Buy the rumor, sell the news-so is the old market adage. Couple that with a world made of soundbites and analysis on the fly and headlines. For many people that seems to fill the “need for speed” and the story of Nutanix reaction to a great earnings release might be explained. Nutanix shares after hours…
Cognizant We are selling our position in Cognizant shares at last night’s closing price of $75.10/share. We have held 153 shares in the portfolio over the past year that we bought at a price of $$70.90. The sale will provide us with a return of about 6% in addition to the dividend that Cognizant has…
Nutanix announced today that it intended to buy a company called Frame. It is modest sized acquisition said to be worth $165 million according to 3rd party sources. Presumably, its funding has been more substantial than the $29 million that has been publicly revealed given the costs inherent in employing 167 technically oriented employees are almost…
SHOP SHOP reported its results yesterday morning. Unfortunately, the transcript of its call was delayed and never made it to SA. This has delayed this post. I am not sure how much of a problem that is for subscribers, but I never like to comment about earnings without reading a call to ensure I get…
This morning we made two transactions in our model portfolio. We sold half of our position in SHOP and used those proceeds to add to our position in NTNX. We made a small profit on the SHOP transaction-about 4%. As many of you are aware there is another short call circulating about SHOP. It has…
I have recommended Nutanix shares most of the time since the company has been public-except for a few misbegotten hours when I was the victim of fake news. And in the wake of the latest earnings release, I am recommending the shares more-yes that is ungrammatical, but I wanted to make a point. Somehow, I…
Let me say at the start-I was wrong. Whether or not my analysis would have been correct if the facts were as I had thought/read, I will never know. But the fact is that Project Xi availabilities haven’t changed since the last time I checked in with the IR Director. The Bloomberg “news story” on…
I don’t like recommending to subscribers to trim core positions. I am basically a buy and hold growth investor. When I look back on the performance of my own hedge fund, much of it was built on finding decent names and sticking with them, despite some operational stumbles. But I do think it would be…
Nutanix reported the results of its fiscal Q2 that ended 1/31 on Thursday evening. Once again, the company produced very strong results with several impressive wins, including the company’s first transaction worth more than $10 million. Nutanix shares are seen by some as expensive and have been seen by others as vulnerable during its transition…
A couple of weeks ago we sent out a post to subscribers recommending that they initiate a position in Nutanix shares in front of the quarterly report. The report was a strong one with both revenues and EPS running ahead of expectations. In addition, the company significantly increased its Q4 (ends 7/31) forecast for revenues.…