Summary Cloudflare is a company whose corporate mission is to make the internet a better place for its customers. It offers an edge computing service, a dev ops platform, a variety of security solutions and a work from home capability. The company reported a particularly strong quarter in February;it has yet to adjust expectations for…
I really do not like writing about macro trends-but obviously the overarching concern of subscribers this morning relates to the closure of the market and the over panic that has engulfed equity investors. I have some advantage over some subscribers-I have been investing for a very long time, and I have seen other crises and…
I realize that I must sound like a broken record to some subscribers. The market is down, it is volatile and it isn’t paying attention to any kind of rational analysis. I started writing this on a Wednesday morning and stocks were up. But they have been up as well pre-market, or during the day,…
Summary Anaplan’s Q4 was a beat and raise on a headline basis. The company did not make consensus billings targets, and billings growth fell from 59% to 25% sequentially. The shares fell noticeably losing 24% of their value the day after the earnings release. Overall, valuation has fallen to a very reasonable 10X EV/S on…
Friday marked a further down leg in the market decline that began a bit more than a week ago. Overall, the decline has reached 11.5% as measured by the S&P average. Again, the issue was the potential spread and impact of the Covid-19 virus. The IGV index has fallen a comparable amount over the same…
The first part of this post will focus on Nutanix, and then I will proceed subsequently to Elastic and Square. As subscribers are aware, all of these names are in our high growth portfolio. As I write this commentary on Wednesday evening, Nutanix shares, after losing 6% in the regular session have lost another 17%…
Palo Alto kicked off a week that will a see a number of high-profile earnings reported. Its results were not a good way to kick off a week. By now, most investors will know that the company missed its revenue expectations by about 3.5%. The miss was primarily centered on an absolute decline of about…
Today was a panic/risk-off day for stocks. The real places to hide were in gold or in fixed income type names. The news regarding Covid-19 is almost certainly going to get worse before it gets better in the sense that there will disease clusters in different countries which will spook some investors. And yet…regardless of…
The Dow is down more than 800 points at this writing ( 2.9%) and the IGV is down almost (3.3%). The losses are part of a 3 day panic related to the potential spread of the Corvid-19 virus to other countries without the ability to identify an index victim. There are clusters of new cases…
I prefer to take a little bit of time before rushing into print with some kind of analysis of a quarterly earnings report. I like to read transcripts of conference calls, as well as listen to the calls, as it is almost inevitable that I miss nuances or data nuggets or both. But it takes…