Ok here we go with the latest week round up. Now for the monthly review - no rest for the wicked.
Ant
Ali Baba (BABA):-
Q3 EPS of $1.29 beats by $0.26.
Revenue of $8.29B (+60.7% Y/Y) beats by $440M.
The fastest growing large cap on the planet kills it again. Why risk being in JD when this juggernaut delivers every time. Growth rates accelerate to an all time high. Singles day coming up - but this time connected to the Lazarda universe sale across SE Asia where they now hold 80% stake. Ali Baba cloud doubles again.
http://www.nasdaq.com/press-release/alibaba-group-announces-…
https://seekingalpha.com/article/4119588-alibaba-group-holdi…
Arista Networks (ANET):-
Q3 EPS of $1.62 beats by $0.43.
Revenue of $437.63M (+50.8% Y/Y) beats by $19.13M.
Yup totally killed it. Got rewarded by the end of the week.
https://seekingalpha.com/pr/16989971-arista-networks-inc-rep…
https://seekingalpha.com/pr/16989971-arista-networks-inc-rep…
Atlassian (TEAM):-
Q1 EPS of $0.12 beats by $0.03.
Revenue of $193.8M (+41.7% Y/Y) beats by $8M.
Nice!
https://seekingalpha.com/pr/16974378-atlassian-announces-fir…
https://seekingalpha.com/article/4114931-atlassian-corporati…
https://seekingalpha.com/article/4115146-atlassian-2017-q3-r…
Blackline (BL):-
Q3 EPS of -$0.01 beats by $0.05.
Revenue of $45.87M (+41.7% Y/Y) beats by $1.8M.
For those that are still interested in this story, not a bad result!
https://seekingalpha.com/pr/16990025-blackline-announces-thi…
https://seekingalpha.com/article/4119901-blacklines-bl-ceo-t…
CEVA (CEVA):-
Q3 EPS of $0.36 beats by $0.08.
Revenue of $24.04M (+34.7% Y/Y) beats by $2.49M.
Good results, visibility needs to improve on iPhone etc
https://seekingalpha.com/pr/16986463-ceva-inc-announces-thir…
https://seekingalpha.com/article/4119090-cevas-ceva-ceo-gide…
Cognex (CGNX):-
Q3 EPS of $1.03 misses by $0.01.
Revenue of $259.74M (+75.6% Y/Y) beats by $3.36M.
Wow I didn’t think they could do it but they did. Bad call by me.
https://seekingalpha.com/pr/16984274-cognex-reports-record-r…
https://seekingalpha.com/article/4118318-cognex-cgnx-q3-2017…
Criteo (CRTO):-
Q3 EPS of $0.65 beats by $0.08.
Revenue ex-TAC of $234.4M (+32.8% Y/Y) beats by $4.28M.
Results good but iPhone still weighing on the prospects
https://seekingalpha.com/pr/16986437-criteo-reports-strong-r…
https://seekingalpha.com/article/4119251-criteos-crto-ceo-er…
C-Trip (CTRP):-
Q3 EPS of $0.32 beats by $0.08.
Revenue of $1.19B (+41.9% Y/Y) beats by $40M.
Ok they needed to do this as the P/E ratio was really getting too stretched. Skyscanner really making a difference.
https://seekingalpha.com/pr/16988299-ctrip-reports-unaudited…
https://seekingalpha.com/pr/16988299-ctrip-reports-unaudited…
CyberArk (CYBR):-
Q3 EPS of $0.25 beats by $0.06.
Revenue of $64.82M (+17.9% Y/Y) beats by $2.15M.
Another top result - subscription model transition handled well
http://www.nasdaq.com/press-release/cyberark-announces-third…
https://seekingalpha.com/article/4119959-cyberark-softwares-…
FireEye (FEYE):-
Q3 EPS of -$0.04 beats by $0.03.
Revenue of $189.6M (+1.7% Y/Y) beats by $3.19M.
Beats and misses, disappoints.
https://seekingalpha.com/pr/16987876-fireeye-reports-guidanc…
https://seekingalpha.com/article/4119404-fireeyes-feye-ceo-k…
Hortonworks (HDP):-
Q3 EPS of -$0.24 beats by $0.16.
Revenue of $69M (+45.2% Y/Y) beats by $5.9M.
Ok these guys are seeing growth accelerate and making amazing progress narrowing the losses. I may take a position yet.
https://seekingalpha.com/pr/16989950-hortonworks-reports-thi…
HubSpot (HUBS):-
Q3 EPS of $0.03 beats by $0.06.
Revenue of $97.73M (+38.4% Y/Y) beats by $1.23M.
Great results - could be facing less comp from TDD and Criteo and ad blockers so I’m tempted to top up this one since I only have a half position.
https://seekingalpha.com/pr/16987973-hubspot-reports-q3-2017…
https://seekingalpha.com/article/4119382-hubspots-hubs-ceo-b…
Instructure (INST):-
Q3 EPS of -$0.27 beats by $0.04.
Revenue of $42.95M (+42.5% Y/Y) beats by $2.35M.
Good results but still small and a long way from profits. Seems to be doing what a gzillion on line learning platforms do. Judge for yourselves.
https://seekingalpha.com/pr/16984254-instructure-reports-thi…
https://seekingalpha.com/article/4118332-instructures-inst-c…
MercadoLibre (MELI):-
Q3 EPS of $0.63 beats by $0.01.
Revenue of $370.66M (+60.6% Y/Y) beats by $22.92M.
Wow they totally spanked it!
https://seekingalpha.com/pr/16990139-mercadolibre-inc-report…
https://seekingalpha.com/article/4119919-mercadolibre-meli-q…
Neogen (NEOG):-
Q1 EPS of $0.31 in-line.
Revenue of $95.26M (+13.9% Y/Y) beats by $0.49M.
Beat and meet. Some leverage coming through but priced to perfection
https://seekingalpha.com/pr/16944601-neogen-reports-21-perce…
https://seekingalpha.com/article/4108122-neogens-neog-ceo-jo…
NetFlix (NFLX):-
Q3 EPS of $0.29 misses by $0.03.
Revenue of $2.99B (+30.6% Y/Y) beats by $20M.
An insane P/E of over 200 with only a 30% growth rate? Hmmm - I never got this FANG.
https://seekingalpha.com/pr/16969657-netflix-releases-third-…
https://seekingalpha.com/article/4113882-netflixs-nflx-ceo-r…
Paycom (PAYC):-
Q3 EPS of $0.29 beats by $0.10.
Revenue of $101.3M (+31.0% Y/Y) beats by $0.88M.
Ok glad I kept some of my stake. Top line growth not deteriorating further and bottom line really piling on the leveraged gains.
https://seekingalpha.com/pr/16985916-paycom-software-inc-rep…
https://seekingalpha.com/article/4118877-paycom-softwares-pa…
Qualys (QLYS):-
Q3 EPS of $0.31 beats by $0.09.
Revenue of $59.49M (+16.7% Y/Y) beats by $0.88M.
Beat and raise - better than expected. Scheisser - I shouldn’t have sold. They are good at communicating their value proposition!
https://seekingalpha.com/pr/16985963-qualys-announces-third-…
https://seekingalpha.com/article/4119157-qualys-qlys-q3-2017…
Sierra Wireless (SWIR):-
Q3 EPS of $0.23 beats by $0.02.
Revenue of $173.2M (+12.8% Y/Y) beats by $2.98M.
Growth re-accelerating slowly but surely. Needs to pick it up.
https://seekingalpha.com/pr/16990175-sierra-wireless-reports…
https://seekingalpha.com/article/4119897-sierra-wireless-swi…
Shopify (SHOP):-
Q3 EPS of $0.05 beats by $0.06.
Revenue of $171.5M (+72.2% Y/Y) beats by $5.87M.
Great - we are profitable now! Top line growth dipping more than I would like to see. No mention of merchant counts and progress there beyond the 500k etc. Concerns over churn remain.
https://seekingalpha.com/pr/16984803-shopify-announces-third…
https://seekingalpha.com/article/4118742-shopifys-shop-ceo-t…
TelaDoc (TDOC):-
Q3 EPS of -$0.55 misses by $0.02.
Revenue of $68.65M (+112.0% Y/Y) beats by $1.07M.
Revs doing well but earnings going the wrong way.
https://seekingalpha.com/pr/16987859-teladoc-announces-third…
https://seekingalpha.com/article/4119384-teladocs-tdoc-ceo-j…