We are reweighting two positions in the high-growth portfolio. We are selling half of our NetApp position at Friday’s closing price of $86.85. The sale of 112 shares will raise a total of $9730. We are buying 210 shares of Nutanix at Friday’s closing price of $46.45 for a cost of $9755. This will reduce…
Earlier today, Splunk sold a bit more than $2 billion of convertible debt in two tranches, one of which has a maturity in 2023 and the other a maturity in 2025. The debt carries coupon rates of 0.5% and 1.25% respectively and will wind up costing the company interest payments of about $17 million/year. That interest cost is about 8% of the current…
Nutanix shares fell noticeably on Monday losing 11.5% of their value. That was quite a bit worse than other storage vendors or other hyper-growth companies. The cause, at least so far as one can determine if the story in an industry source called the Information to the effect that Google was going to offer its own bundle…
Many subscribers have felt some pain today based on the near-implosion of Pivotal shares. The shares have ended the day down about 20% and that is a lot of pain. I will cut to the chase. Pivotal did not lay an egg, it did not miss its revenue expectations last quarter and it is not…
Guidewire Guidewire shares are at an elevated valuation and yet Guidewire’s performance seems to be even more elevated. The company’s shares have blasted off since the latest earnings release and they are essentially at a new all-time high. It can be difficult to value the shares of the company as its guidance clearly does not…
This evening, in the wake of a strong quarterly report, DocuSign announced 2 separate transactions. In one transaction, the company announced that the underwriters were offering an additional 8 million shares of stock by selling stockholders, with an additional 1.2 million shares available for sale as part of the transaction. The shares are being sold…
Summary Hortonworks has apparently reached a positive inflection point in terms of growth. Losses are diminishing, but are still quite substantial. The company is no longer burning cash, but cash generation is so far quite modest. The company continues to expand its product footprint and to create a compelling set of use cases for enterprises…
Nutanix This afternoon, after the close, Nutanix announced-again-that it had closed the largest deal in its history with a DoD customer for more than $20 million. The deal was one of 46 transactions that of greater than $1 million that closed during the company’s Q4. Nutanix, during the course of the call, indicated that it…
The lock-up of Zscaler’s expiration is scheduled for 9/24- 2 weeks from tomorrow. It was delayed because of the recent earnings release. I think most people involved with Zscaler shares are aware of the expiration. Obviously, the expiration is going to release a fair amount of shares for sale and it is certainly true lock-up…
As I mentioned yesterday, this is a multi-day stretch of multiple earnings releases. I will get to most of them over time-a couple in each post. But if any subscriber wants a quick response on a particular earnings release, I am happy to oblige. Simply send a query and I will respond about the earnings…