Summary Smartsheets is another hyper-growth company with a hyper-valuation to match. It is a company whose products facilitate workgroup collaboration and automated workflows. Many people consider it to be an updated/upgraded Excel. It really offers specific capabilities in terms of ease of use and collaboration that are not available in Excel. The company has been…
The earnings cascade will soon start for the week although I will be writing some more reviews for awhile longer yet. Today’s post reviews what has been considering disappointing results/guidance from Square and the rocket ship that Alteryx shares have become. I will also be commenting on PS strong results and its interesting acquisition. I…
As foreshadowed in our weekly commentary, we are making some changes in our high-growth portfolio. The changes are as of Thursday morning. We are selling the following: 85 AYX at $82, 64 TWLO at $125.50 and 85 ZS at $68. These are sales of approximately 18% of our prior holdings in these positions. We are…
I have received a number of requests from subscribers to comment on what some perceive as a valuation bubble in high-growth tech stocks. It seems a good occasion to reflect on Q1 and whether those results have created a bubble. Just to be clear, from time to time, groups of stocks are going to perform…
Several companies of some interest to many subscribers reported this afternoon. I can’t quite reach all of them with a complete article in a timely fashion. So, I will provide a few stray thoughts on Alteryx (AYX), Square (SQ), and Elastic (ESTC). If you are a long-term investor-do not concern yourself with the static coming…
Wedbush analyst Daniel Ives downgraded the shares of Alteryx this morning. At this writing the shares are down about 4.5%. According to the analyst, the downgrade is based on valuation-he cites the company’s very high EV/S ratio. Alteryx does indeed have a very high EV/S ratio-a bit greater than 13X based on my growth rate…
AYX Raymond James analyst Michael Turits downgraded shares of Alteryx today. The downgrade was based on valuation. The analyst said that the shares were within 5% of their all-time high-they were-and had become one of the most highly valued name in his coverage universe. Is Alteryx highly valued? Should readers take profits? My advice tends…
The December quarter is shaping up as another period of growth above expectations for most enterprise IT vendors. Brief Reviews of quarters that were announce by the following companies: Citrix (CTXS), Alteryx (AYX) Aspen (AZPN), PTC (PTC), and F5 (FFIV). For convenience in reading, I have divided the post in two, with the first post…
I imagine that all of our subscribers are aware that the Fed chose to raise rates this afternoon. That decision had been anticipated by most market participants. The Fed statement, however, was considered to be more aggressive with regards to the likelihood of future rate hikes than might have been hoped. The Fed also continued…
I will try to make this as short as possible and long as necessary. Some subscribers like my efforts in terms of diction; all subscribers are going to like it better if I can produce profitable picks. I think the recent crash is epochal in nature. I have seen my share of crashes such as…