sector coverage
Information Technology research
Information Technology coverage collects dated research on business quality, return drivers, balance-sheet resilience, and what the market is paying for.
25 editions linked in this hub.
Coverage
- 29 Aug 2026Elastic's 19% rally outran a $24 million GAAP operating lossElastic N.V. (NYSE:ESTC) rallied 19.3% after cRPO accelerated. The filed economics show how much cash conversion the new price assumes.
- 29 Aug 2026Marvell fell 10.3% because Google's $120 billion ceiling starts smallMarvell Technology, Inc. (NASDAQ:MRVL) fell 10.3% despite a raised outlook. The Google warrant shows why its $190 billion value demands fiscal 2029 cash.
- 28 Aug 2026Dicker Data's A$2.1 billion half leaves H2 near a 3.4% marginDicker Data (ASX:DDR) jumped 20.7% after H1 profit rose 54%; FY26 guidance implies the next half's PBT margin slips near 3.4%.
- 28 Aug 2026Salesforce borrowed $25 billion to retire 103 million sharesSalesforce, Inc. (NYSE:CRM) rose 22.6% after Q2 bookings accelerated; the balance sheet shows what its 103 million-share buyback cost.
- 28 Aug 2026CrowdStrike's $377 million cash flow trailed $399 million of stock payCrowdStrike Holdings (NASDAQ:CRWD) jumped 20.5% on record net-new ARR; owner cash must now support a $39.5 billion rerating.
- 28 Aug 2026GFT gained €89 million on a Deutsche Bank contract with no priceGFT Technologies SE (XETRA:GFT) jumped 15.1% after Deutsche Bank named it for a core-banking overhaul. The missing contract economics decide whether the move holds up.
- 27 Aug 2026OVHcloud lost its CFO with a €32 million owner-cash gap still openOVH GROUPE (EURONEXT-PARIS:OVH) fell 13.6% after its CFO resigned. Five years of filings show whether the €336m reaction fits the cash burden.
- 26 Aug 2026Mailchimp is the zero-growth line inside Intuit's FY2027 slowdownIntuit (NASDAQ:INTU) fell 10.2% after hours as FY2027 growth slowed to 9%-10%; Mailchimp's stalled revenue tests whether the reset is deep enough.
- 24 Aug 2026Nuix's 34% leap prices Neo before FY27 spends another A$15mNuix Limited (ASX:NXL) rose 34.4% after FY26 results. Neo's migration economics and another A$15m of FY27 R&D decide whether the rerating lasts.
- 23 Aug 2026OSI Systems' record cash flow rested on $99 million of receivables unwindingOSI SYSTEMS INC (NASDAQ:OSIS) fell 5.2% after FY2026 results. A $99 million receivables release separates reported cash from repeatable owner earnings.
- 20 Aug 2026Hansen's FY27 margin reset erased A$184 million in one sessionHansen Technologies (ASX:HSN) fell 21.2 per cent after FY26 results. Recurring growth now has one year to refill a five-point margin gap.
- 20 Aug 2026The ACCC made WiseTech sell a rival in January. Now it wants the filesWiseTech Global (ASX:WTC) fell 8.7 per cent on an ACCC search warrant, seven months after the regulator forced a divestment. Returns must still clear the debt.
- 16 Aug 2026Cisco booked $9.3 billion of AI infrastructure orders as inventory absorbed $2.5 billion of cashCisco Systems (NASDAQ:CSCO) lost 9.8% in two sessions after record FY2026 revenue. Flat operating cash defines the AI conversion gap.
- 15 Aug 2026Eight customers carry Sandisk's 80% gross-margin claim through the next NAND downturnSandisk Corp (NASDAQ:SNDK) rose 7.39% after mapping an 80% gross margin. Contracts cover two-thirds of FY2028 bits, but guarantees cover 18% of RPO.
- 14 Aug 2026Globant's client ledger lost 77 names while revenue stood stillGlobant S.A. (NYSE:GLOB) fell 13.39% after hours after flat Q2 revenue. The test is whether AI revenue can outrun client attrition.
- 13 Aug 2026Nebius's 34% rally rests on 22-month payback, not 454% revenue growthNebius Group (NASDAQ:NBIS) jumped 34.1% after Q2 results. The evidence shifts the question from demand to returns on an $8.1 billion build.
- 13 Aug 2026Inventory, not demand, now decides whether Bechtle's upgrade converts to cashBechtle AG (XETRA:BC8) fell 3.78% after upgrading its 2026 forecast. The test is whether a €227m inventory build becomes owner cash.
- 11 Aug 2026Life360 cleared 100 million users. The market wanted cleaner cash.Life360 (ASX:360) fell 19.4% after record Q2 revenue and an 18% Q3 margin outlook. We test whether growth is becoming owner cash.
- 10 Aug 2026SpaceX picked Nvidia. Its US$5.4 trillion valuation still depends on broad, durable demandNvidia (NASDAQ:NVDA) gained 11.6% in a week as SpaceX committed to its GPUs. We test the demand, cash flow and concentration embedded in US$223.96.
- 9 Aug 2026Apple's moat is widening in the accounts and narrowing in the courtsApple Inc. (NASDAQ:AAPL) has lifted product and Services margins, but its US$4.57 trillion valuation leaves little room for AI and platform costs.
- 30 July 2026Appen's quarterly pop prices AI-data growth before margin proofAppen Limited (ASX:APX) jumped after Q2 FY26 revenue and EBITDA improved; the question is whether China-led AI data demand can fund margins.
- 22 July 2026Xero's software selloff puts growth duration before Melio synergiesXero (ASX:XRO) fell in early trade; the test is whether software-duration risk now outweighs its Melio payment option.
- 9 July 2026Megaport's entitlement-offer rally puts funded growth back on trialMegaport (ASX:MP1) jumped after completing its retail entitlement offer. The test is whether funded network growth can earn the higher price.
- 7 July 2026WiseTech's relief rally still has to carry e2open's debtWiseTech Global (ASX:WTC) jumped about 9% as software risk eased; the test is whether CargoWise returns can absorb e2open debt.
- 2 July 2026NEXTDC's data-centre selloff tests how much AI demand can outrun capexNEXTDC (ASX:NXT) fell about 4.6% intraday. We test whether AI data-centre demand offsets capex, debt and valuation duration.