SPLK

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…

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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…

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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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For the reasons we have previously cited, we wanted to trim the size of our holding in Alteryx from more than 14% of the high-growth portfolio to 11%. To do so, we sold 75 shares at Friday’s closing price of $142.07. That raised $10,655 and left us with a position of 255 shares. I want…

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Splunk reported a strong quarter, but the results were overshadowed by cashflow guidance that has lead to a number of downgrades, and to a significant share price reaction. The shares fell by about 12% in the wake of the cashflow issue, and they are down by about 19% since their recent high. This recent share…

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Summary Late Last week Splunk announced its fiscal Q1 results. The results, for the most part, were very strong and showed accelerating growth in software revenues as well as a strong margin performance. The company continues to dominate its Log Analysis space with multiple offerings in multiple use cases and strong acceptance as a security…

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Earlier today, Splunk sold a bit more than $2 billion of convertible debt in two tranches, one of which has a maturity in 2023 and the other a maturity in 2025. The debt carries coupon rates of 0.5% and 1.25% respectively and will wind up costing the company interest payments of about $17 million/year. That interest cost is about 8% of the current…

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This afternoon, 4 names that I follow carefully reported their results. And a company that is a recent IPO< OPRA, also reported its results and as they had revenues rising by 50%, far above expectations, it is another name on which I want to focus some attention. It is not feasible for me to provide…

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PANW-Yesterday, Palo Alto sold $1.5 billion of convertible debentures. The money wasn’t quite free-it certainly cost a bit more than many other recent IT offerings with a coupon rate of 0.75% coupled with a premium of just 27%. As these issues have gone thus far this year, the coupon is higher and the premium is…

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Summary Splunk share was recently downgraded by Citi and have seen a noticeable negative share price reaction since that time. I feel the analyst at Citi missed key points in his analysis and has reached very wrong conclusions. Splunk remains the category leader in a variety of IT Operations market segments. Its platform approach has…

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