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TechStock Radar
E-mail: Rob@techstockprospector.com
Technorati
December 2018
Archives
 
Friday, December 7, 2018, 10:09 AM — by Rob DeFrancesco, TechStock Radar
Chart Watch: Arista

After finding short-term support at the $210 level, shares of Arista Networks (ANET, $239.65) have rallied to retake the 50-day moving average at $237.16. 


There’s short-term resistance at $249. A close above the $250 level would take out the downtrend line from the August high.


The 200-day moving average is trending sideways from $260.57.

 
Friday, December 7, 2018, 10:02 AM — 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 2018 issue:

*The upcoming 5G revolution
*3 key vendors in the 5G cycle
*More content gains for Skyworks
*Apple looks to change the narrative
*A productivity boost for New Relic
*Improved fundamentals at Cornerstone
*Tableau delivers solid Q3 numbers
*Tech Focus: Cloud data lakes
*Talend stumbles on its cloud transition
*New products are powering HubSpot

*Accelerated revenue growth at Alteryx
*Anaplan champions connected planning
*Trend Watch: Open-source software M&A
*Why some smart investors like Cloudera
*The next big upgrade cycle in networking
*Arista makes some smart acquisitions
*Salesforce leads digital transformations
*Cloud security drives growth at Akamai
*Proofpoint benefits from emerging products
*Deal Report: Elastic IPO

 
Friday, December 7, 2018, 9:45 AM — by Rob DeFrancesco, TechStock Radar
Chart Watch: Talend

Following a sharp pullback in November, Talend (TLND, $39.87) shares are starting to show some buying interest. 


The stock has rebounded 22% off of its November 20 low of $32.66. There’s short-term resistance at $42.70.

 
Thursday, December 6, 2018, 12:12 PM — by Rob DeFrancesco, TechStock Radar
A New High for Elastic

Shares of Elastic (ESTC, $77.60), an enterprise-search provider, today are rallying 7% after the company last night delivered FQ2 (Oct.) revenue growth of 72%. 


In Elastic’s first quarterly report as a public company, revenue topped the consensus by 12.5%. Calculated billings of $88.5 million were up 73%. Deferred revenue jumped 78%.


Elastic added more than 800 new customers, bringing the total count to 6,300+.


For FY’19 (April), revenue guidance of $254 million to $258 million (growth of 60% at the midpoint) topped the consensus of $237 million.


The stock today hit a new post-IPO high at $77.91. Elastic went public in October 2018 at $36 a share, with an opening trade at $70.


For more on Elastic, see the November 2018 issue of Tech-Stock Prospector (TSP #201).

 
Thursday, December 6, 2018, 9:42 AM — by Rob DeFrancesco, TechStock Radar
JP Morgan Bullish on Cisco

JP Morgan adds Cisco Systems (CSCO, $46.84) to its Analyst Focus List as a value play. The price target is $59.


Cisco is now the firm’s top pick in networking equipment/IT hardware based on its accelerating product momentum and secular transformation to software & recurring revenue. 

 
Tuesday, December 4, 2018, 10:09 AM — by Rob DeFrancesco, TechStock Radar
A New High for Workday

Shares of Workday (WDAY, $172.12) this morning are showing relative strength, hitting a new all-time high at $172.34.


Workday has been a core cloud-software holding in the Tech-Stock Prospector Vulture Portfolio since April 2014, added when the stock was trading at $74.25.

 
Tuesday, December 4, 2018, 9:24 AM — by Rob DeFrancesco, TechStock Radar
HSBC Downgrades Apple

HSBC downgrades Apple (AAPL, $184.82) to ‘Hold’ with a price target of $200, saying it believes growth in the core iPhone business is set to “slow dramatically.”


Apple’s revenue growth will decelerate amid longer smartphone replacement cycles and penetration saturation in core markets, says the firm.


With HSBC now “less enthusiastic” about Apple’s ability to make significant headway in emerging markets such as India, the firm argues that the “lion’s share of future revenue (products and services) will be dependent on the current installed base, which is unlikely to grow materially.”

 
Monday, December 3, 2018, 10:12 AM — by Rob DeFrancesco, TechStock Radar
Chart Watch: Facebook

Facebook (FB, $142.40) shares are in rally mode, recovering from the November low of $126.85. 


There’s short-term resistance at $145.60. The 50-day moving average is trending downward from $149.87.


A move above ~$153 is needed to break the downtrend line from the early August high.

 
Monday, December 3, 2018, 9:24 AM — by Rob DeFrancesco, TechStock Radar
Broadcom Upgraded by B. Riley FBR

B. Riley FBR upgrades Broadcom (AVGO, $237.41) to ‘Buy’ and raises its price target to $300 from $250 based on updated 2019 & 2020 earnings estimates to reflect accretion from the CA Technologies acquisition. 


Broadcom shares have bounced back from the late October low of $208.23. There’s short-term resistance at $241.10 and $242.60.

   
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