I often write about being a long-term investor. Obviously the portfolio move above is not consistent with that strategy. I entered a small position in Mongo shares a few months ago. I was counting on a growth rate inflection. The inflection came all right-but it was in the wrong direction. I think when a mistake…
As indicated in the weekly commentary, we wanted to add marginally to the net long position by opening a tiny investment in MongoDB and adding to the Procore position which had a weight of less than 2%. We wound up buying 60 shares of MongoDB at a price of $241.49. This cost $14,495. That…
Summary Despite recent stock declines, MongoDB’s technology remains strong, with substantial growth potential driven by its No-SQL database offerings and AI integration. The company’s current growth malaise is attributed to macroeconomic conditions and slower-than-expected usage growth, particularly among smaller enterprises. MongoDB is pivoting towards enterprise clients and AI-driven legacy app modernization to drive future growth,…
Summary The best strategy to invest in the AI revolution is to focus on the pick and shovel vendors in the space. These companies serve as toll takers on the road to the deployment of AI based applications. AI needs lots of storage and thus we recommend shares of Pure. AI needs unified storage/compute and…
Summary MongoDB is the dominant competitor in the market for NoSQL databases.Its revenue growth is currently being constrained by macro headwinds impacting a usage based pricing model.The company, despite an earnings report that was better than feared, has reduced its revenue growth estimates for the current year to the high teens percent.The company, while not…
To say this has been a horrible year for investors in high growth IT space is somewhat akin to the statement made by the Emperor of Japan announcing its defeat and surrender of his country in August 1945 to the effect that the war had developed “not necessarily to our advantage.” This has been the…
Summary Mongo reported a halcyon end to its fiscal year when it reported earnings a few weeks ago. Revenue growth accelerated to 56%, billings growth was even stronger, and the company reported its first ever annual free cash flow generation. The company is the leader in the market segment for NoSQL databases. The adoption of…
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…
After a week of high tension, the world has seemingly averted catastrophe, and the US would seemingly have achieved a strategic victory in its long standing fight against Iran’s goals of regional hegemony. The belief that a wider war has been avoided, but with Iran’s military/technology capabilities seen as inept, is obviously putting a tailwind…
A Mournful Wednesday It was just one of those days The skies were dark and the heavens were weeping. If you are a tech investor and are looking for growth names Wednesday was either the worst of times or an opportunity. While there is no particular index that tracks high momentum/highly valued growth names, a…