ESTC

High Growth tech names have depreciated sharply since the start of the sector rotation in mid-February. Most names have lost more than 20% as investors have fled the space-supposedly fearful of rising interest rates brought on by expectations of higher inflation. The flip side of this, is that companies in the space have seen a…

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Several subscribers have asked me to comment about the share price implosion in the IT space this past week and what names can be bought to take advantage of this panic. I do think that this is a panic that presents some opportunities for subscribers with spare cash. The concept of this panicis is that…

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Buying the dip

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…

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Earnings for the quarter ended in July have been flowing in this past week. July has apparently been a relatively strong month for IT sales. It would seem that many of the themes we have highlighted over the past months have been borne out by the operational performance of many vendors. Before turning to focus…

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Summary Elastic shares are down more than 20% from the company’s post earning peak share price set on February 28th. That quarter was impressive with beats on revenues, earnings and other significant metrics. This company is a stealth competitor in the observability market, one of the hottest spaces in the IT firmament the last year…

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Friday marked a further down leg in the market decline that began a bit more than a week ago. Overall, the decline has reached 11.5% as measured by the S&P average. Again, the issue was the potential spread and impact of the Covid-19 virus. The IGV index has fallen a comparable amount over the same…

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Sometimes you do lots of work and think you understand a stock-or perhaps better said the company whose shares you are evaluating. And then said company reports results and the shares take a tumble and you can’t quite figure out what happened or what are you missing. And that in a few sentences is the…

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Elastic Stretches

Elastic reported results for its latest quarter after the close on Wednesday. The results were well received, and the shares rallied 11%. That still leaves the shares 13$ below the high that was set a few weeks ago. The quarter showed growth in revenues and margins at greater levels than the consensus. The bookings  growth…

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Summary Elastic was one of the hotter IPO’s of the second half of2018. The shares, despite the company reporting strong operational performance and guiding higher, have pulled back about 25% from their high point. The pullback is most probably linked to both the expiration of the lock-up and the headline of dubious proportions about the…

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There have been a variety of news events that may be of interest to some subscribers. I though it might be most convenient to bundle them into a single post. None of these events will be company changing but they have had some modest share price impact. Before starting on the content, please note that…

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