Which one will give the superior return? I have a loss on BROS I need a redeeming trade- Big Winner.-> $10 trade? I'm not saying UPATH can't do it. But Cathie Wood....
In a few short words what does Splunk do? Do they have positive cash flow? and what is the debt? Any insider?
TBH, I like Slpunk, but you've seen what earnings do to these things this time around. I like em both really. CSCO too. That's my granny tech. If it hits $39 I'm in.
If we rally back to only down 10% on the S&P Cramer will PUBLICLY call it the Stoney Summer Rally! Watch.
No positive cashflow, a little debt, no insiders. But huge growth. What do they do? I already told you>>> cyber security across enterprise systems. The first sentence is why I said sell by Weds. Too risky to hold over earnings. Will get a bump today if tech runs. If you must hold something.... use PATH. EDIT: Better yet, just go with Cisco. Wait for the low $40's at least because there is no summer rally, only a dead cat bounce.
I think Splunk is one of those tech stocks I have a few that is switching from one thing to cloud. The word from the street- It will take time for the cloud mix-shift to unfold, but Splunk's valuation is "attractive".
It is, and their SaS grew 113% yoy if I recall. My estimate is if it heads north on earnings, $110 will be a minimum, but again, we're in a dcb. So... no way I'd hold over earnings. Plenty of time to get back in later. On PATH and CSCO>>> the damage is done. For the most part. CSCO could see the $39's despite a few recent upgrades post-earnings.
For our international listeners>>> don't let this one get got lost in the flood! CAT and THO could go lower in the interim however.