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Natcore Technology Inc. (NXT)
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Elastic N.V. (ESTC)
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Axon Enterprise Inc. (AXON)
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Vertiv Holdings LLC Class A (VRT)
Q: Good afternoon, Just wondering if your conviction for Elastic N.V. is still as high as it was several weeks ago? Since the drop following the recent earnings report, ESTC hasn't really participated much in any of the tech rallies. I'm down about 11% and wondering if I should be patient, or consider selling and adding to other high conviction picks already owned, such as NXT, VRT or AXON? Thanks. Brad
5i Research Answer:
We still have faith in ESTC. As it shifts to a profit this year it may get more attention, and at least 20%+ growth is expected next year. We do like the others mentioned. We would be fine holding, but also we do like the others noted here as well. We would prefer diversification over adding more to another.
Authors of this answer, directors, partners and/or officers of 5i Research and/or affiliated companies have a financial or other interest in ESTC, AXON, VRT.