We made some changes in our cyber-security holdings in the high growth portfolio. We eliminated the starter positions we had in both Palo Alto and Cloudflare. We also eliminated the position we had in Arista Networks. The positions were too small to be meaningful. The shares of Palo Alto and Cloudflare had appreciated modestly since…
Lots of companies have reported their Q2 results-several hundred in fact. Within our high growth portfolio 4 companies out of 8 scheduled to report this week have now done so. For the most part, the earnings reports emerging range from good to excellent. Q2 is shaping up to have been a better quarter for software…
Shares of Rubrik spiked a little this morning and I got off a sale of 300 shares at my limit of $96.99. I had tried for more, but this was the best price at which I got a fill. Investors-or dare I say traders have been very picky with how they react to earnings. Shares of both…
AS we had discussed in this week’s commentary, we believed that the recent appreciation of IT stocks had taken some of the positions in the portfolio to valuations that were a bit stressed. Today, that opinion was seconded by the analyst team at Raymond James with regards to Nutanix. That precipitated our sale of a…
Arista reported results last evening. The results were a significant beat with revenues running 1%+ above the prior consensus and EPS beating expectations by 10%. The company increased expectations for revenues and margins for the current quarter. The shares, however, have fallen by 8.5%. The share price slide is based on this: Now turning to…
Summary Arista Networks is a high-growth IT stock with a strong position in AI infrastructure, making it a compelling buy despite recent market volatility. The company’s valuation, while not a bargain in terms of the currentEV/S ratio, is justified by its continued market share gains and its projected free cash flow margin of 44%. The…
The market had wavered the first two days of the week with an absence of any real market moving data…until the downgrade of US debt by the Fitch rating agency. Economic macros so far are suggesting that declines in employment may be near at hand, while manufacturing activity is bouncing along the bottom. On the…
Summary Alteryx Q4 earnings were a significant upside with better than expected results for revenues, ARR and non-GAAP operating profits.The company is benefitting from a significant set of initiatives including a new go-to-market motion and a cloud analytics platform.The company is benefitting from a significant set of initiatives including a new go-to-market motion and a…
Reviewing a busted recommendation The last 13 months have been a humbling experience. I feel bloody but try to remain unbowed. It has been next to impossible to make successful recommendations-at least as I define successful. Even companies that I have recommended on SA such as Adobe (ADBE), Wix (WIX), Trade Desk (TTD) and Arista…
Earnings season is in the process of getting started. In the dim past-say a year ago, it was a time to look forward to-which companies would report a blow-out and speculate as to whether a blowout might levitate the share price of the company reporting strong results to a further high. These days earnings season…