In today’s briefing:
- Tenable Holdings: Initiation of Coverage – Unlock the Secrets Behind Tenable’s High Recurring Revenue and Sky-High Margins! – Major Drivers
- Allegro MicroSystems: Initiation of Coverage – How Its Strategic Focus is Electrifying the Future of Transportation – Major Drivers
- Cambium Networks Corporation – CFO Departure and 4Q23 Miss Driven by Distributor Incentives
- Iridium Communications: Initiation of Coverage – Can It Capitalize On The IoT Explosion? – Major Drivers
- Kyndryl Holdings: Initiation of Coverage – How Kyndryl Consult Is Shaping a New Era of Revenue Generation – Major Drivers
- Teradata Corporation: Initiation of Coverage – Unleashing Cloud Potential! Why Its Cloud-Based Platform Is the Talk of the Tech World – Major Drivers
- Varonis Systems: Initiation of Coverage – Can It Come Out A Winner From The SaaS Transition? – Major Drivers
- ECM Weekly (21st Jan 2024) – Mixue, Amer, Medi Assist, IPO Pipeline, Yamae, Alchip, NHPC, ASMedia
- Workiva Inc: Initiation of Coverage – Unveiling Their Winning Strategy in Turbulent Geopolitical and Economic Times – Major Drivers
- Braze Inc: Initiation of Coverage – Discover How Braze’s Innovative Approach Is Setting New Industry Standards – Major Drivers
Tenable Holdings: Initiation of Coverage – Unlock the Secrets Behind Tenable’s High Recurring Revenue and Sky-High Margins! – Major Drivers
- This is our first report on cyber exposure solutions provider, Tenable Networks.
- The company’ Q3 2023 earnings highlighted steady financial performance, strong contributions from its platform products like Tenable One, and overall business growth, particularly in the public sector.
- In this report, we have carried out a fundamental analysis of the historical financial statements of the company.
Allegro MicroSystems: Initiation of Coverage – How Its Strategic Focus is Electrifying the Future of Transportation – Major Drivers
- This is our first report on sensor technology player, Allegro MicroSystems.
- Sales in these strategic growth areas made up 56% of total sales, indicating a successful strategy execution focused on these specific sectors.
- The company’s automotive revenues grew 31% year-over-year, with the electrification of vehicles and Advanced Driver Assistance Systems adoption being the main growth drivers.
Cambium Networks Corporation – CFO Departure and 4Q23 Miss Driven by Distributor Incentives
- On January 18, 2024, Cambium preannounced that 4Q23 revenue would likely come in at $40 million, below its guidance of $45.0-50.0 million provided on November 2, 2023.
- This is the third revenue miss in a row.
- Cambium stated that the revenue miss was driven by $11 million in distributor incentives in 4Q23.
Iridium Communications: Initiation of Coverage – Can It Capitalize On The IoT Explosion? – Major Drivers
- This is our first report on mobile voice and data communications services provider, Iridium Communications.
- The company’s Q3 2023 Earnings demonstrated both the company’s resilient growth and emerging challenges in an increasingly competitive environment.
- In this report, we have carried out a fundamental analysis of the historical financial statements of the company.
Kyndryl Holdings: Initiation of Coverage – How Kyndryl Consult Is Shaping a New Era of Revenue Generation – Major Drivers
- This is our first report on IT services company, Kyndryl.
- This increase has been attributed to successful execution of its operations, demonstrating their ability to drive substantial profit growth in the company.
- In this report, we have carried out a fundamental analysis of the historical financial statements of the company.
Teradata Corporation: Initiation of Coverage – Unleashing Cloud Potential! Why Its Cloud-Based Platform Is the Talk of the Tech World – Major Drivers
- This is our first report on hybrid cloud analytics software provider, Teradata Corporation.
- The company’s 2023 Q3 earnings were recently reported and the leading cloud analytics and data platform company had delivered another strong quarter and remained confident it would achieve its 2023 forecast.
- In this report, we have carried out a fundamental analysis of the historical financial statements of the company.
Varonis Systems: Initiation of Coverage – Can It Come Out A Winner From The SaaS Transition? – Major Drivers
- This is our first report on Varonis Systems, a company specializing in data security and analytics.
- The company is navigating a pivotal shift in its business model, transitioning from traditional software offerings to a Software as a Service (SaaS) model.
- In this report, we have carried out a fundamental analysis of the historical financial statements of the company.
ECM Weekly (21st Jan 2024) – Mixue, Amer, Medi Assist, IPO Pipeline, Yamae, Alchip, NHPC, ASMedia
- 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, we continued our coverage of Amer Sports (AS US) and looked at Mixue Group Hong Kong filings.
- Placements continued to trickle in throught the week, across the region, apart from Hong Kong.
Workiva Inc: Initiation of Coverage – Unveiling Their Winning Strategy in Turbulent Geopolitical and Economic Times – Major Drivers
- This is our first report on Workiva Inc., a leading provider of solutions for enterprise productivity.
- Baptista Research looks to evaluate the different factors that could influence the company’s price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.
- In this report, we have carried out a fundamental analysis of the historical financial statements of the company.
Braze Inc: Initiation of Coverage – Discover How Braze’s Innovative Approach Is Setting New Industry Standards – Major Drivers
- This is our first report on customer engagement platform operator, Braze Inc.
- The company’s Q3 2024 earnings highlighted consistent YoY growth, despite a challenging macroeconomic environment, with its operating efficiency throughout the business.
- Non-GAAP gross margin improved by 170 basis points YoY, and non-GAAP operating margin exceeded last year’s third quarter by 1,100 basis points.
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