just distributed, we have bought 200 shares of Datadog at $73.99 for a total cost of $14,798. The case for buying more shares was articulated in our most recent weekly portfolio commentary. The new purchase takes our holding in DDOG to 570 shares, which is now about a…
Summary Last week Atlassian announced results for its latest fiscal year that ended 6/30. The results unsurprisingly were another in a lengthy string of noticeable beats. Guidance was provided just for Q1 and it was essentially in line with prior estimates; full year guidance was not provided due to the lack of visibility. The company,…
I have gotten many requests for comments about the announced acquisition of Livongo (LVGO) by Teladoc (TDOC). I usually like to do a bit more of a deep dive, but I have been asked if I would comment sooner rather than later and provide advice to subscribers. I am always responsive to those kinds of…
The flood of earnings for the spring quarter is now underway and will soon reach spate. The first results are coming in at exceptionally strong levels, regardless of how the economy may currently be tracking. Some of that strength relates to the uncertain, and modest guidance that was generally provided last spring before the economy…
We have made the above changes in the portfolio at or just shortly after the market opening this morning, July 31, 2020, and they will appear in the model high-growth portfolio that we present this week. We sold the balance of the Fastly position after the shares spiked about 20% this past week. There was…
Summary IBM has been one of the poorest performing enterprise IT companies for years now. This was the first quarter in which new CEO, Arvind Krishna was the company CEO. The company announced what can best be described as a mixed quarter with plenty of winds-both head and tail to consider. Not terribly surprisingly the…