5/30/24 - $zs - want to own more, but this tape says careful V5/30/24 - vrockstar - NASDAQ:ZS - genuinely pains me to not be super bull into this q - i have a peanut position b/c it's a core compounder for me, but it's small. i've seen all the B2B/ cyber pitches this quarter and NASDAQ:ZS and NYSE:S are today... and if we're playing the odds fam, it's almost hard to see how this sticks and runs at >10x sales, LSD fcf % generation (and a lot of stock comp). the cap isn't small either ( NYSE:S is smaller).
love the founder. best in biz. love the product. probably a top 3 cyber ( NASDAQ:PANW , NASDAQ:CYBR , NASDAQ:CRWD , NYSE:NET , NYSE:S - probably in that order)... but let's be clear, these valuations are simply NOT sticking in this rates paradigm. they should given what rates actually represent (GTFO USD...) but that's the alpha and the patience that come into the equation.
SO in a nutshell. i'm setup to be happy if they beat - will have a small position to decide how to manage - a beat and stock down - great - will figure out how to size up either in print or in coming q (depending on what the reaction is). if it's a miss - let's readdress in the comments. will be listening to the call.
stay solvent. stay safe. have fun. leave any comments below if you'd like contribute to this POV
-V
oh. here's the trends on searches that tbh look stellar, but it's not consumer, it's B2B - so take it for what it's worth, perhaps these are more of a leading indicator than not/ and also let's see how mgmt communicates 2H etc.
trends.google.com
