Earnings Preview: Can Software Save Face This Week?
ER Previews for MDB, OKTA, CRWD, VEEV & SNOW
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Hello everyone,
We start another busy week packed with crucial earnings reports that will play a significant role in determining the fate of the AI investment landscape moving forward. And it starts with software this week.
We wanted to send out a short post informing our readers on what we are doing with our positions on these five cloud software companies that are due to report earnings between today and tomorrow.
These five companies include MongoDB MDB 0.00%↑ and Okta OKTA 0.00%↑that report earnings today after the bell. This will be followed by CrowdStrike CRWD 0.00%↑, Veeva VEEV 0.00%↑ and Snowflake SNOW 0.00%↑, tomorrow after the bell.
Semiconductor heavyweights Nvidia NVDA 0.00%↑ and Marvell MRVL 0.00%↑ report their own Q2s tomorrow and on Thursday, respectively. We have already sent out an ER preview about Nvidia last week for investors. We plan to send out a message thread tomorrow with small updates reinstating what we expect from Nvidia and our views on Marvell tomorrow.
Please note, you can find the updated price targets, conviction scores, ratings, and thesis progression on all these stocks on the AI Stock Rec Tracker. (with the exception of Snowflake which will be added after its earnings report)
With that said, let’s get right into it. 👇