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

<ul><li>BlackBerry, a software company specializing in security software and services, recently discussed its financial results for the first quarter of fiscal year 2025.</li><li>The company remains committed to its strategy, focusing on enhancing its Internet of Things (IoT) and cybersecurity divisions and driving cost efficiencies.</li><li>Despite facing industry headwinds and the challenge of elongated sales cycles, BlackBerry's performance this quarter reflects a robust operational momentum and strategic execution.</li></ul>

BlackBerry, a software company specializing in security software and services, recently discussed its financial results for the first quarter of fiscal year 2025.The company remains committed to its strategy, focusing on enhancing its Internet of Things (IoT) and cybersecurity divisions and driving cost efficiencies.Despite facing industry headwinds and the challenge of elongated sales cycles, BlackBerry's performance this quarter reflects a robust operational momentum and strategic execution.

BlackBerry Limited: Strategic Business Growth & Focus on IoT and Cybersecurity Driving Our 'Buy' Rating! - Major Drivers

<ul><li>BlackBerry has made several moderate advancements in the last year.</li><li>On the positive side, BlackBerry's Internet of Things (IoT) team has reportedly delivered the strongest quarterly revenue in years, despite challenges in the industry.</li><li>Revenue for the quarter increased 12% sequentially and 8% year-over-year to $55 million with a strong gross margin of 84%.</li></ul>

BlackBerry has made several moderate advancements in the last year.On the positive side, BlackBerry's Internet of Things (IoT) team has reportedly delivered the strongest quarterly revenue in years, despite challenges in the industry.Revenue for the quarter increased 12% sequentially and 8% year-over-year to $55 million with a strong gross margin of 84%.

BlackBerry Limited: Will Its Investments In AI-powered Cybersecurity Pay Off? - Key Drivers

<ul><li>BlackBerry Limited delivered a mixed result in the recent quarter, with revenues below market expectations but it managed to surpass the analyst consensus in terms of earnings.</li><li>In the automotive sector, QNX triumphed with 20 new design wins in the auto industry and seven in general embedded market verticals.</li><li>This quarter, the company added acoustic middleware to its offerings, indicating a promising new market for software-defined acoustics.</li></ul>

BlackBerry Limited delivered a mixed result in the recent quarter, with revenues below market expectations but it managed to surpass the analyst consensus in terms of earnings.In the automotive sector, QNX triumphed with 20 new design wins in the auto industry and seven in general embedded market verticals.This quarter, the company added acoustic middleware to its offerings, indicating a promising new market for software-defined acoustics.

<ul><li>Amidst whispers of significant financial moves, BlackBerry Ltd, the erstwhile leader in business mobile technology, has become a focal point for Veritas Capital, a major private equity player.</li><li>This frenzy was not entirely unpredictable; BlackBerry had hinted at major strategic shifts in May, even suggesting possible diversification of its business segments.</li><li>The company, once synonymous with smartphones, ceased its phone production and even pondered over selling its iconic mobile patents.</li></ul>

Amidst whispers of significant financial moves, BlackBerry Ltd, the erstwhile leader in business mobile technology, has become a focal point for Veritas Capital, a major private equity player.This frenzy was not entirely unpredictable; BlackBerry had hinted at major strategic shifts in May, even suggesting possible diversification of its business segments.The company, once synonymous with smartphones, ceased its phone production and even pondered over selling its iconic mobile patents.

The BlackBerry Buyout Buzz: Is This Tech Veteran The Next M&A Goldmine? – Key Drivers

Equity Long-Short Analyst

Pyari Menon

Thematic (Sector/Industry)

<ul>
<li>The three companies we write about this week are <a href="https://www.smartkarma.com/entities/raytheon-technologies-corp" target="_blank" data-smartkarma-citation="entities:6453:1" rel="noopener">Raytheon Technologies (RTX US)</a><a href="https://www.smartkarma.com/entities/beiersdorf-ag" target="_blank" data-smartkarma-citation="entities:21588:1" rel="noopener">Beiersdorf AG (BEI GR)</a> and <a href="https://www.smartkarma.com/entities/king-slide-works-co-ltd" target="_blank" data-smartkarma-citation="entities:7130:1" rel="noopener">King Slide Works (2059 TT)</a> 
</li>
<li>For the twenty-six weeks since inception ended 19 May the combined innovation portfolio was +2.5%, versus DJIA-0.9%, S&amp;P500+5.7%, Nasdaq+13.6%, Russell2000 -4.1%, MSCI-ACWI-ETF+6.9%, S&amp;P midcap 400 -2.2%, all in US$ terms</li>
<li>Small-Cap (+4.1%) versus Russell2000 (-4.1%) and midcap (+1.9%) versus S&amp;P400 (-2.2%) continues to outperform benchmarks, but the omission of mega-tech names has hurt large-cap portfolio (+2.6%) versus S&amp;P500 (+5.7%) . </li>
</ul>


The three companies we write about this week are Raytheon Technologies (RTX US)Beiersdorf AG (BEI GR) and King Slide Works (2059 TT) 

For the twenty-six weeks since inception ended 19 May the combined innovation portfolio was +2.5%, versus DJIA-0.9%, S&amp;P500+5.7%, Nasdaq+13.6%, Russell2000 -4.1%, MSCI-ACWI-ETF+6.9%, S&amp;P midcap 400 -2.2%, all in US$ terms
Small-Cap (+4.1%) versus Russell2000 (-4.1%) and midcap (+1.9%) versus S&amp;P400 (-2.2%) continues to outperform benchmarks, but the omission of mega-tech names has hurt large-cap portfolio (+2.6%) versus S&amp;P500 (+5.7%) . 


The Innovations Portfolios - Week Twenty Six

Canada

BlackBerry Limited designs, manufactures, and markets wireless solutions for the worldwide mobile communications market. The Company provides platforms and solutions for access to email, phone, SMS messaging, Internet, and Intranet-based applications.

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BlackBerry Ltd (BB CN)

BlackBerry Limited: Strategic Business Growth & Focus on IoT and Cybersecurity Driving Our 'Buy' Rating! - Major Drivers

BlackBerry, a software company specializing in security software and services, recently discussed its financial results for the first quarter of...

Baptista Research

BlackBerry Limited: Will Its Investments In AI-powered Cybersecurity Pay Off? - Key Drivers

BlackBerry has made several moderate advancements in the last year. On the positive side, BlackBerry's Internet of Things (IoT) team has...

Baptista Research

BlackBerry Limited: The Veritas Offer

BlackBerry Limited delivered a mixed result in the recent quarter, with revenues below market expectations but it managed to surpass the analyst...

Baptista Research

The BlackBerry Buyout Buzz: Is This Tech Veteran The Next M&A Goldmine? – Key Drivers

Amidst whispers of significant financial moves, BlackBerry Ltd, the erstwhile leader in business mobile technology, has become a focal point for...

Baptista Research

The Innovations Portfolios - Week Twenty Six

The small-Cap (+4.1%) and midcap (+1.9%) portfolios continues to outperform respective benchmarks, but the willful omission of mega-tech names has...

Pyari Menon

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