In today’s briefing:
- EQD | Volatility Update: Weekly Review of Vol Changes and Best Trades
- ECM Weekly (13th Nov 2022) – I-Tail, Blibli, Nykaa, PB Fin, Five Star, Archean, GDRs, Axis Bank
- Ansys Inc: Ansys Gateway On AWS & Other Drivers
- HubSpot Inc: New Products & Other Drivers
- Trimble Inc: Acquisition of B2W Software & Other Drivers
EQD | Volatility Update: Weekly Review of Vol Changes and Best Trades
- Weekly summary of vol changes and moves across Global Markets
- Analysing ATM volatility and skew changes over the last 5 days
- We suggest a few trades to take advantage of the implied vol surfaces
ECM Weekly (13th Nov 2022) – I-Tail, Blibli, Nykaa, PB Fin, Five Star, Archean, GDRs, Axis Bank
- Aequitas Research puts out a weekly update on the deals that were covered by the team recently along with updates for upcoming IPOs.
- On the IPO front, Indian IPOs continue to trickle in, while other regions appear to be waking up from their slumber.
- There were a few GDR issuances this week, along with another placement in Axis Bank Ltd (AXSB IN) and a number of lock-up expiries.
Ansys Inc: Ansys Gateway On AWS & Other Drivers
- Ansys delivered a positive quarterly result with a strong performance on most key metrics, including revenues, earnings per share, operating margins, and ACV.
- Semiconductor and high-tech, automotive and ground transportation, and aerospace and defense were again the largest contributors in this quarter.
- The startup program of the company is growing as the nascent companies are taking advantage of Ansys solutions.
HubSpot Inc: New Products & Other Drivers
- HubSpot delivered a good quarterly result with revenue growth beyond market expectations, especially in terms of constant currency.
- The company also delivered an earnings beat as it added more than 8000 net new customers this quarter.
- In spite of the more challenging macro environment, HubSpot maintained a healthy growth retention rate largely given its low pricing.
Trimble Inc: Acquisition of B2W Software & Other Drivers
- Trimble showed a decent organic revenue growth in the last quarter but failed to meet Wall Street expectations on the revenue front.
- The company’s top-line was impacted by the changes in the foreign exchange rates and it barely managed to meet market expectations regarding earnings.
- Recurring and software revenue continued to grow at quite a strong rate which is reflected by the sequential acceleration of its organic ARR growth.
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