1/ $ASAN's Results (-16% What happened?):
Let's begin w/ positives:
• Current Q3, 70% YoY growth
• 50k Customer growth was 132% (highest since 2020)
• 5k & 50k Customers are sticky, spending more: DBNRR of 130% and 145% respectively to last Qtr
Where were the negatives? 1/6
Let's begin w/ positives:
• Current Q3, 70% YoY growth
• 50k Customer growth was 132% (highest since 2020)
• 5k & 50k Customers are sticky, spending more: DBNRR of 130% and 145% respectively to last Qtr
Where were the negatives? 1/6
2/ Reason the stock is down:
• Revenue of 70% YoY, slight deceleration
• Q4 Guide: 54% YoY, 5% sequential slowdown from 12% QoQ from Q1-Q2
• FY Guide: 64%, light
• FCF: -29% & high S&M/Operating exps remaining the same
+ This is unacceptable when yu trade for EV/S of 60+ :(
• Revenue of 70% YoY, slight deceleration
• Q4 Guide: 54% YoY, 5% sequential slowdown from 12% QoQ from Q1-Q2
• FY Guide: 64%, light
• FCF: -29% & high S&M/Operating exps remaining the same
+ This is unacceptable when yu trade for EV/S of 60+ :(
3/ $ASAN: It turns out this indicator in my thread came true.
Enterprise customers were more likely to Decrease their spending on $ASAN over the next couple of months which is why $ASAN likely had a slow guide.
Enterprise customers were more likely to Decrease their spending on $ASAN over the next couple of months which is why $ASAN likely had a slow guide.
https://twitter.com/InvestiAnalyst/status/1462249669648470016?s=20
4/ IMO, It's key to pay attention to $ASAN's result relative to $MNDY future.
I smell the competitive nature and low product moat beginning to affect each player, despite $MNDY superior metrics
Disclosure: I've positioned sized appropriately in $MNDY to make it a tiny position.
I smell the competitive nature and low product moat beginning to affect each player, despite $MNDY superior metrics
Disclosure: I've positioned sized appropriately in $MNDY to make it a tiny position.
5/ The quarter was good, but in an environment where the Fed is about to taper. The market demands perfection.
I think the stock would be interesting and good for consideration around $55-$65.
@BlaineCapital has a great breakdown below on
I think the stock would be interesting and good for consideration around $55-$65.
@BlaineCapital has a great breakdown below on
https://twitter.com/BlaineCapital/status/1466567830959185923?s=20
6/6:
They are all phenomenal companies that can provide great future returns *at a lower price due to low product moat
I've written and talked about both companies recently, so I thought it was important to provide my followers with an updated view. Ty!
They are all phenomenal companies that can provide great future returns *at a lower price due to low product moat
I've written and talked about both companies recently, so I thought it was important to provide my followers with an updated view. Ty!
https://twitter.com/InvestiAnalyst/status/1465676487621849091?s=20
• • •
Missing some Tweet in this thread? You can try to
force a refresh
