Morsa Images/DigitalVision via Getty Images Investment action I had a hold rating for Doximity Inc. ( DOCS ) previously, as I thought the setup was unattractive given the high valuation and poor guidance. Looking at the business today, the core business is profitable and engagement metrics are strong, but near-term visibility has gotten murkier, and the cleanest demand signal, NRR, has seen a shar...
Morsa Images/DigitalVision via Getty Images Investment action I had a hold rating for Doximity Inc. ( DOCS ) previously, as I thought the setup was unattractive given the high valuation and poor guidance. Looking at the business today, the core business is profitable and engagement metrics are strong, but near-term visibility has gotten murkier, and the cleanest demand signal, NRR, has seen a sharp drop. For me, this is a business that needs to prove it can grow; if not, multiples could see more compression. Q3 2026 earnings review DOCS reported revenue growth of 10% y/y, driving total revenue to $185.1 million, with subscription revenue of ~$175 million and other revenue of ~$9 million. Other notable metrics include average revenue per existing Marketing Solutions customer increasing by about 7%, and within the subscription revenue growth, the majority came from new subscription customers (contributed $7.1 million in revenue). Profitability metrics look really good. GAAP gross margin stayed in the ~90% range, with adj. EBITDA margin was flat at ~60% too (adj. EBITDA saw $111.4 million). Cash flow was also strong. Operating cash flow was $60.9 million, and free cash flow was $58.5 million. The good There are two reasons why I am not downgrading DOCS to a sell. First of all, engagement keeps building, and it’s showing up in the areas that DOCS can tie directly to monetization. For perspective, workflow tools were used by 720,000 unique prescribers in Q3 2026, a record sequential increase, and the newsfeed stayed above 1 million quarterly active prescribers. These are huge numbers that suggest DOCS is still maintaining a strong presence at the top of the funnel. AI products were also used by more than 300,000 unique prescribers. The implications of these stats are positive. For the newsfeed, staying above 1 million quarterly active prescribers matters because pharma and advertisers follow where doctors spend time. For the workflow usage, 720,000 users suggest doctors ...
It added that it takes "all reports of rape extremely seriously and does everything it can to support victims of rape" and had also "invested more resources into rape allegations".
It added that it takes "all reports of rape extremely seriously and does everything it can to support victims of rape" and had also "invested more resources into rape allegations".
Michael Vi/iStock Editorial via Getty Images I assigned a buy rating to Palo Alto Networks ( PANW ) when I last discussed the stock on November 14, 2024. My thesis for the stock was the company's shift from its pre-2018 hardware-centric, on-premises Next-Generation Firewall (NGFW) business model to a focus on cloud-based software and a platformization business model. One misconception that some in...
Michael Vi/iStock Editorial via Getty Images I assigned a buy rating to Palo Alto Networks ( PANW ) when I last discussed the stock on November 14, 2024. My thesis for the stock was the company's shift from its pre-2018 hardware-centric, on-premises Next-Generation Firewall (NGFW) business model to a focus on cloud-based software and a platformization business model. One misconception that some investors make is that Palo Alto has always been a hardware company, but that is not quite true. The company simply used its hardware as a channel to license its security software. The company hired Nikesh Arora as Chairman and Chief Executive Officer ("CEO") on June 6, 2018, who proceeded to change the business model from a hardware-led licensing model to a cloud-based subscription model that consolidates multiple third-party point security products into one of three Palo Alto platforms: Strata, Prisma, and Cortex. Strata protects customers through Next-Generation Firewalls (NGFWs) and cloud-based network security services. Prisma is a suite of tools that security professionals refer to as a Cloud-Native Application Protection Platform (CNAPP), designed to protect customers' cloud-based applications and infrastructure. Cortex is an artificial Intelligence ("AI") powered Security Operations (SecOps) platform intended to protect endpoints, networks, and cloud environments. Over the last several years, enterprises have been moving away from using multiple best-of-breed vendors and toward tools consolidated on a single platform. There are several reasons enterprises prefer platforms, especially in security. First, enterprises using disparate third-party tools quickly find that making all the third-party tools work together has major challenges and requires a competent Information Technology ("IT") team to build custom communication connections between tools. In the cybersecurity industry, which requires rapid incident response, a patchwork of third-party tools may not detect thr...
格隆汇2月12日｜美国玩具零售商孩之宝CEO Chris Cocks表示，公司将更加专注于电子游戏和集换式卡牌游戏《Magic: The Gathering》(《魔法风云会》)，以减少公司因传统玩具而面临的关税风险。他补充称，公司正在开发约10款电子游戏，预期未来孩之宝高达80%的业务和95%的投资将集中在收藏/游戏化业务领域。
格隆汇2月12日｜美国玩具零售商孩之宝CEO Chris Cocks表示，公司将更加专注于电子游戏和集换式卡牌游戏《Magic: The Gathering》(《魔法风云会》)，以减少公司因传统玩具而面临的关税风险。他补充称，公司正在开发约10款电子游戏，预期未来孩之宝高达80%的业务和95%的投资将集中在收藏/游戏化业务领域。