This is a painful recap to write, especially in the context of so many other blowups in the last several weeks. I am not the bringer of fair tidings, and I won’t attempt to make excuses, either as an analyst or for the miscues of Cloudera that have brought the shares to their current valuation.…
Yesterday, several companies reported their results in the IT space including Pivotal, not a constituent in our high-growth portfolio but a name on which we have written favorably, and Guidewire and Salesforce, neither of them currently held or recommended. All of the companies beat their expectations for the quarter in terms of both revenues and…
Most investors, including this writer tend not to be terribly patient. The other day, I talked to a client about a c0ompany and suggested that patience was going to be required. He told me that he had held his position in a particular name for 5 months and that I should therefore conclude that he…
Nutanix reported numbers this afternoon-revenue numbers and guidance were considered weak-and some subscribers have gone beyond that in their description. As I write this the shares are down by 17%. I have been defending Nutanix as a company for some time now-and to some extent, it has been a bootless exercise. I am going to…
Tuesday, both Anaplan and Workday reported their quarterly results. I will review some of the salient details below, but at a high level, its fair to say that both companies reported what might best be termed blow-out quarters. Both companies provided strong outlooks within the context of prudence, and both companies, suggested that the business…
I imagine that most readers who are invested in Nutanix have seen that it was downgraded this morning by Katie Huberty, the analyst at Morgan Stanley. Nutanix is going to report its results for the quarter that ended the end of April on Thursday, May 30th after the close. The shares have been under pressure since…
Summary Late Last week Splunk announced its fiscal Q1 results. The results, for the most part, were very strong and showed accelerating growth in software revenues as well as a strong margin performance. The company continues to dominate its Log Analysis space with multiple offerings in multiple use cases and strong acceptance as a security…
NetApp’s results-pretty dismal on balance NetApp reported the results of its fiscal Q4 Wednesday evening. The results were a miss-I might have thought the miss was well telegraphed with numerous brokerages out with expectations for results below guidance. Indeed the shares had fallen by 13% since the middle of April until today-presumably on concern that…
The purpose of my blog is to provide long-term investment advice regarding tech names-primarily in software and in storage. I have some background in the subject-and tons of scars on various parts of my body and wallet to testify to my longevity. That is prefatory to writing a commentary about the downgrade of Cloudera by…
Summary Slack has announced plans to enter the public market on June 20th. The company positions itself as the replacement for corporate e-mail and has seen spectacular growth since it entered the market 5 years ago. The company, hardly surprisingly, loses money and is still burning cash. The company has captured the pole position in…