CrowdStrike Holdings (CRWD)

He bought this in early March at $126 and sold it today at $147. It's the least profitable cybersecurity stock and he's a little troubled by the rising move in interest rates, not peaking as he expected. So stocks like Crowdstrike will be challenged. This is a valuation trade, and he will buy Palo Alto and/or Fortinet at a lower price (they have lower valuations). Ring the register and take profits. Fortinet generates strong free cash flow, and also scores well in ROE and debt-to-equity. Maybe not a super balance sheet, but they have the flexibility to do the things they want, because they have profits today. So, they're less reliant on funding from the debt markets and less effected by rising rates.

They continue to execute. They were doing AI before it was cool. Enterprise spend is not as easy as in past years, but deals will still close just later.

A disappointment, underperforming Fortinet and Palo Alto. This hasn't captured more market share, though it saw a technical breakout a few weeks ago.

Reported a good beat and raised forecast, but shares still fell. A mystery to him. Doesn't see it declining more.

It provides cloud delivered solutions and cloud workload protection which is becoming very important and a very good niche to be in. It was reluctant to provide guidance in the last report. It is capital intensive and spends heavily on sales and marketing.

Don't add if you already own. Tenable Holdings was down 10% yesterday, which signals sector headwinds ahead.

They wracked up huge gains when they peaked in late 2021, then plunged with the sector, bottoming last January after shedding 69% of value. Since then, they have boucned from $92 to $129. Yesterday they delivered a great quarter with beats on every key line and issued better guidance. Are confident about the future. They have never missed sales or earnings estimates, but this is a tricky time for fast-growing cybersecurity stocks.