The last few trading sessions have seen a rather significant reversal of investor preferences. Risk-off is ruling investment sentiment and has pulled down many high-growth IT names by as much as 20% in a few days. Losses, as is typical in a panic, have been fairly indiscriminate although the names with the highest EV/S valuation…
It has been a relatively long journey to write commentaries on many of the companies that reported in the last 10 days. And I have still missed a couple of names such as Medallia and Coupa that are of interest to some subscribers. But the current installment will cover the balance of the names on…
It is Monday morning, the start of the 4th week since the world turned upside down. Stocks are down 2%-3% after yo-yoing up and down overnight. The issue today, so it is said, is the partisan bickering about the stimulus bill. Either it will be resolved in 24 hours or there will be drama and angst.…
Note to subscribers-I was scheduled to write about Smartsheet’s at this point but my interview with the CFO got pushed back to next Thursday. I would rather have the benefit of a one-on-one conversation with the CFO than not, so my post will come out at that point. DocuSign was a rare stock indeed in which…
Last week, DocuSign was one of the few IT names to report earnings and rise. It isn’t an inconsequential component of our high-growth portfolio, although this past week we wished it had been a larger position. What should investors/subscribers do now? In a single sentence, we liked the shares before last quarter’s earnings, we liked…
Writing about DOCU’s quarterly results is not a happy undertaking-not because the results were bad-they weren’t or because the guidance was weak-that really wasn’t an issue either, but because the shares lost 17% AH and it is really hard to figure out why that might have been so. There were some sub-headline metrics that might…
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…
Summary DocuSign reported another strong quarter with substantial beats in terms of revenue, operating cash flow, and reported EPS. The company raised guidance notably as it has done every quarter since it has been public. The company has further enhanced its significant partnership with Salesforce. The company has achieved early success in integrating the acquisition…
There is an old expression to the effect that “sometimes the bear eats you and sometimes you eat the bear.” The saying apparently was first used in 1870 in a slightly different form by the transcendentalist poet, Ralph Waldo Emerson. There are times when it becomes an appropriate metaphor for describing share price action after-hours.…
This post addresses Aspen and PTC. It also addresses some commentary about the Dropbox acquisition of HelloSign and some further thoughts about ANET shares. Aspen (AZPN) What to do with the shares of Aspen Tech. It is a company whose shares I would like to recommend, and it has many attractive elements in terms of…