On Thursday, the Raymond James FinTech analyst, John Davis, downgraded the shares of Square (SQ) to sell from hold And the Rosenblatt IT analyst, Yuri Kim downgraded Anaplan shares from buy to neutral. And earlier today, Rod Hall of Goldman, Sachs downgraded many of the names on his coverage list including Nutanix. The GS downgrade…
March will probably rank as the worst month ever for equity investors, but the last week or so has seen a modest recovery. There appears to be some better news from the war against the Covid-19 virus. The Boston Globe is carrying a story today that new cases in Mass. will peak on about April…
The first part of this post will focus on Nutanix, and then I will proceed subsequently to Elastic and Square. As subscribers are aware, all of these names are in our high growth portfolio. As I write this commentary on Wednesday evening, Nutanix shares, after losing 6% in the regular session have lost another 17%…
Amazon’s strength; Amazon reported one of it stronger quarters relative to expectations last week. I generally do not comment at any great length about Amazon these days. It probably trails only Apple and Tesla as the most covered company in the tech space and I feel as though I am not likely to be able…
Nutanix reported the results of its fiscal Q1 yesterday afternoon. The results were a solid beat. Guidance for Q2 was increased-and as will be discussed the company is forecasting accelerating growth in Q2. At this point, as a measure of prudence, the company did not raise full-year guidance to factor in potentially negative macro headwinds-but…
This morning, a brokerage called Off-the-Record (OTR) raised its rating on Nutanix shares to positive from neutral. OTR said that “checks indicate an improvement in year over year sales and win rates over the last quarter. Customers, according to OTR are finding the Nutanix HCI solution is simple to deploy and market leadership is helping…
One subscriber wrote me that last week was a “hell of a week.” And so it was. I read a drumbeat of articles talking about bubbles and over-valuation. I have presented my thesis often enough. When I write articles and present investment ideas, I try to do so on the basis of logic and not…
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…
Nutanix, along with many other IT companies reported on Wednesday. The company’s financial can be a bit difficult to decipher-and not all analysts are getting it right. But Wednesday’s report seems to me to mark an initial point on a journey of recovery in the shares. The company’s operational position was never that dire as…
I am often asked about the possible future for some of the broken stocks that I have recommended to subscribers-and which I own personally and which are part of the high-growth portfolio. Sadly, in the last several months, some of my picks have been disappointing to say the least. And, in turn, that has lead…