Thursday was just an awful day for investors in the enterprise software space and Friday hasn’t been much better. Our Ticker Target High Growth portfolio fell by almost 5% and is down by more than 4% today.. Not terribly surprisingly, the IGV ETF-extended tech software fell by a similar percentage while the WCLD ETF fell…
We have made some changes in the Income/Stability portfolio this morning. Shares of Oracle have fallen yet again-this time due to a story in the FT relating to the company’s planned data center in Michigan. Oracle, as has been detailed recently, does not own the land and the buildings of its data centers. It leases those from…
With yesterday’s spike, shares of Oracle reached over 45% of the Income/Stability portfolio at one point. That is just beyond any guard rails with regards to portfolio concentration. Portfolio management implies some rules. Honestly, for the most part, our rule is 15% is maximum concentration. We made some changes in the Income/Stability portfolio this morning. I…
Taking a look at a very fallen angel Wix, (WIX) the subject of this article, is a very fallen angel. It was one of the first IT vendors to see falling growth, and it has perhaps reached something of a nadir in that category. When the company last reported in August, it commented that it had seen…
Tuesday evening and Wednesday morning brought several announcements from software companies providing preliminary results for the quarter that ended on March 31st . The results for all of the companies listed above were significant beats. The theme is that the software industry is experiencing boom times engendered both by the wide scale acceptance of applications that…
Alteryx: Yesterday, AYX and Snowflake announced a partnership that enhances the integration between the Snowflake platform and what Alteryx now calls its analytic process automation solution set. Alteryx shares were up 7%+ on the basis of the announcement. Alteryx is a 7%+ weighting in our high-growth portfolio. Snowflake is perhaps the leading platform these days…
As indicated a couple of weeks ago, we are selling our position of 115 shares in SAP. Our sale was at a price of $115.99 and raised cash of $13,320 which we will add to the cash balance of the income/stability portfolio As mentioned in the portfolio commentary from the prior week we felt that…
I usually do not trouble subscribers with commentary regarding the results of a company that preannounced most significant results. That said, the results just announced on Monday morning were a further beat in terms of revenue, and a more significant beat in terms of both non-IFRS EPS and free cashflow. The main reason for what…
In the distant past-say maybe 6-7 years ago, the period before earnings season was particularly tense for analysts. We would wait after the close to see which company if any had been forced to preannounce. Most quarters there was typically some high-profile casualties. With the broad adoption of SaaS consumption models for software procurement, there…
Thursday’s price action has seen some consolidation in the IT sector after a halcyon performance on Wednesday. No more than anyone else, I have no idea if the bottom is in-I hope it is, and I have made my portfolio bets that way, but sentiment in the last few weeks has been like quicksilver. Sometimes…