Concise Playbook for the Week, Global Markets Playbook

Kevin George

Concise Playbook for the Week

Global Markets Playbook

I am an active trader in stocks, FX and commodities with over 15 years' market experience. I hold a master's degree in finance and have developed a strong skill base in technical analysis. 

Alongside technical setups I will provide earnings analysis, company valuation analysis and macroeconomic studies for the key market releases.

Equity Bottom-Up

<ul>
<li>Splunk is stronger with Q3 earnings and guidance. The company is shadowed by takeover talk.</li>
<li>The company has a strong cloud market make it a buy. The firm is shadowing by takeover talks.</li>
<li>The firm has been in the news for more than two years.</li>
</ul>


Splunk is stronger with Q3 earnings and guidance. The company is shadowed by takeover talk.
The company has a strong cloud market make it a buy. The firm is shadowing by takeover talks.
The firm has been in the news for more than two years.


Splunk Is A Rare Tech Growth Opportunity For 2023

Covering IPOs, Healthcare and Technology Stocks

Andrei Zakharov

Algosun Global

<ul>
<li>We maintain a bullish view on <a href="https://www.smartkarma.com/entities/sumo-logic-inc" target="_blank" data-smartkarma-citation="entities:29265:1" rel="noopener">Sumo Logic Inc (SUMO US)</a>  after the company reported stronger than expected 3QFY23 revenues and management updated its financial guidance for FY23. </li>
<li>We were impressed with subscription revenue growth, strong gross margins, and lower-than-expected operating loss. <a href="https://www.smartkarma.com/entities/sumo-logic-inc" target="_blank" data-smartkarma-citation="entities:29265:1" rel="noopener">Sumo Logic Inc (SUMO US)</a>  increased FY23 revenue guidance to <strong>$298M-$299M</strong>.</li>
<li>Our estimates suggest the company will cross the $300M ARR mark in 2022 and the stock currently trades at a discount to the 20%+ growth peer group.</li>
</ul>


We maintain a bullish view on Sumo Logic Inc (SUMO US)  after the company reported stronger than expected 3QFY23 revenues and management updated its financial guidance for FY23. 
We were impressed with subscription revenue growth, strong gross margins, and lower-than-expected operating loss. Sumo Logic Inc (SUMO US)  increased FY23 revenue guidance to $298M-$299M.
Our estimates suggest the company will cross the $300M ARR mark in 2022 and the stock currently trades at a discount to the 20%+ growth peer group.


Sizable Beat: Sumo Logic Reported Better Than Expected 3QFY23 Results

Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Capital Markets

<ul><li>Splunk delivered strong third-quarter results surpassing Wall Street expectations on all fronts.</li><li>The company increased total revenues by 40% year over year to $930 million and cloud revenues by 54% to $374 million.</li><li>Most of their customers continue to recognize the long-term benefits of moving to the cloud, despite being costly and resource-intensive.</li></ul>

Splunk delivered strong third-quarter results surpassing Wall Street expectations on all fronts.The company increased total revenues by 40% year over year to $930 million and cloud revenues by 54% to $374 million.Most of their customers continue to recognize the long-term benefits of moving to the cloud, despite being costly and resource-intensive.

Splunk Inc: Acquisition of TwinWave Security & Other Drivers

TMT & Consumer Independent Equity Research Analyst, Obex Capital Research

Aaron Gabin

TMT & Consumer Independent Equity Research Analyst

TMT & Consumer Independent Equity Research

Obex Capital Research

“Obex” is Latin for Barriers to Entry. Obex Capital Management’s investment philosophy is driven by an intense focus on which business model’s Barriers to Entry are able to withstand the ever increasing competitive disruption in the TMT and Consumer Sectors.

<ul>
<li>ServiceNow acquired Era Software this week to extend its presence in the observability and log management space.</li>
<li>The deal is most threatening to DT/ESTC (we advocate as longs) and SPLK (short) because of ServiceNow's ability to bundle functionality for larger deals.</li>
<li>That said...the observability space remains one of the hottest in digital transformations, and the deal is on net, more validating than threatening to DT/ESTC.</li>
</ul>


ServiceNow acquired Era Software this week to extend its presence in the observability and log management space.
The deal is most threatening to DT/ESTC (we advocate as longs) and SPLK (short) because of ServiceNow's ability to bundle functionality for larger deals.
That said...the observability space remains one of the hottest in digital transformations, and the deal is on net, more validating than threatening to DT/ESTC.


Observability: ServiceNow Acquisition Threatens Dynatrace and Elastic

<ul><li>Splunk had a robust set of results with a top-line outperformance and it also exceeded the operating margin and earnings expectations for the quarter.</li><li>Positive consumer engagement was seen by the management with robust competitive win rates, good business momentum, and a high net retention rate.</li><li>In spite of the solid top and bottom line, the total ARR and cloud ARR came short of management expectations.</li></ul>

Splunk had a robust set of results with a top-line outperformance and it also exceeded the operating margin and earnings expectations for the quarter.Positive consumer engagement was seen by the management with robust competitive win rates, good business momentum, and a high net retention rate.In spite of the solid top and bottom line, the total ARR and cloud ARR came short of management expectations.

Splunk Inc: Enhancement Of The Partnerverse Program & Other Developments

United States

Splunk Inc. develops web based application software. The Company provides software that collects and analyzes machine data generated by websites, applications, servers, networks, and mobile devices. Splunk serves customers worldwide.

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Splunk Inc (SPLK US)

Splunk Is A Rare Tech Growth Opportunity For 2023

High valuations are now hard to attain, and a company needs to see real organic growth to shake off the bearish market sentiment.

Kevin George

Sizable Beat: Sumo Logic Reported Better Than Expected 3QFY23 Results

Sumo Logic remains our top small-cap pick in US Software. Management provided long-term guidance and disclosed a clear plan to reach profitability...

Andrei Zakharov

Splunk Inc: Acquisition of TwinWave Security & Other Drivers

Splunk delivered strong third-quarter results surpassing Wall Street expectations on all fronts. The company increased total revenues by 40% year...

Baptista Research

Observability: ServiceNow Acquisition Threatens Dynatrace and Elastic

The log management observability TAM has shown itself to be largely recession resistant based on the last two quarter's results for DT/DDOG...

Aaron Gabin

Splunk Inc: Enhancement Of The Partnerverse Program & Other Developments

Splunk had a robust set of results with a top-line outperformance and it also exceeded the operating margin and earnings expectations for the...

Baptista Research

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