Premature to declare victory over shorts.As pointed out earlier, the street will by disecting the S&S number and focusing on two items:
1. UEM and QNX revenue. I am combining these as they are the two main revenue pillars and represent an important part of the growth story. Importantly, revenue from these two key pillars has been relatively flat for the last three quarters. Another flat quarter and we will be heading south after earnings. As there is a significant amount of money betting on this outcome (50+ million short) and with recent revenue history on their side, I think it hubris for bulls to discount this possibility.
2. New business revenue in Radar or Cpaas. Does management craft a compelling growth story - backed by early wins/partnerships/proof points - that the street can get excited about? Radar appears to be on the verge of gaining serious traction and is an exciting opportunity but do the results support it?