Friday was not a fun day in which to be engaged in high-growth tech names. Almost all of them, except those with some unusual parameter, were being sold aggressively by investors in the wake of NetApp’s preannouncement and its comment that it is seeing a macro-slowdown in storage demand. And in addition, Arista’s commentary that…
Even though it is mid-summer life goes on. There have been some developments of interest amongst our portfolio holdings and other recommendations. This a brief compendium of some of the news from today, July 9, 2019 as it affected the IT space. Twilio (TWLO) Yesterday Twilio announced a new customer acquisition. The company, in conjunction…
The earnings cascade will soon start for the week although I will be writing some more reviews for awhile longer yet. Today’s post reviews what has been considering disappointing results/guidance from Square and the rocket ship that Alteryx shares have become. I will also be commenting on PS strong results and its interesting acquisition. I…
Several companies of some interest to many subscribers reported this afternoon. I can’t quite reach all of them with a complete article in a timely fashion. So, I will provide a few stray thoughts on Alteryx (AYX), Square (SQ), and Elastic (ESTC). If you are a long-term investor-do not concern yourself with the static coming…
Change in the High-Growth Portfolio-Trim some Twilio, Add some Square The overall market has shown very little change this morning, but one of our portfolio names, Twilio, has made a new all-time high and it is up about $8 or just shy of $8%. With that jump, the shares have once again, become a higher…
AYX Raymond James analyst Michael Turits downgraded shares of Alteryx today. The downgrade was based on valuation. The analyst said that the shares were within 5% of their all-time high-they were-and had become one of the most highly valued name in his coverage universe. Is Alteryx highly valued? Should readers take profits? My advice tends…
Atlassian-(TEAM) Yesterday, Atlassian reported another in a strong of what seem to be unusually strong quarters. I suppose if the quarters are all showing growth at elevated levels, then the levels that are being shown are really not elevated. In fact, it seems reasonable to assume, that Atlassian’s organic growth rate is probably higher than…
I imagine that all of our subscribers are aware that the Fed chose to raise rates this afternoon. That decision had been anticipated by most market participants. The Fed statement, however, was considered to be more aggressive with regards to the likelihood of future rate hikes than might have been hoped. The Fed also continued…
I will try to make this as short as possible and long as necessary. Some subscribers like my efforts in terms of diction; all subscribers are going to like it better if I can produce profitable picks. I think the recent crash is epochal in nature. I have seen my share of crashes such as…
Summary Square announced the results of its fiscal Q3 late last week. The results were once gain a substantial beat in terms of both revenue growth which reached 68% and adjusted EBITDA which more than doubled. While revenue guidance, which calls for 59% growth this quarter and growth above 40% next year should please almost…