User comment: Nice!
User comment: Seems almost unreal
Victor: I took the opportunity yesterday and today to add to my ZM, NET, DOCU and PTON positions. All are great companies with incredible fundamentals and growth. All were down as anticipated the past 5 days and in my opinion great opportunities to add to great investments before earnings.
NET : 11/5 (tomorrow)
PTON : 11/5 (tomorrow)
DDOG : 11/10
ZM : 11/30
CRWD : 12/2
OKTA : 12/2
DOCU : 12/3
MDB : 12/14
If we can get the remaining ambiguity out of our presidential election, I believe all of these have an opportunity to surge into earnings and significantly beat expectations. Cheers.
User comment: I added a bunch of ZM yesterday
Most impressive part of this chart is the little tiny numbers under the NET quote, which indicate AFTER HOURS trading!
NET is a 12% position and my third largest holding and they just absolutely crushed their quarterly earnings announcement at 1:10pm today and are accelerating on a hockey stick growth, finally breaking out of the 48% revenue growth rate they have been tracking for the past 5 quarters and achieving 54% revenue growth this quarter. This is sooner than I’d anticipated and I expect this company to continue to outperform. Call is at 2pm today if you care to listen in. As you recall, I used to have NET and FSLY and identified NET as the long term winner, which FSLY was benefiting short term. With FSLY’s trip and fall last month, I sold all those shares and doubled down on NET, who has a much larger TAM and it breaking into various different markets to now give ZS and others a run for their money. Among their highlights this quarter, they surpassed $100m in quarterly revenue, brought on over 100 new large customers, including their first $10m per year annual recurring customer, achieved positive Cash flow from operations, and have over $1B in cash and equivalents. This company is SOLID. NET should be up decidedly tomorrow in open trading and is up after hours 8% today on this phenomenal earnings report. Hope some of you took the opportunity to pick some shares up the past week on the rare dip they had. Cheers! -Victor
PTON: 223% revenue growth?! Wow! Blistering! Unfortunately, the rocket 🚀 ship may be splintering a bit as it exits orbit…Despite and otherwise phenomenal earnings call, they announced they would have challenges fulfilling orders due for the forseeable future due to the incredible demand, backlog and supply constraints. The stock is down 7% after hours and I suspect will take it on the chin a little bit tomorrow. And otherwise good problem to have, but not what Wall Street wants to see from its new darling. The phrase “forseeable future” does not instill confidence even when you put up number this spectacular and also raise guidance to a Billion dollar next quarter. Will be interesting to see how the sharks 🦈 treat them tomorrow when they open and I will have to consider how I proceed with this one going forward.
