We believe CloudCall’s strong FY trading update reinforces a compelling combination of US-centric channel partnerships, a low churn/high visibility business model and >30% sales CAGR at a discount to global peers. CloudCall’s shares have fallen 53% off their May’18 peak and now trade on 1.7x 2019E EV/sales. Our confidence in the outlook is growing and we believe the group’s shares remain materially underpriced. We reiterate our Buy rating and look forward to the CMD
15 Jan 2019
Robust FY trading update
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Robust FY trading update
- Published:
15 Jan 2019 -
Author:
Kartik Swaminathan -
Pages:
7
We believe CloudCall’s strong FY trading update reinforces a compelling combination of US-centric channel partnerships, a low churn/high visibility business model and >30% sales CAGR at a discount to global peers. CloudCall’s shares have fallen 53% off their May’18 peak and now trade on 1.7x 2019E EV/sales. Our confidence in the outlook is growing and we believe the group’s shares remain materially underpriced. We reiterate our Buy rating and look forward to the CMD