I’ve added F5 Networks to the TradingWithCody Watch List (see it at: https://twc.scutify.com/members/stocklist.html) and I’m trying to decide between it and Palo Alto Networks. Doing some homework on both, and will probably look at to add one of the two next week when I finish making some calls and researching them further. Let you know if and when, of course.
On the other hand, there’s CyberArk, which is also in the networking/app security business and one that’s growing very fast. But Cyberark’s management just killed any interest I might have had in looking at it along with FFIV and PANW.
$CYBR pulled a $GPRO — doing a secondary for their shareholders but not for themselves. I like buying companies that do secondaries when their stocks are thru the roof…but only if the company actually gets the money from the secondary to bolster the balance sheet: “All of the shares are being sold by CyberArk’s shareholders. The Company will not receive any proceeds from the sale of these shares.”
Speaking of GoPro…Is $GPRO busted? Is it at least buy-able for a contrarian short-term countertrend bounce? I don’t think so, personally. Why not just stick with $AMBA which supplies GoPro with their HD chipsets for the wearable cameras…along with supplying GoPro’s competitors, including Huawei. Not sure I’d want to plow into$AMBA all at once here, but I’ve owned it since the low $20s and plan to own it until/unless it stumbles or trends change.
Meanwhile, Intel warned this morning and the stock is back down to where it was when I nibbled on it earlier this week. I’m not adding again yet, but I probably would look to buy another tranche if INTC falls into the high $20s.
“Intel Slashes Revenue Outlook, Noting Lower Demand For Desktop Computers. Intel lowered its first quarter revenue outlook on Thursday, saying demand is weaker than expected for business desktop computers and invent…” $INTC