Tuesday was bookended for IT investors with earnings from two of the highest valued vendors in the IT firmament. In the morning came earnings from Shopify followed by Twilio earnings in the afternoon. I suppose if I had to rank the two companies in terms of their performance, I would have to give the nod…
As I write this, Shopify shares, after a strong rebound Thursday are under pressure this morning. The pressure stems from the market reaction to the results and forecast of Amazon results and forecast. Correlations from quant funds have an outsize influence in market action and are certainly in the ascendency. Evaluation of operational performance is…
Summary Shopify reported the results of its fiscal Q2 a few days ago. While the results were a beat and raise quarter, the magnitude of both was not satisfactory to investors, at least initially. The company saw some deceleration in the growth of its MRR metric. The company’s guidance has been set such that operating…
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…
We are in the process of revising the presentation of our portfolio to make it easier to read and more usable for subscribers. We hope to complete this in the next 10 days or so. Until that time, I will be providing commentary, but no charts. I hope you can all bear with me in…
Pure-Another strong quarter, once again misunderstood Every three months Pure reports numbers and every 3 months investors seem to forget what the company said the last time out. It has been a rather tiresome pattern, but one that is probably worth noting as it presents opportunities for investors. We have recommended Pure shares for some…
Earlier today, Shopify and Commvault reported the results of their March ending quarters. Shopify shares declined a little more than 4% and Commvault shares loss 3.6%. The SHOP performance is a bit more puzzling, perhaps, than Commvault’s share price pull back. I will briefly cover both earnings below for subscribers. Shopify We owned Shopify shares…
As of Wednesday evening, we sold our Shopify position in the portfolio at a price of about $94/share. It has been a great ride and this is a great company, but like everything else, even great companies need to be valued rationally. The company’s shares have risen by almost 1/3rd in the last month and…
Shopify shares saw a strong positive reaction in the wake of the company’s earnings report and then pulled back sharply the last couple of days. Overall, the shares were down about 2.5% last week. The company continues to grow very rapidly with revenues up 69% year on year and of equal importance revenues grew by…