Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Thematic (Sector/Industry)

<ul>
<li><strong>One of the interesting capital flow changes that is occurring amid the on-going war between Russia and Ukraine is the increasing capital flow to the major global cybersecurity stocks.</strong></li>
<li>The 20 largest IT security stocks listed in the US are up on average 5.5% in February, significantly outperforming S&amp;P500 which was down 3.1% in the same period.</li>
<li>
<strong>Palo Alto Networks (PANW US),</strong> Crowdstrike Holdings Inc (CRWD US), Fortinet Inc (FTNT US), and Check Point Software Tech (CHKP US) have been clear winners in this period.</li>
</ul>


One of the interesting capital flow changes that is occurring amid the on-going war between Russia and Ukraine is the increasing capital flow to the major global cybersecurity stocks.
The 20 largest IT security stocks listed in the US are up on average 5.5% in February, significantly outperforming S&amp;P500 which was down 3.1% in the same period.

Palo Alto Networks (PANW US), Crowdstrike Holdings Inc (CRWD US), Fortinet Inc (FTNT US), and Check Point Software Tech (CHKP US) have been clear winners in this period.


The Russia & Ukraine War Forcing Capital to Shift into Cybersecurity Stocks

Covering IPOs, Healthcare and Technology Stocks

Andrei Zakharov

Algosun Global

Equity Bottom-Up

<ul>
<li>
<a href="https://www.smartkarma.com/entities/knowbe4-inc" target="_blank" data-smartkarma-citation="entities:35519:1" rel="noopener">KnowBe4 (KNBE US)</a>  is the world's largest security awareness training platform, teaching people how to recognize bad phishing, bad social engineering scenarios and report to management.</li>
<li>The most notable ransomware attacks began with social engineering, and social engineering has remained a top threat for the last five years, according to a report released by Verizon.</li>
<li>We like the company's cash generating SaaS model, strong balance sheet, and multi-product approach targeting SMBs and the enterprise market worldwide.</li>
</ul>



KnowBe4 (KNBE US)  is the world's largest security awareness training platform, teaching people how to recognize bad phishing, bad social engineering scenarios and report to management.
The most notable ransomware attacks began with social engineering, and social engineering has remained a top threat for the last five years, according to a report released by Verizon.
We like the company's cash generating SaaS model, strong balance sheet, and multi-product approach targeting SMBs and the enterprise market worldwide.


KnowBe4: Hidden Gem Growth Stock In the Cybersecurity Space

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 Capital Markets

Crowdstrike Holdings  / Equity Capital Markets

<ul><li>Cybersecurity is considered one of the hottest sub-sectors within the technology domain with SaaS-based companies having valuations going through the roof.</li><li>Both companies have seen a phenomenal price rise over the years with the increasing revenue growth and popularity of their offerings.</li><li>We also provide the financial forecasts of both companies and carry out a comparative discounted cash flow (DCF) valuation in order to determine which of the two players could generate higher returns in the years to come, based on our estimates.</li></ul>

Cybersecurity is considered one of the hottest sub-sectors within the technology domain with SaaS-based companies having valuations going through the roof.Both companies have seen a phenomenal price rise over the years with the increasing revenue growth and popularity of their offerings.We also provide the financial forecasts of both companies and carry out a comparative discounted cash flow (DCF) valuation in order to determine which of the two players could generate higher returns in the years to come, based on our estimates.

Palo Alto Networks vs. CrowdStrike - Which Cybersecurity Major Is The Better Performer? 02/22

US Tech Company Research, MT Capital

MT Capital

US Tech Company Research

I demystify the world's most interesting tech companies, providing in-depth, no-nonsense, un-biased analysis on the most interesting Tech Companies available for investment today. I am a Mechanical Engineer by education, Software Engineer by trade and a self-trained Financial Analyst.

<ul>
<li>The rise of the internet, though astounding and world-changing, has resulted in the growth of impending tail risks, phenomena where unchecked vulnerability and fragility may result in the harm of corporations and individuals alike</li>
<li>Crowdstrike provides technology that primarily protects an Enterprise’s Endpoints, with additional modules aimed at shielding Companies’ Cloud Workloads</li>
<li>The main area of Cybersecurity that one should familiarize themselves with in order to gain a heightened understanding of Crowdstrike’s operations is Endpoint Security</li>
</ul>


The rise of the internet, though astounding and world-changing, has resulted in the growth of impending tail risks, phenomena where unchecked vulnerability and fragility may result in the harm of corporations and individuals alike
Crowdstrike provides technology that primarily protects an Enterprise’s Endpoints, with additional modules aimed at shielding Companies’ Cloud Workloads
The main area of Cybersecurity that one should familiarize themselves with in order to gain a heightened understanding of Crowdstrike’s operations is Endpoint Security


<ul><li>Like most other high-growth stocks, CrowdStrike has also taken a beating on account of high inflation and rising interest rates which are generally negative catalysts for the company.</li><li>In Q3, the company experienced broad-based strength in numerous business areas and across SMBs, mid-market, and large organizations.</li><li>Their Q4 expectations in terms of year-over-year revenue growth rate are between 53% to 56%, with subscription revenue being the primary driver of growth.</li></ul>

Like most other high-growth stocks, CrowdStrike has also taken a beating on account of high inflation and rising interest rates which are generally negative catalysts for the company.In Q3, the company experienced broad-based strength in numerous business areas and across SMBs, mid-market, and large organizations.Their Q4 expectations in terms of year-over-year revenue growth rate are between 53% to 56%, with subscription revenue being the primary driver of growth.

Crowdstrike Holdings Inc. - Investment Thesis

United States

VMware, Inc. provides virtualization solutions from the desktop to the data center. The Company's solution products addresses a range of IT problems, which includes cost and operational inefficiencies, business continuity, software lifecycle management and desktop management.

Electronic Arts Inc. develops, publishes, and distributes branded interactive entertainment software worldwide for video game consoles, personal computers, handheld game players, and cellular handsets. The Company also provides online game-related services.

Aspen Technology, Inc. provides software solutions. The Company offers asset optimization software that optimizes asset design, operations, and maintenance in complex, industrial environments to enable organizations to meet their business goals for sustainability and profitability. Aspen Technology serves customers worldwide.

Check Point Software Technologies Ltd. develops, markets and supports a range of software and hardware products and services for information technology (IT) security and offers its customers a network and gateway security solutions, data and endpoint security solutions and management solutions.

SS&C Technologies Holdings, Inc. develops and markets computer software for financial services providers.  The software enables trading and modeling, portfolio management and reporting, accounting, performance measurement, reconciliation, reporting, processing, and clearing.

Fair Isaac Corporation provides analytics, including predictive modeling, decision analysis, intelligence management, decision management systems, and consulting services.  The Company helps companies in countries around the world acquire customers more efficiently, increase customer value, reduce fraud, lower operating expenses, and enter new markets more profitably.

Synopsys, Inc. supplies electronic design automation solutions to the global electronics market.  The Company provides design technologies to creators of advanced integrated circuits, electronic systems, and systems on a chip. Synopsys also provides consulting services and support to its customers to streamline the overall design process and accelerate time to market.

Activision Blizzard, Inc. publishes, develops, and distributes interactive entertainment software and peripheral products. The Company's products cover diverse game categories, including action/adventure, action sports, racing, role playing, simulation, first-person action, music-based gaming and strategy.

Workday, Inc. provides enterprise cloud-based applications. The Company offers human capital, spend, and financial management, as well as payroll, initiatives and higher education solutions. Workday serves the finance, healthcare, manufacturing, education, and technology industries worldwide.

Manhattan Associates, Inc. provides information technology solutions for distribution centers.  The solutions are designed to enable the efficient movement of goods through the supply chain.  The Company's solutions optimize the receipt, storage, and distribution of inventory, as well as manage equipment and personnel within a distribution center.

Xero Limited offers an online accounting system.  The software features bank transaction importing, a cashbook, a general ledger, invoicing, accounts receivable, accounts payable, financial reporting, and management of expense claims.

Nintendo Co., Ltd. globally develops, manufactures and sells home-use video game hardware and software in home entertainment business.  The company also produces home-game products including cards.

Nexon Co., Ltd. mainly develops and services, online games for PC and mobile devices. The company also offers consulting services related to online-games. Nexon operates in Japan.

IFLYTEK Co., Ltd. specializes in speech intelligence and artificial intelligence technology.  The company also develops chip product, voice messaging software and e-government system integration software.

Dassault Systemes operates as a software company. The develops and offers 3Dexperience platform to create innovative new products and services using virtual experiences. Dassault Systemes serves aerospace, construction, business services, consumer packaged goods, high-tech, life science, health care, marine, energy, and industrial equipment industries worldwide.

The Sage Group plc is a software publishing company. The Group develops, publishes and distributes accounting and payroll software for personal computer systems. Via its subsidiaries, Sage also maintains a registered user database which provides a market for their related products and services, including computer forms, software support contracts, program upgrades and training.

WiseTech Global Pty Ltd provides various technology and information technology management solutions. The Company offers cloud based various technology platforms, market specific software and logistics technology solutions, such as edienterprise, a platform supply chain logistics management system, software-as-a-service, and clinical management software. 

Constellation Software Inc is a software holding company.  The Company acquires mission-critical, vertical market software companies, and helps them to grow.

Spotify Technology S.A. provides music streaming services. The Company offers commercial free music and ad-supported services to subscribers. Spotify Technology serves clients worldwide.

Dassault Systemes is a technology company. The company provides software applications services designed to support client company's innovation processes. The company's line of business includes provision of 3D design software, 3D digital mock up and product lifecycle Management. Dassault Systemes also provides several software brands.

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.

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Crowdstrike Holdings (CRWD US)

The Russia & Ukraine War Forcing Capital to Shift into Cybersecurity Stocks

One of the interesting capital flow changes that is occurring amid the on-going war between Russia and Ukraine is the increasing capital flow to...

Douglas Kim

KnowBe4: Hidden Gem Growth Stock In the Cybersecurity Space

Valuations of cybersecurity stocks look attractive after the broader sell-off in tech shares, and our analysis suggests KnowBe4 shares are...

Andrei Zakharov

Palo Alto Networks vs. CrowdStrike - Which Cybersecurity Major Is The Better Performer? 02/22

Cybersecurity is considered one of the hottest sub-sectors within the technology domain with SaaS-based companies having valuations going through...

Baptista Research

Crowdstrike ($CRWD) In-Depth Analysis

Crowdstrike provides technology that primarily protects an Enterprise’s Endpoints, with additional modules aimed at shielding Companies’ Cloud...

MT Capital

Crowdstrike Holdings Inc. - Investment Thesis

Like most other high-growth stocks, CrowdStrike has also taken a beating on account of high inflation and rising interest rates which are...

Baptista Research

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