We believe CloudCall continues to present a compelling combination of US-centric channel partnerships, a low churn/high visibility business model and 32% sales CAGR while trading at a discount to global peers. FY results were inline and the outlook statement upbeat. We have refreshed our model to incorporate FY18 themes, guidance on investments to bolster the platform (increasing short term costs) and management’s accelerating channel partner strategy. Our revised PT of 270p implies sub
27 Mar 2019
FY results inline; realigning model & retaining Buy
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FY results inline; realigning model & retaining Buy
- Published:
27 Mar 2019 -
Author:
Kartik Swaminathan -
Pages:
5
We believe CloudCall continues to present a compelling combination of US-centric channel partnerships, a low churn/high visibility business model and 32% sales CAGR while trading at a discount to global peers. FY results were inline and the outlook statement upbeat. We have refreshed our model to incorporate FY18 themes, guidance on investments to bolster the platform (increasing short term costs) and management’s accelerating channel partner strategy. Our revised PT of 270p implies sub