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With the increasing spread of the work-from-home culture, NortonLifeLock’s consumer cybersecurity offerings have been lapped up far and wide by consumers across the globe. The company delivered a robust double-digit growth led by Covid-19 and its growth was broad-based over regions and products. The management has continued its strategic investments in indirect and direct channels to reach out to new customers. In Germany, the company launched Avira Identity assistant, which includes localized s
Companies: NortonLifeLock Inc (NLOK:NYSE)NortonLifeLock Inc. (NLOK:NAS)
NortonLifeLock has had a strong financial performance for the trailing twelve-month period and is benefitting from a strong macro for consumer cybersecurity particularly after the increased use of personal PCs as a result of the pandemic. The management continued to drive improvements across several key business areas and delivered a double-digit growth on both the top and bottom lines in the recent quarter. NortonLifeLock demonstrated a broad-based growth profile that reflected diversification
NortonLifeLock is heavily benefitting from a strong macro for cybersecurity and had yet another strong quarter. The company continued to drive improvements across several key business areas and delivered a double-digit growth on both the top and bottom lines. In the third quarter, revenue and bookings increased by 12% and 11%, respectively and NortonLifeLock demonstrated a broad-based growth profile that reflected diversification across their product portfolio, channels, and geographies. The com
NortonLifeLock continued to grow steadily in the second quarter, with revenue up 11% and bookings increasing in the high single digits. The company is focused on improving customer experience, scaling its integrated cyber safety platform, and speeding up product innovation from core security to trust-based digital solutions to drive growth. They started the quarter by releasing Norton Utilities Ultimate, a new performance maintenance product that helps users have a faster, smoother, and more sec
Norton LifeLock Inc. has started the 2022 fiscal with a bang after a solid set of results for Q1 despite the unpredictable macro-environment and the transition to a post-pandemic environment in several parts of the world. The company has shown significant growth of 12% and 13% in their bookings and revenue, respectively, and EPS grew by 35%. Also, the management went on to launch Norton Crypto, a digital currency platform that allows users to track, transfer and store earnings in the cloud with
NortonLifeLock achieved our target price after it reported a strong fourth quarter of 2021 and managed to beat the analyst estimates with better-than-expected results. This outperformance was primarily driven by impressive customer growth with the company adding 2 million new customers in Q4 alone. In addition, the company also approved a share repurchase program of $1.5 billion. NortonLifeLock is expected to benefit from consolidation in its core markets, international expansion, and upselling
Companies: NortonLifeLock Inc. (NLOK:NAS)NortonLifeLock Inc (NLOK:NYSE)
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Companies: Bango plc
Founded by proven entrepreneurs Subash Menon and Sudeesh Yezhuvath who retain a 29% stake, Pelatro is a fast-growing software company focused on customer engagement solutions that help enterprises increase revenue and reduce churn.
Companies: Pelatro Plc
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Unigel Group, intends to join the Aquis Growth Market. Unigel Group is a pioneer in the field of thixotropic gels for the fibre optic cable industry. The Company is also a supplier of laminated steel tapes to the fibre optic cable industry in the US. Thixotropic gels and laminated steel tapes are essential components to the rapidly growing global fibre optic cable market. The Group export
Companies: SDI FUL PURP OSI IXI BSE BRSD ATM
TEK reported H122 financial results with an increase in net assets to US$77m +13% sequentailly. This translates to a a value of US$0.51/shr. The changes in NAV for the period are the increase in tangible value of Lucyd plc by US$9.7m and Salarius by US$1.6m, and a decrease in Belluscura by US$3.8m since 30 Nov 2021. As at 31 May 2022, TEK had cash of US$1.15m, which included a fundraise of US$2.5m (some of which was received post 31 May 2022). Funds are being used for working capital, and to sup
Companies: Tekcapital Plc
Companies: TIDE EXR FTC KMK PEB RBG ETP
A year on from the end of lockdown on July 19 2021, celebrations at the UK's economic bounce-back in H2-21 have long lost their fizz. Two intertwined themes have remained salient / gathered pace over the past six months since our mid-year sector review: exchange rates and inflation. As we write today, press speculation is focussing on the possibility of a 0.5% rise in UK interest rates in August, billed as the biggest move in 27 years. Looking further afield, economists are looking to the F
Companies: FOUR JIM JIM CODE PEN PTD WATR SPSY
National World reported interim results that were well ahead of our estimates and despite the challenging macroeconomic environment we maintain our FY22 estimates.
Companies: National World PLC
This quarter’s key observations
• Subsector performance: Marketplaces was by far the best performing subsector from an aggregate share price perspective (up 19.9%) vs. an average –5.2% for the other five subsectors. UK Digital Media was the worst performing subsector with a -12.4% aggregate share price move.
• Valuation trends: UK Managed Services saw the largest EV/ EBITDA derating (-2.1x) and is now on the lowest EV/Sales multiple (1.5x FY1) and second lowest average EV/EBITDA (11.3x FY1
Companies: CNIC BIG DEVO LBG OTMP SYS
The prescient demand for cyber security protection is shown in these results, with double-digit organic revenue and EBITDA growth. Major contracts wins are reinforcing revenue visibility and the re-platforming of the Software division bodes well for new sales once completed.
Companies: Shearwater Group plc
Journeo has released a positive trading update following their half-year ending 30 June 2022. The release documents a healthy period of trading and points towards FY22E being another record year for revenue. A new follow-on contract at Heathrow Airport, worth £0.9m, has been announced. The current trading is in-line with our expectations and we leave forecasts unchanged. Journeo remains materially undervalued given its top-line revenue growth and its progress on the SaaS business model. It curre
Companies: Journeo plc
29 July 2022
Status of this Note and Disclaimer
This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment objective
Companies: THR TSL SWG ECR SEMP DPP AEE
Q3 21/22 was strong with an acceleration in organic recurring revenue growth (+10% vs +8% in H1 21/22) thanks to demand for cloud software in small/medium-sized companies. Growth was the fastest in North America. Sage Business Cloud revenue surged by +20%. At present there is no impact from the uncertain economic environment on the activities. Sage is confident that it can achieve the high-end of the recurring revenue growth range in FY21/22 (+8-9%) and confirmed guidance of an improvement in th
Companies: Sage Group plc
LSEG realised a strong quarter with continued growth in Data & Analytics (recurring revenue) while benefiting from the volatile market environment in Capital Markets and Post-Trade. Thanks to its good progress on its revenue and cost synergies targets, opex landed particularly low vs consensus, leading to a good improvement in adjusted EBITDA margin, now in line with the 2023 target. Management looks set to achieve all its long-term targets and estimates that momentum seen in H1 should continue
Companies: London Stock Exchange Group plc
H1 revenues increased by a strong 39% to £27.6m, within which recurring software revenues increased by over 60% as management continues to focus on higher margin activities. Whilst wage inflation held back H1 profit growth as previously discussed, price increases will support H2. Market conditions in pharma R&D are robust, with demand for Instem’s solutions remaining high. Visibility for H2 has increased, meaning trading for the full year is reported to be in line with expectations. We make no c
Companies: Instem plc
Singer Capital Markets
Today's update from PEN provides further evidence for the significant positive shifts we see in the business. Notably, we are highly encouraged by software progress: (1) software sales up 40% YoY, (2) a good spread across one-off and ongoing (long-term) revenues and (3) significant exposure to PEN's long-term US target market as well as Australasia. PEN is responsible for software / integrated product support solutions supplied to a prestigious client-base of OEM's and governments, and the gr
Companies: Pennant International Group plc