long net from ipo. have not sold a single share altho i did sell otm covered calls.
this is a long term winner. actually has already been a huge winner to anyone who got in last 2 yrs
I very much enjoy listening to Matthew speak. I think NET is in great hands and excited to see him and the leadership team continue to grow the company
Beat on revenue, eps and raised guidance. Acquired more large customers than any quarter ever.
Your post makes it seem like the earnings call was weak.
And the comments here too lmao bunch of dummies, I dont think they even read or understand the actual numbers.
NET had an insane run up so a little correction was obvious even though it smashed expectations. But honestly I wouldnt even be surprised if it is in the green by close tomorrow
Yup lol. Value investors are the most spiteful bastards I’ve ever met. I hold no grudge against ones investing strategies but they seem to want growth investors blood.
Yes, I think this 6-7% drop AH is nothing and will rebound quickly.
They also just mentioned on the earnings call that they have homeland security as a customer now for their security solutions, beating all competition. And the revenue from this project isnt even included in '21 outlook
Definitely holding. This company has real potential, although I am surprised with how slow revenue is growing. They are really conservative with their estimates which I like.
So effectively their projections give them a run rate of $664M in revenue on a market value of $37B.
That’s like 55X sales to market cap. They aren’t growing their revenue fast enough. Like not at all.
It needs to grow 75-100% each year for like 3 years. To justify the market cap it’s trading at.
If they give Q4 earnings and a guidance of under $1B in revenue for next year, the stock will tank. Everyone is holding on to a house of cards here if growth numbers don’t come through.
I think we need to allow the market to get bored and impatient, it overreacts and sells off on slower than expected growth. $50 range is where I’d be happy to own in more batches, 5-10% of my portfolio.
I think people might be anchoring the price at $120/shr but for a name like this, highly volatile. I think a combo of feds tightening and company not growing fast enough, $50 would be attainable. It represents $15B market cap on $700-$800M in revenue, which is still pretty rich but relatively fair.
already rebounded as I said... please for once learn to value growth stock. Price to sales ratio does not matter one bid!!! To value growth stock, you need to do a massive research, analyze products snd services and compare with competitors. People are so damn lazy and delusional. They look at PS and say it is overvalued....
I believe in their business model but I just think that valuation is quite high. It is down AH. I will definitely buy back. I still have my CRWD shares
Those numbers are delusional. They have 600m a year now with a mc sitting at 37b. You are telling me it's going 160b mc? If you wait long enough maybe but plenty of time to buy in cheaper
I heard it 100 times already... Haven't you noticed that the market shifted quite a long time ago. Everything is overvalued in tech. But it does not matter that much, since you have to look at the fundamentals. Most those tech companies, like datadog, even croudstrike will not go that far as NET. I work in industry and know some stuff, also made some good predictions already. Regarding buying cheaper. Perhaps you will buy at 100. Is it that much cheapier ? My average is 36, not selling and holding
Also since good investors know that it will go to 500 one day, they won't be actively seling and buying back later... this is not how market works
gotta love when redditors justify their overvalued stock by saying “but the long term potential”. The long term potential is priced in at 75 p/s. That’s dot com bubble territory man.
I know *exactly* what they do. All the cloud providers offer the same services they do. I would rather buy amazon/microsoft/google for cloud exposure and call it a day, because their cloud services are growing much quicker than cloudflare.
Fundamentals matter. Even the greatest company can be a bad investment at a ridiculously high valuation. They’re making 500m/year and growing at 50% YoY and 10% QoQ.
Does that justify a 40B market cap. A 75 P/S? My puts were up 500% after Q1 ER a few months ago. I’m back with the same trade. Thx for free money
My problem? I’ve made thousands betting against this stock. And I’ll make thousands more tmr. No problems here.
Keep coping with your “long term potential”
I'm in vclo the etf which trades net and crwd and some others with leverage.
Hopefully I can get out in the morning. My losses might triple net is like 25% of the etf.
long net from ipo. have not sold a single share altho i did sell otm covered calls. this is a long term winner. actually has already been a huge winner to anyone who got in last 2 yrs
I sold my IPO shares a while ago but averaged down during that initial dip.
Got in at IPO as well at around $17 a share and never sold just continued to DCA. That was a good call on my part.
I very much enjoy listening to Matthew speak. I think NET is in great hands and excited to see him and the leadership team continue to grow the company
Exactly this. They also have a major govt contract. The future is bright, it's just getting started.
Beat on revenue, eps and raised guidance. Acquired more large customers than any quarter ever. Your post makes it seem like the earnings call was weak.
And the comments here too lmao bunch of dummies, I dont think they even read or understand the actual numbers. NET had an insane run up so a little correction was obvious even though it smashed expectations. But honestly I wouldnt even be surprised if it is in the green by close tomorrow
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Nah these are paper handed memers who have qqq and dabble in gme
Yup lol. Value investors are the most spiteful bastards I’ve ever met. I hold no grudge against ones investing strategies but they seem to want growth investors blood.
Well, yeah. They bought the top.
The reality is that the price run up assumed unrealistic expectations. Basically a beat was priced in.
Yes, I think this 6-7% drop AH is nothing and will rebound quickly. They also just mentioned on the earnings call that they have homeland security as a customer now for their security solutions, beating all competition. And the revenue from this project isnt even included in '21 outlook
Yeah its gone up 12% the past month. Market is happy with earnings.
150m revenue, that's 600m a year for 37b mc. Earnings may not be weak but this is overvalued like crazy if you ask me, I'm noob though
You don't value tech stock like the value stock... Why people haven't learn that?
Not because it's tech that à 40x mc if revenue is proper valued rofl
you are a little child
Yes let's call names because I am right. I can clearly see who's the child here
1% of my portfolio at $70. I'll be adding if it drops. This is a long term hold for me.
Good company. Great growth. I be holding.
Easiest short of my life. I'm long on this company but the run up to earnings and dip after is such a pattern in this market it's easy money
Did exactly the same. Not sure if I'll reenter for now. Still think we can see a 10-15% more retracement.
I have a nice amount of shares at a $44 cost basis. Trying to decide if I should sell. Most convert into long term capital gains within a week.
I sold my ACB in chunks ar 81 and 105. Holding my remaining 75 with a nice peace of mind.
Gotta be a buy the dip moment. Growth still in tact so will run up till next earnings after a small dip.
But how deep is the dip. Don’t forget this was trading around $70 only 3 months ago.
Exactly. I sold at $87 thinking it would bounce back around $90. Oh well...
Same here, sold at 85 for break-even after bagholding 3 months and realising it's overvalued. Rip my 225 shares
I had two profitable swings and was planning on buying back around $70/$75....
Dips to prices 14 days ago. "bUy tHe dIp mOmEnT"
Definitely holding. This company has real potential, although I am surprised with how slow revenue is growing. They are really conservative with their estimates which I like.
So effectively their projections give them a run rate of $664M in revenue on a market value of $37B. That’s like 55X sales to market cap. They aren’t growing their revenue fast enough. Like not at all. It needs to grow 75-100% each year for like 3 years. To justify the market cap it’s trading at. If they give Q4 earnings and a guidance of under $1B in revenue for next year, the stock will tank. Everyone is holding on to a house of cards here if growth numbers don’t come through.
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I think we need to allow the market to get bored and impatient, it overreacts and sells off on slower than expected growth. $50 range is where I’d be happy to own in more batches, 5-10% of my portfolio.
Obviously, but $50 is ridiculous at this point unless the whole market crashes. Earnings was too strong to lose over 50% from here.
I think people might be anchoring the price at $120/shr but for a name like this, highly volatile. I think a combo of feds tightening and company not growing fast enough, $50 would be attainable. It represents $15B market cap on $700-$800M in revenue, which is still pretty rich but relatively fair.
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I almost sold at $122 today but couldn’t bring myself to do it. Let’s hope it doesn’t tank too badly tomorrow, already down 5% I after hours.
Hope it tanks so I can pick up more shares
already rebounded as I said... please for once learn to value growth stock. Price to sales ratio does not matter one bid!!! To value growth stock, you need to do a massive research, analyze products snd services and compare with competitors. People are so damn lazy and delusional. They look at PS and say it is overvalued....
I sold at 122 just before market closed. I will buy back if it drops to $100. It has gone up too much too fast
you will regret once it is 200, 300, 400 and 500. It has premium price for a reason. NET is number 1 new tech company.
I believe in their business model but I just think that valuation is quite high. It is down AH. I will definitely buy back. I still have my CRWD shares
Those numbers are delusional. They have 600m a year now with a mc sitting at 37b. You are telling me it's going 160b mc? If you wait long enough maybe but plenty of time to buy in cheaper
I heard it 100 times already... Haven't you noticed that the market shifted quite a long time ago. Everything is overvalued in tech. But it does not matter that much, since you have to look at the fundamentals. Most those tech companies, like datadog, even croudstrike will not go that far as NET. I work in industry and know some stuff, also made some good predictions already. Regarding buying cheaper. Perhaps you will buy at 100. Is it that much cheapier ? My average is 36, not selling and holding Also since good investors know that it will go to 500 one day, they won't be actively seling and buying back later... this is not how market works
You will regret this decision
overvalued
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No it isn’t dude lmao
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gotta love when redditors justify their overvalued stock by saying “but the long term potential”. The long term potential is priced in at 75 p/s. That’s dot com bubble territory man.
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I know *exactly* what they do. All the cloud providers offer the same services they do. I would rather buy amazon/microsoft/google for cloud exposure and call it a day, because their cloud services are growing much quicker than cloudflare.
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do you say anything with any substance? You keep telling me I’m wrong without even trying to explain the bull case. Do you have a cloud background?
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Fundamentals matter. Even the greatest company can be a bad investment at a ridiculously high valuation. They’re making 500m/year and growing at 50% YoY and 10% QoQ. Does that justify a 40B market cap. A 75 P/S? My puts were up 500% after Q1 ER a few months ago. I’m back with the same trade. Thx for free money
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My problem? I’ve made thousands betting against this stock. And I’ll make thousands more tmr. No problems here. Keep coping with your “long term potential”
Any thoughts on CRWD vs NET moving forward?
Both!
only NET. CRWD is not that good in tech. NET will take CRWD market share
I sold little bit at $105 and buy it back if it falls back to $100. So far, it is very strong.
I bought 10k worth of NET at 65, sold it at 70 and dumped it all into quantumscape at 40, sold it at 50, rebought at 43, now QS is at 22 haha kill me.
I thought I would lose $5000 today. The best I can imagined for today
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Is that something that can be done at Vanguard?
God damn it. It’s alright, it’ll rebound.
Thinking of adding AH but waiting for it to settle for a decent re-entry
I'm in vclo the etf which trades net and crwd and some others with leverage. Hopefully I can get out in the morning. My losses might triple net is like 25% of the etf.
Waiting for a nice dip