In late October I wrote an article on Root and its IPO. I suggested that it would be a strong IPO, and that investors should invest in the shares. The company recently (Dec.1, 2020) announced the results of its first quarter reporting as a public company. Suffice it to say-the IPO didn’t work out and…
Slack (WORK), Nutanix (NTNX), Anaplan (PLAN) and Pure Storage (PSTG) Thanksgiving week is often quiet period in terms of investment developments. That did not pro0ve to be the case this year. Our team at Ticker Target took 0off much of the week to enjoy time with family and loved ones-not always the same thing, but…
Investors seem to be suffering from a severe case of schizophrenia. Earlier in the week, work-from-home names heavily underperformed cyclical names, On Friday, investors seemed determined to erase that judgement. And indeed, one company whose management pointed out that it was concerned about the percentage growth of its Q4 backlog because of economic headwinds spawned…
Tech stocks, after a multi-week rally are pulling back rather sharply today. The CLOU index which had been up 12.4% since 8/1 has dropped 6.5% today. There is nothing particularly special about today. The economic data has been strong, particularly the new claims metric and the ISM Services number. But some investors for various reasons…
Nutanix announced some rather dramatic corporate developments on the afternoon of August 27th. The company announced that its CEO, Dheeraj Pandey has elected to retire; the company announced that it has secured an investment from Bain Capital of $750 million ; and the company announced a material upside to results, both in terms of revenue…
Can you believe it? Nutanix tops a CIO usage survey I obviously am unable to conduct surveys I have a small business with a decent body of subscribers that I do the best I can to support. But one thing I haven’t wither the resources or the disposition to undertake is the user surveys that…
Summary Nutanix reported the results of its 3rd fiscal quarter on 5/27. The results were a beat-even compared to the preannounced results that were presented in early May. The results were ahead of the guidance presented before the impact of Covid-19 on the economy were incorporated in the company’s forecast. The company was able to…
We have held Nutanix shares in our high-growth portfolio, seemingly forever. The shares have been one of the worst performers so far in 2020. The shares, even after today’s pop, have lost 25% so far this year-and that is very painful given the performance of both the IGV index and the cloud, and so far…
Nutanix announced some preliminary revenue results for its 3rd fiscal quarter that ended on April 30th. The results were better than had been feared, particularly in light of the fact that the company has begun a furlough program to reduce operating expenses. Not terribly surprisingly, and consistent with actions of many other vendors, the company withdrew…
It was announced this afternoon in some of the trade press that Nutanix has furloughed some of its staff. The specifics of the announcement are that about 25% of the staff at Nutanix will have two week-long furloughs between May 4th and October 31st. The company talked about taking “deliberate and proactive expense-reduction measures that we…