Focusrite has beaten our FY16 estimates, resulting in forecast upgrades. More importantly, perhaps, developments in the second half support our confidence in the strategy of expanding its markets and ranges with innovative and disruptive products. These include the successful launch of the second-generation Scarlett, confirming the sustained brand strength of the products, and the growing strength of the Far East where the company has a strategic geographical focus. We increase our DCF valuat
22 Nov 2016
Second half strength supports the strategy
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Second half strength supports the strategy
Focusrite PLC (TUNE:LON) | 310 0 0.0% | Mkt Cap: 183.6m
- Published:
22 Nov 2016 -
Author:
Paul Hickman -
Pages:
7
Focusrite has beaten our FY16 estimates, resulting in forecast upgrades. More importantly, perhaps, developments in the second half support our confidence in the strategy of expanding its markets and ranges with innovative and disruptive products. These include the successful launch of the second-generation Scarlett, confirming the sustained brand strength of the products, and the growing strength of the Far East where the company has a strategic geographical focus. We increase our DCF valuat