As I write this, Nutanix shares are up by almost 5%. The shares are up 25% since they made a low 10 days ago. Of course, that leaves them 28% below where they were at the end of August. There is a rumor circulating today that Nutanix is going to be bought or is negotiating…
This morning, the Needham analyst raised his rating and his price target to a street high $31/share. Readers should be aware that HDP, which is merging with Cloudera, is going to report results on 11/8. The Needham analyst has been in his post for some time now. It would be incredible if he did not…
I had to put a comment on the Arista quarter into its own container. I will take a small bow in having recommended the shares 2 weeks ago-but of course I recommended them several times before that as well. I did suggest in early October that subscribers might consider building a “fine romance” with ANET…
OpenText reported yet another disappointing quarter. Revenue was about 4% shy of prior consensus expectations. The composition of those revenues was also disappointing. Cloud revenue growth was just 7%. The company only closed 14 deals greater than $1 million and none of those might be described as blockbusters. These are very disappointing metrics. OpenText remains…
Summary Last week Amazon reported its results. Results were considered mixed in that while earnings far exceeded expectations revenues were slightly short of the prior First Call consensus. The company’s guidance-which provided a very broad range of revenue growth and operating margin expectations was considered to be below the consensus. There are absolutely no signs…
Impinj Impinj reported its results last evening. The shares have seen a relatively significant negative reaction so far-although they have fallen about 11% as I write this-a more or less typical reaction to earnings in this fraught season. The results were a beat-even compared to the upside pre-announcement release. The guidance was more or less…
It was announced earlier today that IBM was acquiring Red Hat for $190/share, a premium of no less than 62% from Friday’s close. This is probably the most significant transaction of 2018 in the enterprise IT space. To say that the premium is extraordinary is an understatement-62% premium’s, in general, are extraordinary but given the…
As I write this, Shopify shares, after a strong rebound Thursday are under pressure this morning. The pressure stems from the market reaction to the results and forecast of Amazon results and forecast. Correlations from quant funds have an outsize influence in market action and are certainly in the ascendency. Evaluation of operational performance is…
Wednesday afternoon was marked by a host of enterprise software companies announcing their results. Included in this afternoon’s group were Aspen Tech (AZPN), Citrix (CTXS), PTC (PTC), ServiceNow (NOW), Pluralsight (PS) and of course Microsoft (MSFT). Of these 6 companies, 5 reported very strong quarters and most of them raised guidance, in some instances by…
SolarWinds There are lots of earnings out today-almost all of them of the Beat and Raise variety. The one prominent exception is PTC. Most prominent were the earnings of Microsoft and Service Now. I will be back with a post with a bit of substance to fill in the white spaces. Obviously, the market is…