Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Douglas Research Advisory

Cross Asset Strategy

<ul>
<li><em><strong>The biggest takeaway from President Yoon's address to the nation today was his focus on election integrity and election fraud. </strong></em></li>
<li>He was basically implying that the biggest reason for declaring a martial law was due to severe concerns about security breach issues at the National Election Commission.</li>
<li>One of the clear beneficiaries of President Yoon's speech today will be the cybersecurity sector.</li>
</ul>


The biggest takeaway from President Yoon's address to the nation today was his focus on election integrity and election fraud. 
He was basically implying that the biggest reason for declaring a martial law was due to severe concerns about security breach issues at the National Election Commission.
One of the clear beneficiaries of President Yoon's speech today will be the cybersecurity sector.


South Korean President Yoon's Address to the Nation: Focus on Election Integrity and Election Fraud

Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

ViaSat, Inc. provides advanced broadband digital satellite communications and other wireless networking and signal processing equipment and services.  The Company's defense products include satellite communications products consisting of modems, terminals, and network control systems, advanced multifunction information distribution systems, and simulation test equipment.

<ul><li>Viasat recently reported its financial results for the second quarter of fiscal year 2025, presenting a mixed performance.</li><li>On the positive side, the company posted better-than-expected growth in revenue and adjusted EBITDA, with new contract awards reaching a record $1.3 billion, boosted significantly by the Defense and Advanced Technologies segment.</li><li>This growth was driven by increased demand in areas like cybersecurity, ground systems, and space mission systems.</li></ul>

Viasat recently reported its financial results for the second quarter of fiscal year 2025, presenting a mixed performance.On the positive side, the company posted better-than-expected growth in revenue and adjusted EBITDA, with new contract awards reaching a record $1.3 billion, boosted significantly by the Defense and Advanced Technologies segment.This growth was driven by increased demand in areas like cybersecurity, ground systems, and space mission systems.

Viasat Inc.: Will Its Innovations in Satellite Design & Partnerships Be A Breakthrough Move? - Major Drivers

Covering IPOs, Healthcare and Technology Stocks

Andrei Zakharov

Rubrik, Inc. operates as a cloud data management and data security company. The Company offers a platform which helps enterprises to achieve resilience against cyber-attacks, malicious insiders, operational disruptions, cloud mobility, and regulatory compliance. Rubrik serves government, health care, legal, and financial industries worldwide.

<ul>
<li>Rubrik, cybersecurity company and leader in the segment of enterprise backup and recovery software solutions, delivered a high quality beat and raise in 3QFY25.</li>
<li>Stock indicated up 20%+ during regular trading session on heavy volume. Rubrik raised guidance for FY25 total revenue to $861M at the midpoint, implying ~37% growth.</li>
<li>Moreover, the company generated positive FCF, achieved strong growth at scale and surpassed $1B+ in subscription ARR, a big milestone.</li>
</ul>


Rubrik, cybersecurity company and leader in the segment of enterprise backup and recovery software solutions, delivered a high quality beat and raise in 3QFY25.
Stock indicated up 20%+ during regular trading session on heavy volume. Rubrik raised guidance for FY25 total revenue to $861M at the midpoint, implying ~37% growth.
Moreover, the company generated positive FCF, achieved strong growth at scale and surpassed $1B+ in subscription ARR, a big milestone.


Rubrik 3QFY25 Wrap: Solid Outlook, Improving FCF and $1B+ In Subscription ARR

Zscaler, Inc. operates as a security software company. The Company offers cloud-based platform that provides web and mobile security, threat protection, cloud application visibility, and networking solutions. Zscaler serves clients worldwide.

<ul><li>Zscaler, a leading cybersecurity company specializing in cloud-based security solutions, reported solid financial performance in its first quarter of fiscal year 2025.</li><li>The company's revenue increased by 26% year-over-year to $628 million, reflecting robust demand for its Zero Trust Exchange platform and AI solutions.</li><li>Bookings growth also accelerated, surpassing 30%, indicating increased customer commitments to its offerings.</li></ul>

Zscaler, a leading cybersecurity company specializing in cloud-based security solutions, reported solid financial performance in its first quarter of fiscal year 2025.The company's revenue increased by 26% year-over-year to $628 million, reflecting robust demand for its Zero Trust Exchange platform and AI solutions.Bookings growth also accelerated, surpassing 30%, indicating increased customer commitments to its offerings.

Zscaler Inc.: Expansion in Data Protection & Security Operations As A Critical Growth Engine! - Major Drivers

CrowdStrike Holdings, Inc. provides cybersecurity products and services to stop breaches. The Company offers cloud-delivered protection across endpoints, cloud workloads, identity and data, and leading threat intelligence, managed security services, IT operations management, threat hunting, Zero Trust identity protection, and log management. CrowdStrike serves customers worldwide.

<ul><li>CrowdStrike reported its fiscal third-quarter results for 2025, showcasing several strengths but also facing some challenges.</li><li>The company achieved key milestones in the quarter, with annual recurring revenue (ARR) surpassing $4 billion and total revenue exceeding $1 billion for the first time.</li><li>Subscription revenue alone grew by 31% year-over-year, reflecting the strong demand for its cybersecurity offerings.</li></ul>

CrowdStrike reported its fiscal third-quarter results for 2025, showcasing several strengths but also facing some challenges.The company achieved key milestones in the quarter, with annual recurring revenue (ARR) surpassing $4 billion and total revenue exceeding $1 billion for the first time.Subscription revenue alone grew by 31% year-over-year, reflecting the strong demand for its cybersecurity offerings.

CrowdStrike Holdings: How Are They Executing Expansion Beyond Endpoint Security? - Major Drivers

Cybersecurity
Insights in the Cybersecurity Space

South Korean President Yoon's Address to the Nation: Focus on Election Integrity and Election Fraud

The biggest takeaway from President Yoon's address to the nation today was his focus on election integrity and election fraud.

Douglas Kim

Viasat Inc.: Will Its Innovations in Satellite Design & Partnerships Be A Breakthrough Move? - Major Drivers

Viasat recently reported its financial results for the second quarter of fiscal year 2025, presenting a mixed performance. On the positive side,...

Baptista Research

Rubrik 3QFY25 Wrap: Solid Outlook, Improving FCF and $1B+ In Subscription ARR

Rubrik shares outperformed in 2024 with shares up ~102% vs. IPO offer price of $32/share. In my insight, I set a new PT for Rubrik and discuss...

Andrei Zakharov

Zscaler Inc.: Expansion in Data Protection & Security Operations As A Critical Growth Engine! - Major Drivers

Zscaler, a leading cybersecurity company specializing in cloud-based security solutions, reported solid financial performance in its first quarter...

Baptista Research

CrowdStrike Holdings: How Are They Executing Expansion Beyond Endpoint Security? - Major Drivers

CrowdStrike reported its fiscal third-quarter results for 2025, showcasing several strengths but also facing some challenges. The company achieved...

Baptista Research