04 Jun 2019
Cenkos: Vianet Group Plc - Smart Machines is motoring
The acquisition of Vendman is supporting Smart Machines growth by accelerating the number of connected machines in the market. These results are understated because of the shift to annuity revenue contracts. The financial impact of this move is creating a very predictable income stream. The rating of the stock is out of kilter with how recurring revenue businesses are typically valued in the technology sector. Buy
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Cenkos: Vianet Group Plc - Smart Machines is motoring
Vianet Group plc (VNET:LON) | 101 0 0.0% | Mkt Cap: 29.7m
- Published:
04 Jun 2019 -
Author:
Cavendish Research -
Pages:
5
The acquisition of Vendman is supporting Smart Machines growth by accelerating the number of connected machines in the market. These results are understated because of the shift to annuity revenue contracts. The financial impact of this move is creating a very predictable income stream. The rating of the stock is out of kilter with how recurring revenue businesses are typically valued in the technology sector. Buy