Thoma Brava, one of the leading private equity firms announced an agreement to acquire Imperva, a 2nd tier cyber-security firm. The deal has a premium of 28% compared to last night’s close. The valuation is a moderate 5.4X EV/S when looking at the current consensus estimate for 2019-that in turn was only 11% growth from current…
It was announced after the close of the market on October 3, 2018 that Cloudera and Hortonworks will merge. While described as a merger of equals, in essence, Cloudera will wind up as the surviving company. The transaction is an all-stock deal, and each Hortonworks shareholder will receive 1.3 shares in the combined business. Hortonworks…
Summary Eventbrite is a recent IPO whose shares appreciated markedly upon its IPO. Basically, the company sells tickets to events with a smaller number of attendees. Organic growth-probably in the mid-twenty percent range is not spectacular. This is not a software company-it is a ticket vendor who uses some technology. The market for mid-size events…
We are selling our position in Veeva shares in our model portfolio at Friday’s closing price of $108.87 Our position was 201 shares which we acquired at a price of $58 about a year ago. The sale will net us about $21,900. We are not selling the shares because of any concern about the quarter.…
Survey Monkey and its competitors Qualtrics and Medallia Survey Monkey (SVMK) had its IPO earlier this week. The shares appreciated substantially, although they have started to pull back from the 44% gain achieved on the opening day move. Survey Monkey is a pretty well-known name, mainly because it has a business model based on attracting…
I usually do not like to try to do an analysis of companies on a pre-IPO basis, simply because there is no way of calculating any valuation ratios. Of course, that makes it easier to write a post-but quite a bit less useful for many readers. But I have gotten a number of requests from…
Many subscribers are probably tired of seeing another post on Nutanix in their inbox. On the other hand, I had the opportunity to speak with the Nutanix VP of IR, Tonya Chin this afternoon, and thought I would share some of her thoughts and comments. I will try to synthesize her commentary and fill in…
Summary Last week, Red Hat reported the results of its fiscal Q2. The results and the guidance, particularly on the top-line proved to be disappointed. The shares fell another 10% and they are down 20% from their recent high. The company’s bookings performance was better than its revenue performance. The issues that lead to poor…
In the last 2 weeks, after achieving an all-time high of $92, Square shares along with those of most other hyper-growth tech names have pulled back noticeably. In the case of Square, the pullback has been 8%, although the shares have well more than doubled on a year-to-date basis. Are Square shares “cheap?” Better said,…
As I write this, Nutanix shares are down by another 10% after falling more than 11% last week. The selling has been precipitated by a downgrade from the Susquehanna analyst, coupled with the filing of a registered secondary of 2.45 million shares by selling shareholders. I haven’t seen any details of the filing as yet…