On Thursday, the Raymond James FinTech analyst, John Davis, downgraded the shares of Square (SQ) to sell from hold And the Rosenblatt IT analyst, Yuri Kim downgraded Anaplan shares from buy to neutral. And earlier today, Rod Hall of Goldman, Sachs downgraded many of the names on his coverage list including Nutanix. The GS downgrade…
Summary Crowdstrike’s numbers, both at the headline and sub headline levels, beat prior estimates by substantial amounts. The revenue growth was 89% and the growth in ARR was 92% both year on year. The unit economics were very strong, and overall the operating loss margin fell by more than 3200 bps. The company’s CEO said…
As mentioned, we are making a change in our high-growth portfolio. We are selling our position in Cloudera and buying CRWD at the closing prices of Tuesday. We had 1500 shares of CLDR in the portfolio which we sold for $11.90. That raised $17.850. This was a noticeable loss from our initial investment but represented…
Summary CrowdStrike shares are down more than 50% from their peak. The company just announced another blow-out quarter that has compressed valuation metrics substantially. The company continues to disrupt the market for End Point security with a unique offering and a huge competitive moat. Most 3rd party research providers rate it as having the best…
It has been difficult to avoid some of the headlines regarding Crowdstrike. The president essentially dragged the company’s name into the current impeachment controversy. It is hard to tell to what extent the company’s share price has been affected by its mention amongst all of the swirling tweets and allegations. The company really is not…
Last week was one of frustration and concern for investors in highly valued IT names. This segment of the tech space saw another difficult week in terms of share price performance. Sector rotation has continued. Some subscribers are quite concerned at the share price evolution since July 26. While the QQQ index was only down…
Zscaler/Crowdstrike-some thoughts about their announcement Yesterday, as part of an investor event, ZS and Crowdstrike announced what could be an interesting integration of the two solutions. While some of what I write here might be considered an over-simplification, the two companies offer complementary solutions to different parts of the cyber-security problem. The core of the…
Medallia (MDLA) Medallia has announced the pricing of its IPO today, and at the top of the contemplated range, the enterprise value is about $2.2 billion. Medallia’s most recent reported quarter, which shows results through 4/30, had revenues increasing by 33% to $93 million. As noted in my article on Medallia, that results indicated significant…
Summary CrowdStrike is planning its IPO for 6/1219. The current estimated share price has been increased to $30 which will give the company a market capitalization of $6 billion. The shares will almost inevitably trade higher-and perhaps much higher. The company is experiencing one of the more rapid growth rates to be seen in the…