Summary IBM’s earnings release last week was well received and the shares have further appreciated after a strong YTD performance. IBM once again missed its revenue targets. IBM has provided a minimum of guidance with the expectation of fleshing out expectations on 8/2 when it discusses its post Red Hat future. A careful inspection of…
We have owned a position in Trade Desk shares in our high-growth portfolio for a bit more than 7 months. The commitment has been a profitable one, and the shares are up 73% since we entered the name. As of last week, the shares were a 10% position in the portfolio. This morning, a long-time…
Cloudera For just a day, Cloudera shares responded positively to positive news. The company announced what is almost certainly a multi-million dollar order form Mizuho Americas. I am not too sure when the order was actually committed-although the press release talks about implementation and the solution was developed in conjunction with a leading technology research…
Symantec Symantec shares closed down about 10% on Monday after initially trading down 17%. Rumors have swirled with regard to the negotiations between Symantec and Broadcom regarding the latter’s attempt to buy the former. Information has been that Symantec has a minimum price in mind of $28/share and that Broadcom, after some additional due diligence,…
I am often asked about the possible future for some of the broken stocks that I have recommended to subscribers-and which I own personally and which are part of the high-growth portfolio. Sadly, in the last several months, some of my picks have been disappointing to say the least. And, in turn, that has lead…
A few weeks ago I wrote a post about Nutanix. The post proved to be more controversial than many others. At the end of the day, several commentators, particularly on SA, who had apparently lost money on the name, basically suggested that management was incompetent and that I was irresponsible for paying attention to their…
We have recommended Pure Storage for some time now and recently added it to our high-growth portfolio in the wake of the company’s latest share price disaster. While the company has shown reasonable growth, the share price has basically not correlated to the company’s operational performance. So far in 2019 the shares are down a…
Even though it is mid-summer life goes on. There have been some developments of interest amongst our portfolio holdings and other recommendations. This a brief compendium of some of the news from today, July 9, 2019 as it affected the IT space. Twilio (TWLO) Yesterday Twilio announced a new customer acquisition. The company, in conjunction…
Medallia (MDLA) Medallia has announced the pricing of its IPO today, and at the top of the contemplated range, the enterprise value is about $2.2 billion. Medallia’s most recent reported quarter, which shows results through 4/30, had revenues increasing by 33% to $93 million. As noted in my article on Medallia, that results indicated significant…
Summary Smartsheets is another hyper-growth company with a hyper-valuation to match. It is a company whose products facilitate workgroup collaboration and automated workflows. Many people consider it to be an updated/upgraded Excel. It really offers specific capabilities in terms of ease of use and collaboration that are not available in Excel. The company has been…