In today’s briefing:
- Quiddity Leaderboard S&P 500 June 2024 – Minimal Changes Expected but Intrareview Changes Possible
- EQD | S&P500 Futures (ES) Deeply Oversold WEEKLY, Reversal (Probably) Imminent
- Nike Inc.: A Tale Of Brand Elevation Through Greater Market Presence! – Major Drivers
- Braze Inc.: First-Party Data Investment As An Important Business Model! – Major Drivers
- Arrow Electronics: What Are The Biggest Challenges In Its Transition To The IT-As-A-Service Model? – Major Drivers
- Teradata Corporation: How Long Will The Growth in Cloud Annual Recurring Revenue (ARR) Last? – Major Drivers
- Varonis Systems: Will Its Transition to SaaS Offering Be Smooth Enough To Warrant A Bullish Rating? – Major Drivers
- ADEA: Not Just Another Licensing Deal
- AKA: Initiating Coverage of a.k.a. Brands with Buy and $14 PT: Upside Ahead
- Workiva Inc.: Innovations in AI and Reporting Capabilities Are Upping Their Game! – Major Drivers
Quiddity Leaderboard S&P 500 June 2024 – Minimal Changes Expected but Intrareview Changes Possible
- The S&P 500 index tracks the 500 largest names listed in the US and it is one of the most highly-tracked indices in the world.
- The index is reviewed quarterly. The next review will be in June 2024 and the evaluation date for the rankings for the constituent selection process is 6th June 2024.
- In this insight, we take a look at the Potential ADDs and Potential DELs for the June 2024 index rebal event and the intra-review ADDs/DELs.
EQD | S&P500 Futures (ES) Deeply Oversold WEEKLY, Reversal (Probably) Imminent
- The S&P500 has been falling for 3 weeks and 6 days, it is very oversold.
- The current Market Reversal Matrix pattern suggests a high probability LONG trade for this coming week and the next.
- The support price area where to enter LONG is the 4950-4900 but also higher prices between 5000 and 4950 could be a good entry point, although a bit riskier.
Nike Inc.: A Tale Of Brand Elevation Through Greater Market Presence! – Major Drivers
- In the Q3 2024 earnings, NIKE, Inc. outlined how it is driving growth despite not performing to its potential.
- The company is focusing on four key areas: a sharpened focus on sport, continuous product innovation, bolder and more distinctive brand marketing, and collaboration with wholesale partners to expand the marketplace.
- A significant measure of progress is the alignment of the organization to focus on the consumer and sport.
Braze Inc.: First-Party Data Investment As An Important Business Model! – Major Drivers
- Braze Inc. had a productive Q4 for the fiscal year 2024, reporting robust revenue growth and notable leaps in operational efficiency.
- The company generated $131 million in revenue, up 33% year-over-year and 6% quarter over-quarter.
- It is important to mention that these figures were achieved despite macroeconomic headwinds and tight scrutiny of budgets, reflecting the high ROI and enduring value of Braze’s customer engagement platform.
Arrow Electronics: What Are The Biggest Challenges In Its Transition To The IT-As-A-Service Model? – Major Drivers
- Arrow Electronics had a decent performance in 2023 despite the challenging macroeconomic conditions and inventory-related issues.
- Arrow Electronics managed to post a full-year revenue of $33.1 billion and a non-GAAP operating margin of 4.8%.
- The company also reported strong cash flow from operations, enabling the repurchase of approximately $750 million in shares over the year.
Teradata Corporation: How Long Will The Growth in Cloud Annual Recurring Revenue (ARR) Last? – Major Drivers
- Teradata Corporation, a leading hybrid multi-cloud analytics and data platform company, recently held its fourth quarter and full year 2023 earnings call, which indicates the company’s progress and future outlook in its sector.
- The company emphasizes its focus on customer satisfaction by delivering solutions for complex data and analytics problems.
- 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.
Varonis Systems: Will Its Transition to SaaS Offering Be Smooth Enough To Warrant A Bullish Rating? – Major Drivers
- Varonis Systems Inc. showcased strong performance in the fourth quarter and full year 2023 as they continued their transition towards Software-as-a-Service (SaaS).
- The successful transition of their offerings led to an incredible growth of the SaaS Annual Recurring Revenue (ARR) from several million dollars in 2022 to approximately $125 million by the end of 2023.
- This growth in SaaS ARR represented approximately 23% of the total company ARR at year-end.
ADEA: Not Just Another Licensing Deal
- ADEA announced it has licensed its intellectual property to Austrian service provider Magenta Telekom in what could be of bigger significance than what ADEA’s stock price portrays
- The license is the first for ADEA with a European service provider. This is also the first major customer win ADEA has announced since becoming a standalone IP company
- The size of the deal with Magenta is most likely small, but our focus is on what it could mean for ADEA. Magenta is owned by T-Mobile parent Deutsche Telekom.
AKA: Initiating Coverage of a.k.a. Brands with Buy and $14 PT: Upside Ahead
- We are initiating coverage of a.k.a. Brands Holding Corp.
- (“a.k.a. Brands” or the “company”), a leading owner of primarily online apparel-based brands focused on Generation Z and Millennial consumers, with a Buy rating and $14.00 price target, or 10.9X our 2025 EBITDA projection of $20.2 million.
- The company’s brands include: 1) Princess Polly, focusing on 15 to 25 year-old women; 2) Petal & Pup, which offers feminine styles for 25 to 34 year-old women; 3) Culture Kings, a street wear destination; and 4) mnml, a high-quality street wear designer focused on bottoms.
Workiva Inc.: Innovations in AI and Reporting Capabilities Are Upping Their Game! – Major Drivers
- Workiva ended 2023 with solid Q4 results, delivering an 18% growth in subscription revenue and a non-GAAP operating profit that exceeded its guidance.
- For the total of 2023, the firm overshot its earlier set guidance in February and Q3 2023, with a 20% growth in subscription revenue and 17% in total revenue.
- This marks Workiva as a growth player.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
