In today’s briefing:
- Tenable Holdings: Initiation of Coverage – Unlock the Secrets Behind Tenable’s High Recurring Revenue and Sky-High Margins! – Major Drivers
- Cambium Networks Corporation – CFO Departure and 4Q23 Miss Driven by Distributor Incentives
- Culp, Inc. – Updating 3Q Estimate Following WTR Conference Comment
- 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
- Sensata Technologies: Initiation of Coverage – The 4 Biggest Drivers Taking The Company Forward! – Financial Forecasts
- 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
- Braze Inc: Initiation of Coverage – Discover How Braze’s Innovative Approach Is Setting New Industry Standards – Major Drivers
- Workiva Inc: Initiation of Coverage – Unveiling Their Winning Strategy in Turbulent Geopolitical and Economic Times – 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.
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.
Culp, Inc. – Updating 3Q Estimate Following WTR Conference Comment
- Following Culp’s presentation at the WTR Furniture/Furnishings Virtual Conference, we are updating our 3Q estimates.
- CEO Robert Culp IV warned that 3Q operating income will fall short of previous expectations.
- The 3Q operating loss will approach $2.2 million, in line with the 2Q operating loss.
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.
Sensata Technologies: Initiation of Coverage – The 4 Biggest Drivers Taking The Company Forward! – Financial Forecasts
- This is our first report on sensor-based technology solutions provider, Sensata Technologies.
- The dip in revenue was cited due to factors like market outgrowth slowing over the last 12 months and unfavorable movements in foreign currency.
- 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.
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.
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.
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