Summary Adobe reported a quarter with very typical results-better EPS, better revenue growth and a strong outlook. The shares have been pummeled, down a bit more than 7% since the earnings release. Guidance was perhaps misunderstood and mis-appreciated. The company is projecting reported non-GAAP EPS of less than the prior consensus. The company has a…
Pivotal-Back from growth rate purgatory! Pivotal reported the results of its fiscal Q3 results earlier this week. The results were a beat and raise quarter but something happened on the way to a happy denouement for the share price. Depending on one’s point of view, that is either a frustration or an opportunity. I do…
We are making a change in our high-growth portfolio effective at market close on 12/13. We are selling our position in Ubiquiti-228 shares at this evening’s closing price of $110.46. That will raise cash of about $25,200. We bought Ubiquiti shares a bit more than a year ago at a price of $63 so we…
Some thoughts about its guidance Guidewire reported the results of its first fiscal quarter about 1 week ago. The results themselves were stunning with huge overages in terms of revenues and earnings. The guidance-well it was stunning too, although not in a positive way. The new guidance implies that revenue growth this year will be…
Summary Anaplan is a recent IPO and it reported its first quarter as a public entity last month. The company is the leading vendor in a business segment called Cloud Financial Planning and Analysis. The company, while not profitable, is growing at around 40%/year and it should be able to continue that cadence for some…
Cloudera reported its results the other day. In a few words, the results were far better than feared. The outlook was a bit better than had been anticipated, and the tenor of the call was decidedly upbeat. The company went out of its way to talk about one investor concern: the commentary from Talend on…
Before I embark on a couple of rather brief commentaries on two names that I have recommended to subscribers over the past few months, pardon me if I take a few lines to suggest some thoughts-about Tuesday’s bloodletting, today’s reversal and the yawing disconnect between reality and the share price performance of tech shares. Tech…
We had mentioned in previous posts that our position in Twilio had reached a level that was inconsistent with good portfolio management policies. While the main mandate of the portfolio is to maximize returns, it also has a mandate of prudent management, the same as any other investment fund might have. As of today, after…
In the last few days since Thanksgiving there has been a mini-earnings season. IT vendors that have reported include Salesforce, Nutanix, Splunk, Palo Alto, Veeva, Box, VMware, Plan, Yext and Zuora. I can’t really write in any great depth on all of these names in a timely fashion. I have written about Nutanix and its…
Nutanix reported the results of its 2nd fiscal quarter last evening. This time around, the results have been more positively received than was the case last quarter. From an operational point of view, the quarter featured metrics that were similar to those reported for Q1. The major difference was in terms of operating losses which were…