Elastic reported results for its latest quarter after the close on Wednesday. The results were well received, and the shares rallied 11%. That still leaves the shares 13$ below the high that was set a few weeks ago. The quarter showed growth in revenues and margins at greater levels than the consensus. The bookings growth…
Fastly shares have been on a tear lately. The issue is almost entirely one of supply and demand. Today, the shares gave back a little of the huge move, based on a report from Piper Jaffrey. I would like to take credit for prescience-but sadly I cannot. The move, for the most part, relates to…
Nutanix, along with many other IT companies reported on Wednesday. The company’s financial can be a bit difficult to decipher-and not all analysts are getting it right. But Wednesday’s report seems to me to mark an initial point on a journey of recovery in the shares. The company’s operational position was never that dire as…
Anaplan announced its quarterly numbers Tuesday morning. Once again, the numbers were a strong beat. This is the company’s 3rd quarterly report since its IPO and its third beat and raise quarter. While the other quarterly reports were marked by share-price spikes, that is not the case this time around. As I write this at the…
Splunk reported a strong quarter, but the results were overshadowed by cashflow guidance that has lead to a number of downgrades, and to a significant share price reaction. The shares fell by about 12% in the wake of the cashflow issue, and they are down by about 19% since their recent high. This recent share…
Summary Pure achieved strong operating results in its fiscal Q2. The company guided down revenue growth, primarily because of commodity cost declines and in the interest of prudence. The company did not guide down EPS. Bookings growth, not a metric used by the company-showed growth of 33% and accelerated from Q1 growth. The company accelerated…
Summary Square shares fell noticeably after a quarterly earnings release that should have heartened investors. The company continues to grow at 45% +. Concerns about the 25% growth in GMV miss the point of the company’s “eco-system” strategy. The company is seeing triple digit growth in its “Cash” business segment, now 22% of total revenues…
As many readers already know, ZS shares were downgraded this morning by OTR, a research boutique that basically deals only with hedge funds of a certain minimum size. There are hedge funds that swear by their service, and other find it of limited use. The OTR paradigm is to survey channel partners and use that…
New Relic shares have seemingly become an old relic in the wake of the company’s most recent earnings release. We were fortunate to escape the debacle here, as much because of our desire to recommit capital to Elastic as for any other specific reason. I have gotten requests from several readers to review the quarter…
As we indicated last evening we have made changes in the high-growth portfolio as follows: We sold 1000 shares of Pivotal (PVTL) at the opening price this morning of $14.20. This raised $14,200 of cash. We bought 500 shares of Pure Storage-again at the opening price this morning of $13.17. This cost $6600. And we…