Arteria Networks (Buy) - Q2 21 Results Reaction: Growth Rates Trending Higher

Arteria Networks (Buy) - Q3 21 Results Reaction: Profitability Beat Should Help with Recent Weakness

Arteria Networks (Buy) - Q4 21 Results Reaction: Between a Rock and a Hard Place

Arteria Networks Q4 20 Results: Robust Growth in Mid-Term Plan

Arteria Networks - Focused Growth Supported by High-Quality Assets (Initiation of Coverage)

Arteria Networks Q3 20 Results: Encouraging Return to Top-Line Growth Despite Margin Shortfall

Telco/Internet specialist

Kirk Boodry

Redex Research

Equity Bottom-Up

<p>Arteria shares have rebounded from a dreary 2020 as Q4 results and an optimistic mid-term plan have re-kindled interest in telecoms growth. Management will invest heavily in FY21 to support revenue CAGR of 8% through 2025. We are slightly more conservative but our forecasts for FY25 revenue and profitability are 10% higher than before and support a higher valuation. We are raising our DCF-driven FY21 target price from ¥2,380 to ¥2,800 and with 45% potential upside to our target, remain at Buy.  </p>

Arteria shares have rebounded from a dreary 2020 as Q4 results and an optimistic mid-term plan have re-kindled interest in telecoms growth. Management will invest heavily in FY21 to support revenue CAGR of 8% through 2025. We are slightly more conservative but our forecasts for FY25 revenue and profitability are 10% higher than before and support a higher valuation. We are raising our DCF-driven FY21 target price from ¥2,380 to ¥2,800 and with 45% potential upside to our target, remain at Buy.  

Arteria Networks (Buy)- Aggressive Growth Plans Highlight Market Potential

ARTERIA Networks Corp

Arteria Networks (Buy)- Aggressive Growth Plans Highlight Market Potential