SolarWinds There are lots of earnings out today-almost all of them of the Beat and Raise variety. The one prominent exception is PTC. Most prominent were the earnings of Microsoft and Service Now. I will be back with a post with a bit of substance to fill in the white spaces. Obviously, the market is…
Let’s face it-the last 6-7 weeks have been an abysmal period for tech stock investors. Little other than abstinence from the group has worked. Even trading around core positions has been a difficult strategy to execute. Today, there has been more pain-although most of it was focused in the semi-conductor I have been asked several…
Summary Arista Networks has seen its shares brutalized over the last few weeks. The company, which is quite profitable, now has valuation ratios which it has never before seen. I think that the company has an excellent chance to achieve growth reacceleration to more than 30% in 2019. The company continues to enjoy market share…
ANET reported its quarterly earnings Thursday evening. While the results were a beat and the forecast was increased, clearly, investors had been hoping for more than they got. The shares sold off 5% on Friday, and are up just 11% YTD. Given the growth cadence of this company, valuation has compressed noticeably, certainly in terms of EV/S but…
IBM IBM reported the results for its fiscal Q2 Wednesday afternoon to kick off IT earnings season. The results included an earnings beat, in-line revenues, and an in-line guide. The shares have responded noticeably trading up by more than 3% after hours. The share price reaction should be carefully looked at in context; IBM shares have been…
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…
There is a famous story about Benjamin Franklin and the framing of the constitution. Dr. Franklin was the oldest and perhaps the most widely accomplished delegate to the Constitutional Convention of 1787. Dr. Franklin was quite feeble by then (He was 81, a great age for most individuals in the 18th century and he could…