Quick update on SMAR: As I surmised above, I did not go into this earnings call nearly as optimistic and ZM or CRWD. SMAR had a very solid quarter announcing 52% revenue growth. BUT the street does not like it when you are cautious about future growth and guide lower. Today they are being punished for it. I am liquidating my position in this company. They will likely face headwinds then next 2 quarters at least do to COVID-19 (their own words, not my analysis) and there are faster growing companies out there. They announced they are slowing hiring, decreased bookings due to both deferrals and/or slower paying customers. None of it fits the stereotype of the type of companies I like to invest in and hard to stomach this result. I am selling mercilessly today and plan to be out by end of day. I bought a little more CRWD and will look at picking up a little more FASTLY also with the proceeds. Rough day today all around, but so goes the rollercoaster!!
Investing in the Digital Revolution
