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>Box, Inc. recently reported its first-quarter fiscal 2025 results, which presented a mixed picture of the enterprise content management and storage company's performance and strategic trajectories.</li><li>Here’s a succinct summary of the core facets of the results and an investment thesis based on the details provided.</li><li>Starting with the positive aspects, Box, Inc. achieved a revenue growth rate of 5% year-over-year, with an 8% increase on a constant currency basis, indicating a resilient top-line growth despite overarching economic pressures.</li></ul>

Box, Inc. recently reported its first-quarter fiscal 2025 results, which presented a mixed picture of the enterprise content management and storage company's performance and strategic trajectories.Here’s a succinct summary of the core facets of the results and an investment thesis based on the details provided.Starting with the positive aspects, Box, Inc. achieved a revenue growth rate of 5% year-over-year, with an 8% increase on a constant currency basis, indicating a resilient top-line growth despite overarching economic pressures.

Box Inc.: Strategic Transition From Cloud Storage To Collaboration Tools! - Major Drivers

Pan-Asia Index Rebalances/ Events/ Delta One, Periscope Analytics

Brian Freitas

Pan-Asia Index Rebalances/ Events/ Delta One

Periscope Analytics

Periscope Analytics focuses on event-driven trades across Asia Pacific and provides comprehensive, timely and systematic coverage of index changes to major Asia Pacific indices in a structured manner.

The analysis includes forecasted inclusions and exclusions to all major Asian indices that have significant amount of tracking assets, including estimates of passive buy/sell flow on the stocks. The service also provides commentary and impact of market consultations, ground rule changes, and other events (IPOs, spin-offs, M&A) that could lead to index changes and passive flow.

Periscope Analytics works with multi-strategy hedge funds, proprietary trading firms, stat arb trading groups and long-only investors that invest and trade in the Asia Pacific region with the data being used to trade index rebalances, avoid pre-positioning and passive flow, and to time entry into and exit from stocks.

Event-Driven Trades Across Asia Pacific

Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/super-micro-computer-inc" target="_blank" data-smartkarma-citation="entities:7921:1" rel="noopener">Super Micro Computer (SMCI US)</a> and <a href="https://www.smartkarma.com/entities/deckers-outdoor-corp" target="_blank" data-smartkarma-citation="entities:3028:1" rel="noopener">Deckers Outdoor (DECK US)</a> replace <a href="https://www.smartkarma.com/entities/whirlpool-corp" target="_blank" data-smartkarma-citation="entities:1538:1" rel="noopener">Whirlpool Corp (WHR US)</a> and <a href="https://www.smartkarma.com/entities/zions-bancorporation" target="_blank" data-smartkarma-citation="entities:9490:1" rel="noopener">Zions Bancorporation (ZION US)</a> in the <a href="https://www.smartkarma.com/entities/s-p-500-index" target="_blank" data-smartkarma-citation="entities:22886:1" rel="noopener">S&amp;P 500 INDEX</a> at the close on 15 March.</li>
<li>There are a bunch of inclusions, deletions and migrations across the <a href="https://www.smartkarma.com/entities/s-p-500-index" target="_blank" data-smartkarma-citation="entities:22886:1" rel="noopener">S&amp;P 500 INDEX (SPX INDEX)</a>, the S&amp;P Midcap 400 Index, and the S&amp;P SmallCap 600 Index.</li>
<li>The largest flows will be in the <a href="https://www.smartkarma.com/entities/s-p-500-index" target="_blank" data-smartkarma-citation="entities:22886:1" rel="noopener">S&amp;P 500 INDEX (SPX INDEX)</a> adds and the largest impact in the adds to the S&amp;P SmallCap 600 Index.</li>
</ul>



Super Micro Computer (SMCI US) and Deckers Outdoor (DECK US) replace Whirlpool Corp (WHR US) and Zions Bancorporation (ZION US) in the S&amp;P 500 INDEX at the close on 15 March.
There are a bunch of inclusions, deletions and migrations across the S&amp;P 500 INDEX (SPX INDEX), the S&amp;P Midcap 400 Index, and the S&amp;P SmallCap 600 Index.
The largest flows will be in the S&amp;P 500 INDEX (SPX INDEX) adds and the largest impact in the adds to the S&amp;P SmallCap 600 Index.


S&P500 Index Rebalance: SPCY Additions & Large Impact

<ul><li>Box, Inc.'s financial performance for the Fourth Quarter and Fiscal Year 2024 was marked by both achievements and challenges.</li><li>The company reported revenues of $263 million, up 2% year-over-year or 4% in constant currency, reflecting positive momentum in their core markets.</li><li>Despite persistent macroeconomic pressures on IT budgets throughout FY '24, Box displayed stability by delivering margin expansion, which underlined their strategic execution of cost cutting initiatives while simultaneously making room for long-term sustainable revenue growth.</li></ul>

Box, Inc.'s financial performance for the Fourth Quarter and Fiscal Year 2024 was marked by both achievements and challenges.The company reported revenues of $263 million, up 2% year-over-year or 4% in constant currency, reflecting positive momentum in their core markets.Despite persistent macroeconomic pressures on IT budgets throughout FY '24, Box displayed stability by delivering margin expansion, which underlined their strategic execution of cost cutting initiatives while simultaneously making room for long-term sustainable revenue growth.

Box Inc.: Can The Crooze Acquisition Completely Transform Its Growth Story? - Key Drivers

<ul><li>Box, Inc. delivered disappointing results as the company could not meet Wall Street's revenue and earnings expectations.</li><li>Despite macroeconomic challenges in IT budgets, companies prioritize Box Content Cloud for hybrid workforce support, content security, and business process automation.</li><li>Box actively addresses challenges in content management with innovations like Box Shield enhancements, AI-powered threat detection, and collaboration workflow improvements.</li></ul>

Box, Inc. delivered disappointing results as the company could not meet Wall Street's revenue and earnings expectations.Despite macroeconomic challenges in IT budgets, companies prioritize Box Content Cloud for hybrid workforce support, content security, and business process automation.Box actively addresses challenges in content management with innovations like Box Shield enhancements, AI-powered threat detection, and collaboration workflow improvements.

Box Inc.: Transforming Business Processes with Revolutionary Cloud Solutions! - Major Drivers

<ul><li>Box delivered a strong result and managed an all-around beat last quarter.</li><li>In the quarter, their sales force and marketing initiatives continued producing results, expanding their customer base and adding many new logos.</li><li>Box introduced major improvements to the Box for Microsoft 365 integrations, including Box for Teams and Box for Microsoft Office desktops.</li></ul>

Box delivered a strong result and managed an all-around beat last quarter.In the quarter, their sales force and marketing initiatives continued producing results, expanding their customer base and adding many new logos.Box introduced major improvements to the Box for Microsoft 365 integrations, including Box for Teams and Box for Microsoft Office desktops.

Box Inc.: How They're Transforming Workflows with New Integrations! - Major Drivers

United States

Box, Inc. develops internet applications software. The Company operates a content sharing platform that enables users to share, access, and manage content in the cloud, as well as provides mobile access, online file storage, and online collaboration solutions. Box serves customers worldwide.

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Box Inc Class A (BOX US)

Box Inc.: Strategic Transition From Cloud Storage To Collaboration Tools! - Major Drivers

Box, Inc. recently reported its first-quarter fiscal 2025 results, which presented a mixed picture of the enterprise content management and...

Baptista Research

S&P500 Index Rebalance: SPCY Additions & Large Impact

There are bunch of adds, deletes and migrations for the SnP 500/400/600 indices in March. The largest inflows are on the SP500 adds but the largest...

Brian Freitas

Box Inc.: Can The Crooze Acquisition Completely Transform Its Growth Story? - Key Drivers

Box, Inc.'s financial performance for the Fourth Quarter and Fiscal Year 2024 was marked by both achievements and challenges. The company reported...

Baptista Research

Box Inc.: Transforming Business Processes with Revolutionary Cloud Solutions! - Major Drivers

Box, Inc. delivered disappointing results as the company could not meet Wall Street's revenue and earnings expectations. Despite macroeconomic...

Baptista Research

Box Inc.: How They're Transforming Workflows with New Integrations! - Major Drivers

Box delivered a strong result and managed an all-around beat last quarter. In the quarter, their sales force and marketing initiatives continued...

Baptista Research

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