Summary New Relic is considered as one of the leading competitors in the space known as Application Performance Monitoring. This space appears to finally be coming into its own with recent commentary from industry analysts that suggest deployment can quadruple in the next 4 years. New Relic, based on an expanding product portfolio, achieved one…
Yes, that is a bit of hyperbole but not all that much. On Friday, a publication called “The Information” carried a story that Amazon is planning to sell its white box switches to business customers. Amazon has made what are called white box switches for years to facilitate its own network. By definition, white box…
Summary DocuSign recently conjoyed a well received IPO in which it raised more than $500 million. The shares, in the wake of a quarter that was well above expectations in terms of revenue growth, bookings and margins, have appreciated by about 80% from the IPO price. The company has provided what appears to be very…
Most software shares simply melted-up today. I would like to say that the particular names I have written about recently, and recommended had some unique appreciation, but that was not the case. If you owned software shares on Thursday, you were happy, and there were very few exceptions. For the most part, software stocks appreciated…
PANW-Yesterday, Palo Alto sold $1.5 billion of convertible debentures. The money wasn’t quite free-it certainly cost a bit more than many other recent IT offerings with a coupon rate of 0.75% coupled with a premium of just 27%. As these issues have gone thus far this year, the coupon is higher and the premium is…
Summary Pluralsight is a fairly recent IPO that is a significant factor in the Edtech space. The company has pivoted its business and sells mainly to larger enterprises on multi-year subscriptions. The pivot has caused revenue growth to accelerate sharply, although the impact is best seen in bookings and the growth of ARR. The pivot…
Summary Splunk share was recently downgraded by Citi and have seen a noticeable negative share price reaction since that time. I feel the analyst at Citi missed key points in his analysis and has reached very wrong conclusions. Splunk remains the category leader in a variety of IT Operations market segments. Its platform approach has…
It’s official. Dell is proposing the buyout of its Class V tracking shares. Although the buyout price is supposed to be the equivalent of $109/share, the structure of the transaction which is based on either stock or cash, has left investors with some potential exposure to a security they may not wish to own or…
Domo: The shares of Domo began trading Friday in what was seen as a successful IPO. In some ways, at least for this writer, writing about Domo is a blast from the past-its CEO is Josh James, an entrepreneur who successfully sold his first major venture, Omniture to Adobe, where it became the basis for that company’s…
I have been asked by some of our subscribers to write briefly about two new cybersecurity stars that have recently gone public, Okta and SailPoint Technology. Okta went public about 14 months ago at $17/share (first trade at $23.75) and the shares reached as high as $61 before this recent correction without too many hiccups…