PSTG

The Dow is down more than 800 points at this writing ( 2.9%) and the IGV is down almost (3.3%). The losses are part of a 3 day panic related to the potential spread of the Corvid-19 virus to other countries without the ability to identify an index victim.  There are clusters of new cases…

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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…

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My Conviction on Pure Sometimes subscribers ask me about ranking my conviction concerning recommendations. To a certain extent, the request is somewhat akin to trying to rank one’s children. Still, not all of my recommendations have the same level of risks and rewards. I have written on several occasions regarding Pure Storage as a recommendation.…

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Cloudera launches CDP Last week Cloudera announced CDP and held a round-table with analysts. It appears that most analysts at the event seemed impressed with the product launch. I do not want to cast myself in the role of reviewing products. There are plenty of 3rd party consultants who occupy that space. But I will say…

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Last week was one of frustration and concern for investors in highly valued IT names. This segment of the tech space saw another difficult week in terms of share price performance. Sector rotation has continued. Some subscribers are quite concerned at the share price evolution since July 26. While the QQQ index was only down…

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Zscaler/Crowdstrike-some thoughts about their announcement Yesterday, as part of an investor event, ZS and Crowdstrike announced what could be an interesting integration of the two solutions. While some of what I write here might be considered an over-simplification, the two companies offer complementary solutions to different parts of the cyber-security problem. The core of the…

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Summary Pure achieved strong operating results in its fiscal Q2. The company guided down revenue growth, primarily because of commodity cost declines and in the interest of prudence. The company did not guide down EPS. Bookings growth, not a metric used by the company-showed growth of 33% and accelerated from Q1 growth. The company accelerated…

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As we indicated last evening we have made changes in the high-growth portfolio as follows: We sold 1000 shares of Pivotal (PVTL) at the opening price this morning of $14.20. This raised $14,200 of cash. We bought 500 shares of Pure Storage-again at the opening price this morning of $13.17. This cost $6600. And we…

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We have recommended Pure Storage for some time now and recently added it to our high-growth portfolio in the wake of the company’s latest share price disaster. While the company has shown reasonable growth, the share price has basically not correlated to the company’s operational performance. So far in 2019 the shares are down a…

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Pure Storage announced its results on the afternoon of 5/21. The results were below expectations-not by a great amount, to be sure, but below what the company had expected to achieve, and as a result, earnings suffered. The shares, as I write this are down by about 18%+. The company said it reduced guidance as…

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