The secret superpower that Nvidia, Shopify and Microsoft all share

Why leadership quality is the most underrated driver of shareholder value

Nov 25, 2025 • Pumice Capital

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The Trade Desk: The Winning Bid?

Who is The Trade Desk, why is the market valuing the company at five-year lows, and why we see TTD as a long-term compounder worth owning

Nov 16, 2025 • Pumice Capital

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Cloudflare Q3 FY25 | Growing its Enterprise muscle; Accelerating Into the AI Cycle

Cloudflare reported a stellar Q3 FY25 result, posting NRR of 119% — the highest it’s been in nearly 3 years — and reinforcing confidence in the…

Nov 3, 2025 • Pumice Capital

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September 2025

Why We’re Bullish on Zscaler

Deep dive on Zscaler’s growth durability, competitive moats, and valuation

Sep 1, 2025 • Pumice Capital

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August 2025

Zscaler: Zero Trust, or Zero Differentiation?

A deep dive into Zscaler’s evolution, $277b market opportunity, and the competitive threats challenging its role as the control point in Zero Trust…

Aug 12, 2025 • Pumice Capital

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July 2025

Is Cloudflare Too Perfectly Priced? Strategic Analysis and Investment Deep Dive ($NET)

In-depth equity research on Cloudflare’s strategic platform ambitions, competitive threats, and long-term investment case

Jul 29, 2025 • Pumice Capital

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June 2025

Confluent (CFLT) Stock Analysis - Powering the Real-Time Revolution as the Enterprise Central Nervous System

In-depth analysis exploring CFLT's competitive moat, strategic positioning, and potential to capture outsized growth in the mission-critical real-time…

Jun 14, 2025 • Pumice Capital

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August 2024

Catching a falling Snowflake - $SNOW Investment Thesis and Valuation Analysis

Now is an attractive time to start building a position in a high-quality name exposed to strong secular growth trends and with several meaningful growth…

Aug 9, 2024 • Pumice Capital

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June 2024

From silk scarves to superchips - 7 factors powering dynasties

Always ask: is this edge self-reinforcing, and does it create asymmetric pain for competitors? If it can be bought, replicated, or hired away, it’s not…

Jun 15, 2024 • Pumice Capital

Four things every great company has in common

Why four pillars - people, power, purpose and profit - determine whether companies thrive or die

Jun 9, 2024 • Pumice Capital

October 2023

Building the next Apple - What matters for long-term growth potential

Why it's important for companies to operate in large industries, have multiple growth vectors, and provide real, differentiated value to their customers

Oct 29, 2023 • Pumice Capital

Visionary leaders - the single most important driver of a company's success

Breaking down the attributes common across all generational founders

Oct 26, 2023 • Pumice Capital