Summary Ring Central has announced its own video conference offering-called RingCentral Video. The video conferencing business is one of those whose prospects have blossomed in this era of the Covid-19 virus and shares of the industry leader, Zoom sell at extraordinary valuations. Ring is the leader in the UCaaS space and its leadership has been…
Occasionally in this very volatile time, some stocks in our portfolio spike, and reach valuations not completely based on fundamentals. So it seems to us has been the recent stock price history of DocuSign. Since the company reported earnings on 3/12, the shares have spiked 40%. There is a lot to like about DocuSign and…
March will probably rank as the worst month ever for equity investors, but the last week or so has seen a modest recovery. There appears to be some better news from the war against the Covid-19 virus. The Boston Globe is carrying a story today that new cases in Mass. will peak on about April…
Summary Square held a virtual analyst meeting on March 24. The company discussed some favorable operating trends that it had experienced in the first two months of the year. It presented revised guidance for the first quarter given the impact of the virus on the overall economy. The company had enjoyed a very substantial upside…
It is Monday morning, the start of the 4th week since the world turned upside down. Stocks are down 2%-3% after yo-yoing up and down overnight. The issue today, so it is said, is the partisan bickering about the stimulus bill. Either it will be resolved in 24 hours or there will be drama and angst.…
Summary Crowdstrike’s numbers, both at the headline and sub headline levels, beat prior estimates by substantial amounts. The revenue growth was 89% and the growth in ARR was 92% both year on year. The unit economics were very strong, and overall the operating loss margin fell by more than 3200 bps. The company’s CEO said…
As we indicated in a prior post, we have taken advantage in the valuation spike in the shares of CTXS to sell our position. We had 145 shares of Citrix that we had acquired in October 2018 at $103. We were able to sell the shares during the spike on Thursday at $131-not perhaps the…
Prefatory Comment: The editors of SA asked me to write a piece for them on my best recommendations in my space for when the recovery comes. I doubt that it really came today-the volatility is still far too high. Please do not think that the 6 names you see here are my only recommendations. But I…
For those readers of a certain age and nationality, the title of this post may resonate. There was a show called “Annie” that was premiered on Broadway in 1977-it subsequently was made into a movie. If you saw the show, the song that will have stayed with you is “Tomorrow.” And writing to subscribers on…
Summary Even on a relative basis, Slack’s latest earnings report was poorly received. In fact, results were quite strong for the quarter being reported, with revenues, earnings and cash flow well above prior expectations. The company reduced guidance because of the likely impact of the economic turmoil the Covid-19 virus is creating. The company has…