Earnings, Earnings and more Earnings. Earnings season is in full swing at this point. My view, at least at this point in time, is that there is no evidence of any kind of deceleration in IT demand. That is true pretty much across the board, looking at larger companies and smaller ones all of those…
Impinj Impinj reported its results last evening. The shares have seen a relatively significant negative reaction so far-although they have fallen about 11% as I write this-a more or less typical reaction to earnings in this fraught season. The results were a beat-even compared to the upside pre-announcement release. The guidance was more or less…
GOOG: Google reported its results last evening. I have never really covered the name except insofar as I look at its cloud results. At this point, it doesn’t seem likely that Google Cloud is growing as fast as Microsoft’s 89% reported growth. Supposedly, Google’s cloud market share is around 6%, Microsoft has about a 15%…
Earlier today, Shopify and Commvault reported the results of their March ending quarters. Shopify shares declined a little more than 4% and Commvault shares loss 3.6%. The SHOP performance is a bit more puzzling, perhaps, than Commvault’s share price pull back. I will briefly cover both earnings below for subscribers. Shopify We owned Shopify shares…
Elliot management announced today that it had acquired a 10%+ stake in the shares of CVLT. Elliot has sent a letter to the board complaining about share price (and operational) underperformance. It has nominated 4 individuals to the board and has noted it looks forward to “constructive engagement.” Elliot is one of the leading activist…
Commvault, a holding in our high growth portfolio reported earlier today. The shares wavered back and forth before finally closing up marginally despite the relatively weak tech stock market this afternoon. The headline results seem mildly disappointing. A miss of $.01 on EPS and a miss of about 1% on revenues. Looking a bit further,…
As of today, our model portfolio sold its position in Hortonworks and replaced it with an investment of like size in CommVault. We are simply not able to handicap what it is that HDP management is going to say when it reports earnings next month and discretion is the better part of valor. We simply…