VEEV

Earlier today, we made another change in our high-growth portfolio. We sold about 50% of our position in Atlassian-132 shares at $240.09.  This sale raised about $31,685.  Atlassian is a great company with a long runway of growth. But the shares have gained 25% in the last month. Part of that gain probably relates to…

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After a record setting November for many equity indices, December has opened with a bit of a pause-particularly so for high-multiple, high growth IT names.  The dreaded sector rotation came and went in a couple of weeks, leading to a noticeable rally. I would be surprised if December turned out to be quite so ebullient…

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The last IT earnings for November were reported on Tuesday. I am going to review the announcements of ADSK, VMW, and VEEV. Dell, which is a company I do not normally review also reported Tuesday evening. It is large and has many moving parts. It is a company that still is dealing with the turmoil…

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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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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…

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We are selling our position in Veeva shares in our model portfolio at Friday’s closing price of $108.87 Our position was 201 shares which we acquired at a price of $58 about a year ago. The sale will net us about $21,900. We are not selling the shares because of any concern about the quarter.…

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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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Veeva reported the results of its fiscal Q1 last evening. The results were a beat. This being Veeva, that was hardly surprising. But along with the beat came a raise of some size for the balance of the year. And along with that came the announcement of a major new product which will provide the…

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Veeva Q4 earnings

Veeva reported very strong financial results for its Q4. As is typical for this company, results beat consensus expectations significantly, and what is not as typical for this company guidance for the full-year of 2018 was raised quite substantially. The shares have rallied-they are up 6% pre-market and are closing in on the $68 high…

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