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TechStock Radar
December 2019
Friday, December 6, 2019, 4:50 PM — by Rob DeFrancesco, TechStock Radar
Latest Issue of TSP Available on Kindle

Download the new issue of Tech-Stock Prospector to your Kindle or Kindle reading app for iOS (iPad & iPhone) and Android. 

Order the latest issue of TSP here.

Here are some of the topics covered in the November 2019 issue:

*Nasdaq Composite hits new high

*Accelerated growth at Alphabet

*Apple gets ready for 5G

*New Relic adds new features

*Arista Networks stumbles

*RingCentral is on a promising path

*Twilio delivers strong Q3 results

*ServiceNow gets a new CEO

*A speedy subscription transition at Varonis

*MongoDB shares get a valuation reset

*Why some smart investors like Five9

*New growth drivers at Salesforce

*Talend tops Q3 expectations

*Deal Report: Forescout

Thursday, December 5, 2019, 5:31 PM — by Rob DeFrancesco, TechStock Radar
Barclays Remains Bullish on Elastic

Barclays thinks shares of Elastic (ESTC, $64.22) look attractive on today’s post-earnings sell-off. 

The stock today dropped 17.8% on very heavy volume in part because of decelerated FQ2 (Oct.) billings growth, hurt by pushed-out (but not lost) U.S. federal deals. Total revenue rose 59%, an acceleration from growth of 58% in FQ1.

For FQ3, Elastic expects revenue of $106 million to $108 million versus the consensus of $105.9 million.

The firm believes Elastic’s long-term growth story remains compelling and views the pullback as a buying opportunity. Barclays trims its ESTC price target to $97 from $105.

Elastic share are now down YTD, having ended 2018 at $71.48. The all-time high of $104.10 was reached in late July.

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