Anaplan (PLAN)-Another difficult quarter with sales results impacted significantly by the economy Anaplan reported the results of its fiscal Q1 on Monday before the opening. I suppose some investors have forgotten that there is still a pandemic upending the economy and that overall, the economy is still in the throes of a deep contraction. The…
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…
Summary Anaplan’s Q4 was a beat and raise on a headline basis. The company did not make consensus billings targets, and billings growth fell from 59% to 25% sequentially. The shares fell noticeably losing 24% of their value the day after the earnings release. Overall, valuation has fallen to a very reasonable 10X EV/S on…
Anaplan shares-are they expensive, or are investors still missing what the company offers? Anaplan is another portfolio holding. Currently the shares represent about 6% of our portfolio and have done well over the period we have owned them. We expect to continue to own the shares for the foreseeable future. While notionally, the shares aren’t…
Yesterday, 3 of the companies in our portfolio reported. Two of the earnings reports were gratifying-the third one, not so much. We expect earnings releases on one side of the other of the guided range-we think managing a portfolio is more about a longer-term batting average and less about short-term anxieties about quarterly misses-or for…
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…
Anaplan announced its quarterly numbers Tuesday morning. Once again, the numbers were a strong beat. This is the company’s 3rd quarterly report since its IPO and its third beat and raise quarter. While the other quarterly reports were marked by share-price spikes, that is not the case this time around. As I write this at the…
Symantec Symantec shares closed down about 10% on Monday after initially trading down 17%. Rumors have swirled with regard to the negotiations between Symantec and Broadcom regarding the latter’s attempt to buy the former. Information has been that Symantec has a minimum price in mind of $28/share and that Broadcom, after some additional due diligence,…
Summary Smartsheets is another hyper-growth company with a hyper-valuation to match. It is a company whose products facilitate workgroup collaboration and automated workflows. Many people consider it to be an updated/upgraded Excel. It really offers specific capabilities in terms of ease of use and collaboration that are not available in Excel. The company has been…
Tuesday, both Anaplan and Workday reported their quarterly results. I will review some of the salient details below, but at a high level, its fair to say that both companies reported what might best be termed blow-out quarters. Both companies provided strong outlooks within the context of prudence, and both companies, suggested that the business…