Shearwater sells resilience and today's trading update shows us how resilient demand has been for its products and services. The Group has swung to EBITDA profitability and cash flow is well ahead of expectations. The macro themes of cyber security and remote working are supportive of robust demand levels going forward. We are maintaining our forecasts. Buy.
02 Apr 2020
Cenkos: Shearwater Group Plc -- Resilient cyber performance
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Cenkos: Shearwater Group Plc -- Resilient cyber performance
Shearwater Group plc (SWG:LON) | 50.0 0 0.0% | Mkt Cap: 11.9m
- Published:
02 Apr 2020 -
Author:
Cavendish Research -
Pages:
5
Shearwater sells resilience and today's trading update shows us how resilient demand has been for its products and services. The Group has swung to EBITDA profitability and cash flow is well ahead of expectations. The macro themes of cyber security and remote working are supportive of robust demand levels going forward. We are maintaining our forecasts. Buy.