SurveyMonkey Inc. (SVMK) reported revenue of $68.60M for 17% year-over-year growth. Paying users totaled 670.862K compared to 610.457K in Q1 2018, for 10% year-over-year growth, and up 24.135K paying users from Q4 2018, for 4% quarter-over-quarter growth. Approximately 78% of our paying users were on annual plans, up from 75% in Q1 2018 and 77% in Q4 2018. Average revenue per user was $423 compared to $390 in Q1 2018, for 8% year-over-year growth, and down slightly from $425 in Q4 2018. Enterprise sales revenue was approximately 16% of total revenue, up from approximately 13% in Q4 2018. We ended the quarter with 3,909 enterprise sales customers, up from 2,838 in Q1 2018, for 37% year-over-year growth, and an increase of 343 customers from Q4 2018.

GAAP net loss was $17.80M and Adjusted EBITDA was $8.50M. GAAP basic and diluted net loss per share was ($0.14). Non-GAAP basic and diluted net loss per share was ($0.02).  Net cash provided by operating activities was $7.80M and unlevered free cash flow was $7.50M, for an 11% margin.

Cash and cash equivalents was $165.90M and total debt was $216.90M for net debt of $51.00M. Subsequent to Q1 2019, our acquisition of Usabilla resulted in a net cash outlay of approximately $53.0M.

SVMK has a market value of $2.46B while its EPS was booked as $-1.48 in the last 12 months. The stock has 140.16M shares outstanding. In the profitability analysis, the company has gross profit margin of 71.50% while net profit margin was -59.20%. Analyst recommendation for this stock stands at 2.00.

For the three months ended March 31, 2019, Shenandoah Telecommunications Company (SHEN) reported net income of $13.90M, resulting in net income per share of $0.28, compared with $0.13 per share in the first quarter of 2018, reflecting an increase of approximately 115%.

Operating revenue for the first quarter of 2019 was $158.80M, representing a year-over-year increase of 3.1%, driven by strong subscriber growth in the Wireless and Cable segments.

Operating expenses for the three months ended March 31, 2019 were $134.10M, compared with $137.40M for the equivalent quarter in the prior year primarily due to a decline in network costs for the Wireless segment attributable to repricing backhaul circuits and migrating voice traffic from traditional circuit-switched facilities to more cost effective VoIP facilities. The decrease was offset by higher costs for the Cable segment primarily due to our deployment of higher-speed data access packages and infrastructure investments necessary to support its growing cable and fiber networks.

Operating income for the three months ended March 31, 2019 increased 47.9% to $24.80M from $16.80M in the prior year quarter.

Adjusted OIBDA increased 6.3% to $73.00M for the three months ended March 31, 2019, driven by subscriber growth in the Wireless and Cable segments.

SHEN has the market capitalization of $1.56B and its EPS growth ratio for the past five years was 8.70%. The return on assets ratio of the Company was 3.50% while its return on investment ratio stands at 6.40%. Price to sales ratio was 2.45 while 51.80% of the stock was owned by institutional investors.

RADCOM Ltd. (RDCM) reported a first-quarter loss of $3.10M, after reporting a profit in the same period a year earlier. The Tel Aviv, Israel-based Company said it had a loss of 23 cents per share. Losses, adjusted for stock option expense, came to 20 cents per share. The monitoring service for the communications industry posted revenue of $6.0M in the period.

Non-GAAP Net Income (loss): Non-GAAP net loss for the period was $2.70M, or $0.20 per diluted share, compared to non-GAAP net income of $1.00M, or $0.07 per diluted share for the first quarter of 2018.

Balance sheet: As of March 31, 2019, the Company had cash and cash equivalents and short-term bank deposits of $56.80M and no debt.

RDCM has a market value of $133.41M while its EPS was booked as $-0.55 in the last 12 months. The stock has 13.53M shares outstanding. In the profitability analysis, the company has gross profit margin of 73.80% while net profit margin was -27.90%. Beta value of the company was 0.22; beta is used to measure riskiness of the security. Analyst recommendation for this stock stands at 2.00.

Pure Storage (PSTG) reported a loss of $100.30M in its fiscal first quarter. The Mountain View, California-based company said it had a loss of 41 cents per share. Losses, adjusted for stock option expense and amortization costs, came to 11 cents per share. The results fell short of Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for a loss of 8 cents per share.

The data storage company posted revenue of $326.70M in the period, also missing Street forecasts. Eight analysts surveyed by Zacks expected $333.80M. For the current quarter ending in August, Pure Storage said it expects revenue in the range of $389.0M to $401.0M. The company expects full-year revenue in the range of $1.70B to $1.77B.

The Company offered net profit margin of -14.50% while its gross profit margin was 66.80%. ROE was recorded as -30.20% while beta factor was 1.73. The stock, as of recent close, has shown the weekly upbeat performance of 6.60% which was maintained at 8.46% in this year.

For the quarter, Qualys, Inc. (NASDAQ: QLYS) reported revenues of $75.30M, net income under United States Generally Accepted Accounting Principles (“GAAP”) of $13.30M, non-GAAP net income of $20.30M, adjusted EBITDA of $30.60M, GAAP earnings per diluted share of $0.32, and non-GAAP earnings per diluted share of $0.49.

First Quarter 2019 Financial Highlights:

Gross Profit: GAAP gross profit for the first quarter of 2019 increased by 18% to $57.60M compared to $49.00M for the same quarter in 2018. GAAP gross margin percentage was 76% for the first quarter of 2019 compared to 75% for the same quarter in 2018. Non-GAAP gross profit for the first quarter of 2019 increased by 19% to $59.70M compared to $50.20M for the same quarter in 2018. Non-GAAP gross margin percentage was 79% for the first quarter of 2019 compared to 77% for the same quarter in 2018.

Operating Income: GAAP operating income for the first quarter of 2019 increased by 67% to $14.10M compared to $8.40M for the same quarter in 2018. As a percentage of revenues, GAAP operating income was 19% for the first quarter of 2019 compared to 13% for the same quarter in 2018. Non-GAAP operating income for the first quarter of 2019 increased by 33% to $24.20M compared to $18.20M for the same quarter in 2018. As a percentage of revenues, non-GAAP operating income was 32% for the first quarter of 2019 compared to 28% for the same quarter in 2018.

Net Income: GAAP net income for the first quarter of 2019 was $13.30M, or $0.32 per diluted share, compared to $9.10M, or $0.22 per diluted share, for the same quarter in 2018. Non-GAAP net income for the first quarter of 2019 was $20.30M, or $0.49 per diluted share, compared to non-GAAP net income of $15.00M, or $0.36 per diluted share, for the same quarter in 2018.

Adjusted EBITDA: Adjusted EBITDA (a non-GAAP financial measure) for the first quarter of 2019 increased 24% to $30.60M compared to $24.60M for the same quarter in 2018. As a percentage of revenues, adjusted EBITDA was 41% for the first quarter of 2019 compared to 38% for the same quarter in 2018.

Operating Cash Flow: Operating cash flow for the first quarter of 2019 increased 3% to $44.30M compared to $43.00M for the same quarter in 2018. As a percentage of revenues, operating cash flow was 59% for the first quarter of 2019 compared to 66% for the same quarter in 2018.

Financial Performance Outlook

Second Quarter 2019 Guidance: Management expects revenues for the second quarter of 2019 to be in the range of $78.20M to $78.70M, representing 15% growth over the same quarter in 2018. GAAP net income per diluted share is expected to be in the range of $0.22 to $0.24, which assumes an effective income tax rate of 26%. Non-GAAP net income per diluted share is expected to be in the range of $0.46 to $0.48, which assumes an effective non-GAAP income tax rate of 22%. Second quarter 2019 earnings per share estimates are based on approximately 41.60M weighted average diluted shares outstanding for the quarter.

Full Year 2019 Guidance: Management expects revenues for the full year 2019 to be in the range of $320.50M to $323.00M, representing 15% to 16% growth over 2018.  GAAP net income per diluted share is now expected to be in the range of $1.02 to $1.07, up from the previous guidance range of $0.90 to $0.95. This assumes an effective income tax rate of 23%, down from the previous assumption of 26%. Non-GAAP net income per diluted share is now expected to be in the range of $1.89 to $1.94, up from the previous guidance range of $1.84 to $1.89. This assumes an effective non-GAAP income tax rate of 22%. Full year 2019 earnings per share estimates are based on approximately 41.80M weighted average diluted shares outstanding.

QLYS has the market capitalization of $2.94B and its EPS growth ratio for the past five years was 100.00%. The return on assets ratio of the Company was 11.00% while its return on investment ratio stands at 14.50%. Price to sales ratio was 9.81 while 88.20% of the stock was owned by institutional investors.

Plantronics Inc. (PLT) reported a fiscal fourth-quarter loss of $21.60M, after reporting a profit in the same period a year earlier. On a per-share basis, the Santa Cruz, California-based company said it had a loss of 55 cents. Earnings, adjusted for one-time gains and costs, were $1.44 per share. The headset maker posted revenue of $468.50M in the period.

For the year, the company reported that its loss widened to $135.60M, or $3.61 per share. Revenue was reported as $1.67B. For the current quarter ending in July, Plantronics expects its per-share earnings to range from $1.15 to $1.45. Analysts surveyed by Zacks had forecast adjusted earnings per share of $1.30. The company said it expects revenue in the range of $471.0M to $501.0M for the fiscal first quarter. Analysts surveyed by Zacks had expected revenue of $510.50M.

PLT has a market value of $1.30B while its EPS was booked as $-5.05 in the last 12 months. The stock has 37.13M shares outstanding. In the profitability analysis, the company has gross profit margin of 41.90% while net profit margin was -10.30%. Beta value of the company was 1.56; beta is used to measure riskiness of the security. Analyst recommendation for this stock stands at 1.80.

PAR Technology Corporation (PAR) reported a first-quarter loss of $2.70M, after reporting a profit in the same period a year earlier. The New Hartford, New York-based company said it had a loss of 17 cents per share. Losses, adjusted for non-recurring costs, came to 11 cents per share. The software provider for the hospitality industry posted revenue of $44.70M in the period.

PAR has a market value of $370.14M while its EPS was booked as $-1.66 in the last 12 months. The stock has 16.22M shares outstanding. In the profitability analysis, the company has gross profit margin of 18.50% while net profit margin was -14.70%. Beta value of the company was -0.14; beta is used to measure riskiness of the security. Analyst recommendation for this stock stands at 1.30.

Perion Network Ltd. (PERI) reported 12% decrease in revenues from $60.90M in the first quarter of 2018 to $53.80M in the first quarter of 2019. This decline was primarily a result of a 37% decline in Advertising revenues as a result of the transition from selling formats to holistic solution. Despite of the decline in revenues, our gross margin in the Advertising business increased year over year as we prioritize margins and profitability over sales. Search and other revenues increased 12% in the first quarter of 2019 as a result of the addition of new publishers, higher revenue-per-mile and increased number of searches.

Customer Acquisition Costs and Media Buy (“CAC”): CAC in the first quarter of 2019 were $27.40M, or 51% of revenues, as compared to $31.90M, or 52% of revenues in the first quarter of 2018.

Net Income: On a GAAP basis, net income in the first quarter of 2019 was $1.20M, as compared to a net income of $0.10M in the first quarter of 2018.

Non-GAAP Net Income: In the first quarter of 2019, non-GAAP net income was $3.30M, or 6.0% of revenues, compared to the $3.00M, or 5.0% of revenues, in the first quarter of 2018.

Adjusted EBITDA: In the first quarter of 2019, Adjusted EBITDA was $5.10M, or 9.5% of revenues, compared to $4.30M, or 7.0% of revenues, in the first quarter of 2018.

Cash and Cash Flow from Operations: As of March 31, 2019, cash and cash equivalents and short-term deposit were $45.10M. Cash provided by operations in the first quarter of 2019 was $14.00M, compared to $14.60M in the first quarter of 2018.

Short-term Debt, Long-term Debt and Convertible Debt: As of March 31, 2019, total debt was $31.00M, compared to $40.50M at December 31, 2018.

2019 Guidance:

Management has increased its previously issued Adjusted EBITDA guidance of $22.0M to $24.0M for the full year of 2019 to $24.0M to $26.0M.

PERI has the market capitalization of $117.63M and its EPS growth ratio for the past five years was -37.90%. The return on assets ratio of the Company was 3.20% while its return on investment ratio stands at 6.30%. Price to sales ratio was 0.48 while 24.40% of the stock was owned by institutional investors.

Pegasystems Inc. (PEGA) reported a first-quarter loss of $28.70M, after reporting a profit in the same period a year earlier. The Cambridge, Massachusetts-based company said it had a loss of 37 cents per share. Losses, adjusted for stock option expense and non-recurring costs, were 12 cents per share. The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 11 cents per share.

The business software company posted revenue of $212.50M in the period, also missing Street forecasts. Three analysts surveyed by Zacks expected $236.30M.

PEGA has a market value of $5.78B while its EPS was booked as $-0.70 in the last 12 months. The stock has 76.05M shares outstanding. In the profitability analysis, the company has gross profit margin of 65.40% while net profit margin was -5.90%. Beta value of the company was 1.18; beta is used to measure riskiness of the security. Analyst recommendation for this stock stands at 1.50.

Paylocity Holding Corporation (PCTY) reported fiscal third-quarter earnings of $28.0M. The Schaumburg, Illinois-based Company said it had net income of 51 cents per share. Earnings, adjusted for stock option expense and amortization costs, came to 60 cents per share. The results beat Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 59 cents per share.

The provider of cloud-based payroll and human-resources software services posted revenue of $139.60M in the period, which also topped Street forecasts. Eight analysts surveyed by Zacks expected $135.80M. For the current quarter ending in June, Paylocity said it expects revenue in the range of $116.70M to $117.70M. The company expects full-year revenue in the range of $464.0M to $465.0M.

PCTY has the market capitalization of $5.25B and its EPS growth ratio for the past five years was 42.10%. The return on assets ratio of the Company was 3.10% while its return on investment ratio stands at 16.90%. Price to sales ratio was 11.23 while 67.50% of the stock was owned by institutional investors.