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>Based on the first quarter 2024 earnings of Qualys, the company has evidenced a progressive trajectory with significant developments in its strategic sectors, specifically cybersecurity asset management.</li><li>The introduction of enhanced enterprise solutions such as VMDR with TruRisk and TotalCloud CNAPP reflects Qualys' adaptation to evolving market needs and emphasizes the ever growing complexity of cybersecurity threats.</li><li>These initiatives have notably increased product adoption across diverse verticals including healthcare, technology, retail, and financial services, suggesting robust demand and profitability potential.</li></ul>

Based on the first quarter 2024 earnings of Qualys, the company has evidenced a progressive trajectory with significant developments in its strategic sectors, specifically cybersecurity asset management.The introduction of enhanced enterprise solutions such as VMDR with TruRisk and TotalCloud CNAPP reflects Qualys' adaptation to evolving market needs and emphasizes the ever growing complexity of cybersecurity threats.These initiatives have notably increased product adoption across diverse verticals including healthcare, technology, retail, and financial services, suggesting robust demand and profitability potential.

Qualys Inc.: Will The Management Efforts Towards Expansion of Cloud Security Solutions Pay Off? - Major Drivers

<ul><li>Qualys, a leading provider of cyber security solutions through its cloud-based platform, reported robust results for the fourth quarter of 2023.</li><li>Revenues grew from prior-year levels, with reported revenues falling in line with expectations at $144.6 million.</li><li>Though calculated current billings showed notable growth, this was largely due to timing of invoicing of multiyear prepaid subscriptions and early renewals, and likely would not affect revenue recognition much earlier in the period.</li></ul>

Qualys, a leading provider of cyber security solutions through its cloud-based platform, reported robust results for the fourth quarter of 2023.Revenues grew from prior-year levels, with reported revenues falling in line with expectations at $144.6 million.Though calculated current billings showed notable growth, this was largely due to timing of invoicing of multiyear prepaid subscriptions and early renewals, and likely would not affect revenue recognition much earlier in the period.

Qualys Inc: What Are The 3 Biggest Challenges Faced By This IT Player? - Major Drivers

<ul><li>Qualys, Inc. delivered a solid result and managed an all-around beat last quarter, with a 13% revenue growth, reaching $142 million.</li><li>Channel partner growth outpaced direct growth at 17% versus 10%, with channel revenue contributing 43%.</li><li>Qualys boasted over 31 million agents supporting cloud workloads, positioning itself as a pioneer in Cloud Workload Protection, Security Posture Management, and Container Security.</li></ul>

Qualys, Inc. delivered a solid result and managed an all-around beat last quarter, with a 13% revenue growth, reaching $142 million.Channel partner growth outpaced direct growth at 17% versus 10%, with channel revenue contributing 43%.Qualys boasted over 31 million agents supporting cloud workloads, positioning itself as a pioneer in Cloud Workload Protection, Security Posture Management, and Container Security.

Qualys Inc.: Pioneering in Cloud Workload Protection - What Sets Them Apart? - Major Drivers

<ul><li>Qualys, Inc. delivered an all-around beat in the previous quarter.</li><li>The channel's share of revenue stayed at 43% from the previous quarter.</li><li>By geo, their overseas business rose 12%, outpacing the 16% rise in the U.S.</li></ul>

Qualys, Inc. delivered an all-around beat in the previous quarter.The channel's share of revenue stayed at 43% from the previous quarter.By geo, their overseas business rose 12%, outpacing the 16% rise in the U.S.

Qualys Inc.: How Deep Learning AI & ML Are About to Shift Cybersecurity Forever! - Major Drivers

Cross-Asset Strategist & Quantitative Analyst, Pennock Idea Hub

Cam Hui

Cross-Asset Strategist & Quantitative Analyst

Pennock Idea Hub

We are creators of independent equity research. The Pennock Idea Hub team are veterans of the investment industry. Much of our team has spent their careers at Merrill Lynch, Deutsche Bank, RBC Capital Markets and Wood Gundy. We have taken every aspect of research back to the studs and returned to first principles. The Pennock Idea Hub marries the interests of the sell and buy side. 

We offer the best research for institutional investors by:

-Only publishing research from veteran analysts
-Eliminate the inherent conflicts of the traditional sell and buy side relationship
-Ensure our team is always accessible; collaboration with clients nurtures our collective success

Cross-Asset & Quantitative Research

Cross Asset Strategy

<ul>
<li>A bottom-up driven scan of stock charts shows over 29 stocks with bullish technical patterns consisting of uptrends or breakouts from multi-month bases with strong potential upsides.</li>
<li>Bullish patterns are broadly based, primarily concentrated in technology and cyclicals, which argue for a continuation of the AI-related bull and an economic rebound.</li>
<li>This bottom-up analysis also pointed to bullish macro conclusions about the economy.</li>
</ul>


A bottom-up driven scan of stock charts shows over 29 stocks with bullish technical patterns consisting of uptrends or breakouts from multi-month bases with strong potential upsides.
Bullish patterns are broadly based, primarily concentrated in technology and cyclicals, which argue for a continuation of the AI-related bull and an economic rebound.
This bottom-up analysis also pointed to bullish macro conclusions about the economy.


United States

Varonis Systems, Inc. designs and develops data security software solutions. The Company offers data management systems to organize, manage, and protect unstructured and semi-structured data such as documents, spreadsheets, presentations, media files, and other business data. Varonis Systems operates worldwide.

Blackbaud, Inc. provides software and related services designed specifically for non-profit organizations. The Company's products and services enable non-profit organizations to increase donations, reduce fundraising costs, improve communication with constituents, manage their finances, and optimize internal operations.

CommVault Systems, Inc. provides data management software applications and related services. The Company develops, markets, and sells a suite of data management software applications designed to protect and manage data throughout its lifecycle.

ACI Worldwide, Inc. develops, markets, and supports software products for the global electronics funds transfer market.  The Company's products are used to process transactions involving credit cards, debit cards, smartcards, home banking services, checks, and automated clearing and settlement.

Workiva Inc. provides cloud-based and mobile-enabled platforms for enterprises. The Company offers software to collect, manage, report and analyze business data in real time.

Pegasystems Inc. develops customer relationship management software.  The software automates customer interactions across transaction-intensive enterprises. The Company provides its products to customers in the banking, mutual funds and securities, mortgage services, card services, insurance, healthcare management, and telecommunications industries.

Smartsheet Inc. provides software solutions. The Company offers cloud-based platform for work execution and management which enables teams and organizations to plan, capture, manage, automate, and improve business outcomes. Smartsheet serves customers in the State of Washington.

BILL Holdings, Inc. operates as a holding company. The Company, through its subsidiaries, offers cloud-based applications that simplifies, digitizes, and automates back-office financial processes for small and mid-sized businesses. BILL Holdings serves customers worldwide.

Tenable Holdings, Inc. operates as a holding company. The Company, through its subsidiaries, offers application and cloud based security solutions for finance, healthcare, retail, energy, and educational sectors. Tenable Holdings serves customers worldwide.

RingCentral, Inc. is a provider of software-as-a-service, or SaaS, solutions for business communications. The Company offers a multi-user, enterprise-grade communications solution that enables customers and their employees to communicate via voice, text, HD video and web conferencing and fax, on multiple devices, including smartphones, tablets, PCs and desk phones.

Kingsoft Corporation Ltd. develops and markets computer software.  The Company develops role-playing computer games and security, word processing, and spreadsheet software.

Technology One Limited is an Australian-based company that is engaged in the development, marketing, sales, implementation, support, and distribution of financial management and enterprise software solutions. The Company has operations in New Zealand, the United Kingdom, the South Pacific, and Malaysia.

Hundsun Technologies Inc develops application software for security firms, commercial banks, fund management firms, and other industries.  The Company also sells computer hardware and provides system integration services.

International Games System Co., Ltd. plans, designs, develops, manufactures, and markets software and hardware for arcade games, PC games, and Internet on-line games.

Trend Micro Incorporated develops and markets anti-virus computer software and internet security software.  The Company also sells its products in the United States, Europe, and Asia.

Tata Elxsi Limited manufactures computers and workstations besides providing system design, software development and integration services. The Group supplies its products to a number of industries, including the automotive, metals, consumer products, finance, IT & Communications, energy, chemicals, engineering, pharmaceuticals, entertainment and agro industries.

SQUARE ENIX HOLDINGS CO., LTD. develops and sells entertainment software for home video game consoles including Dragon Quest and Final Fantasy series. The Company also publishes books such as informational guide books for its game software, and comic magazines and books.  Additionally, Square Enix sells character goods and stationery items from its software products.

China National Software & Service Co., Ltd designs, develops, and integrates application software used for the taxation, railway telecommunication, military, commercial aviation, and financial industries.  The Company also designs Chinasoft Linux operating system and develops language conversion software to support Chinese, English, and Japanese

Altium Limited develops electronic design automation (EDA) software for the Microsoft Windows operating system.  Altium's products facilitate and aid in the design of electronic products such as printed circuit boards.  The Group's products are utilized by telecommunications, automotive, defense, science and consumer electronics industries.

Yonyou Network Technology Co., Ltd. develops and markets enterprise-wide business applications software, including financial, web-based, management, and security development software. The Company also offers training programs.

Qualys, Inc. provides information technology security risk and compliance management solutions. The Company offers products for vulnerability management, policy compliance, web application scanning, malware detection, and associated security products. Qualys conducts business in the United States.

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Qualys Inc (QLYS US)

Qualys Inc.: Will The Management Efforts Towards Expansion of Cloud Security Solutions Pay Off? - Major Drivers

Based on the first quarter 2024 earnings of Qualys, the company has evidenced a progressive trajectory with significant developments in its...

Baptista Research

Qualys Inc: What Are The 3 Biggest Challenges Faced By This IT Player? - Major Drivers

Qualys, a leading provider of cyber security solutions through its cloud-based platform, reported robust results for the fourth quarter of...

Baptista Research

Qualys Inc.: Pioneering in Cloud Workload Protection - What Sets Them Apart? - Major Drivers

Qualys, Inc. delivered a solid result and managed an all-around beat last quarter, with a 13% revenue growth, reaching $142 million. Channel...

Baptista Research

Qualys Inc.: How Deep Learning AI & ML Are About to Shift Cybersecurity Forever! - Major Drivers

Qualys, Inc. delivered an all-around beat in the previous quarter. The channel's share of revenue stayed at 43% from the previous quarter. By geo,...

Baptista Research

29 Reasons to Be Bullish

A bottom-up scan of stock charts shows over 29 stocks with bullish technical patterns consisting of uptrends or breakouts from multi-month bases...

Cam Hui

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