WDAY

Summary Enterprise software turned in a spectacular performance in 2020. My tea leaves suggest that the space will continue to outperform broad indices in 2021. I think a reasonable portfolio should focus on those companies who experienced demand headwinds in all or part of last year. I have taken a portfolio approach to making recommendations.…

To access this post, you must subscribe.

Read More

Investors seem to be suffering from a severe case of schizophrenia. Earlier in the week, work-from-home names heavily underperformed cyclical names, On Friday, investors seemed determined to erase that judgement. And indeed, one company whose management pointed out that it was concerned about the percentage growth of its Q4 backlog because of economic headwinds spawned…

To access this post, you must subscribe.

Read More

Buying the dip

The last few trading sessions have seen a rather significant reversal of investor preferences. Risk-off is ruling investment sentiment and has pulled down many high-growth IT names by as much as 20% in a few days. Losses, as is typical in a panic, have been fairly indiscriminate although the names with the highest EV/S valuation…

To access this post, you must subscribe.

Read More

Earnings for the quarter ended in July have been flowing in this past week. July has apparently been a relatively strong month for IT sales. It would seem that many of the themes we have highlighted over the past months have been borne out by the operational performance of many vendors. Before turning to focus…

To access this post, you must subscribe.

Read More

Summary Workday will be announcing the results of its fiscal Q1 (ended 4/30/30) this Wednesday, May 27th. At this point, expectations are muted reflecting the extent to which WDAY’s fortunes are correlated with employment and the acquisition of new users. Last quarter saw a material inflection for the company, with its RPO metric climbing 15%…

To access this post, you must subscribe.

Read More

From time to time we get requests for commentary on names that we do not recommend but which are of interest to subscribers. Recently both Salesforce and Workday reported the results of their fiscal Q3. There were marked similarities as well as some differences in terms of what was reported. Overall, the headline results were…

To access this post, you must subscribe.

Read More

A Mournful Wednesday It was just one of those days The skies were dark and the heavens were weeping. If you are a tech investor and are looking for growth names Wednesday was either the worst of times or an opportunity. While there is no particular index that tracks high momentum/highly valued growth names, a…

To access this post, you must subscribe.

Read More

Tuesday, both Anaplan and Workday reported their quarterly results.  I will review some of the salient details below, but at a high level, its fair to say that both companies reported what might best be termed blow-out quarters. Both companies provided strong outlooks within the context of prudence, and both companies, suggested that the business…

To access this post, you must subscribe.

Read More

In the last few days since Thanksgiving there has been a mini-earnings season. IT vendors that have reported include Salesforce, Nutanix, Splunk, Palo Alto, Veeva, Box, VMware, Plan, Yext and Zuora. I can’t really write in any great depth on all of these names in a timely fashion. I have written about Nutanix and its…

To access this post, you must subscribe.

Read More

Workday Workday reported the results of its fiscal  Q2, after market close on Tuesday. Almost all investors and interested parties expected to see an upside, and an upside of sorts is what they got. As I had pointed out in an earlier post on the subject, it can be hard to make money speculating on…

To access this post, you must subscribe.

Read More
{"cart_token":"","hash":"","cart_data":""}