Wedbush analyst Daniel Ives downgraded the shares of Alteryx this morning. At this writing the shares are down about 4.5%. According to the analyst, the downgrade is based on valuation-he cites the company’s very high EV/S ratio. Alteryx does indeed have a very high EV/S ratio-a bit greater than 13X based on my growth rate…
As noted, I can’t review all of the earnings that are being reported by enterprise software companies in just a few weeks. So, I tend to pick and choose the earnings reports that are of specific interest for one reason or the other. The two I have chosen to focus on today are the reports…
Software earnings continue to pour in at a rapid clip. While I am not going to attempt to put together specific statistics, it seems obvious that demand growth has continued at strong levels and that the outlook being provided is more of the same. This morning, Cognizant (CTSH) announced a small beat while Dassault Systemie,…
Summary Microsoft reported its results for the December quarter last week-basically the results on a headline basis were no better than in-line and were received with a shrug. Microsoft shares have been in a relatively long period of consolidation and have under-performed the software index for a year. Microsoft guidance was consistent with prior expectations,…
Ultimate Software (ULTI) Ultimate Software is getting taken private by a private equity group led by Hellman & Friedman. Ultimate has been around for quite some time-its IPO dates back to 1998. The company provides cloud solutions in the HCM space. Its list of competitors is obviously one of the longest in enterprise software. All…
I am trying to provide brief commentary about companies that may be of interest to subscribers-but I realize there are many other names of interest to some on which I have not commented. Eventually, I will get to them. Thematically, Q4 results that have been reported by IT vendors are very strong. Not across the…
Change in the High-Growth Portfolio-Trim some Twilio, Add some Square The overall market has shown very little change this morning, but one of our portfolio names, Twilio, has made a new all-time high and it is up about $8 or just shy of $8%. With that jump, the shares have once again, become a higher…
AYX Raymond James analyst Michael Turits downgraded shares of Alteryx today. The downgrade was based on valuation. The analyst said that the shares were within 5% of their all-time high-they were-and had become one of the most highly valued name in his coverage universe. Is Alteryx highly valued? Should readers take profits? My advice tends…
This post addresses Aspen and PTC. It also addresses some commentary about the Dropbox acquisition of HelloSign and some further thoughts about ANET shares. Aspen (AZPN) What to do with the shares of Aspen Tech. It is a company whose shares I would like to recommend, and it has many attractive elements in terms of…
The December quarter is shaping up as another period of growth above expectations for most enterprise IT vendors. Brief Reviews of quarters that were announce by the following companies: Citrix (CTXS), Alteryx (AYX) Aspen (AZPN), PTC (PTC), and F5 (FFIV). For convenience in reading, I have divided the post in two, with the first post…