JHVEPhoto/iStock Editorial via Getty Images Netskope’s market share is rising now; how long before that is reflected in its valuation Patience is a virtue in many things, investing amongst them, but sometimes when companies report strong quarters but the share price doesn’t follow suit, maintaining patience can be a bit of stretch. I wrote about…
This morning Axon announced that it was selling $1 billion of 0% convertibles. The conversion price has not been announced. My guess is that it will be at a 50% premium. There is lots of demand for convertible offerings of high growth technology vendors and indeed there are funds who only invest in such converts. …
Netskope shares have fallen precipitously this morning. At this writing they are down by 18.55%. The fall has several authors-for me, the one that is most significant was the relatively slower growth in net new ARR this quarter which was down from a year-earlier period and at a low ebb compared to historical attainment. I…
I made some changes in the High Growth portfolio this morning. I sold half of the Datadog position after its recent run. I think the shares are likely to consolidate after a 66% run in the past month. I decided to redeploy the funds to other positions that I believe have a grade potential for…
The US non-farm payroll report issued this morning is a shock-of the positive kind. While it goes against all of the other employment reports, it was much, much better than expected in all reported metrics. A very pro-growth report. Unity reported very strong Q4 results, substantially better than expectations but seemingly in an excess of conservatism,…
JHVEPhoto/iStock Editorial via Getty Images Netskope-A significant market share gainer at the frontier of cyber security The great sector rotation has unearthed some unlikely valuations. It is as though some reverse tsunami had left a sea bed with artifacts of a past civilization. One of those artifacts appears to be the shares of Netskope (NTSK).…
The market presented some opportunities this morning that I have reacted to. In particular I added to the position in Pagaya which got hit a bit because of the misguided proposals of President Trump regarding interest rates. In addition, Figma shares were down despite positive brokerage comments. I continue to add to the positions in…
The market has been quite volatile today, at least in terms of our high growth portfolio. We have (hopefully) taken advantage of the volatility and made some trades. Overall, the trades wound up reducing our margin balance by $660, and the balance now goes to $738,612. There were, in aggregate7 transactions today. In the interest…
The market is once again suffering through a bout of what I might describe as bubble mania with aggressive selling of AI shares. In addition, the results of Netskope, while objectively very strong and better than anticipated, have seen some selling interest as well. Apparently issues with regards to Broadcom’s projected margins have somehow been readthrough…
The last couple of weeks have been painful for investors in high growth IT shares-brutal really. With a crescendo of bubble articles and headlines talking about stretched valuation, good news got interpreted negatively and indifferent news resulted in significant share price compression. Basically, as the year end approaches, some investors, with significant gains have moved…