Event in Progress:
Discover the latest content that has just been published on Research Tree
Companies: Cirata Plc
Liberum
9 March 2023 @HybridanLLP 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: XSG CRTA SYM SSIT ENSI FRAN ORR ONEM IQE JIM
Hybridan
WANdisco’s deal flow momentum continues, with a $9m contract with a European consumer goods and manufacturing company. This win is notable in that it is the company’s first deployment for migrating a manufacturing company’s process data to the cloud. The manufacturing sector is increasingly producing large sets of data and has therefore been identified as a strategic target market for WANdisco. The deal provides early support to our recently upgraded 2023 estimates.
Edison
WANdisco’s (WAND’s) FY22 trading update confirms that both momentum and the pipeline remain exceptionally strong, with bookings of $127m (up by 967% y-o-y, Edison $116m) and revenues of at least $24m (+230% y-o-y, Edison $19.0m). We raise our FY23 bookings and revenue estimates by 8.3% and 7.1% respectively. The fact that WAND’s pipeline remains at record levels, even after the conversion of recent deals, indicates that deal flow momentum is likely to sustain the risk to estimates on the upside.
11 January 2023 @HybridanLLP 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 object
Companies: NICL DELT COG ABDP PYC W7L WSBN KIBO CRTA
WANdisco started 2023 on a strong note, announcing a $6.6m data-migration contract with a global telecom service provider. This is the third telecom provider to choose WANdisco for data migration, highlighting how it is becoming a ‘go-to’ supplier for large-scale Internet of Things (IoT) deployment. It is encouraging to see a deal this early in the year; historically, deal flow has been strongly weighted to the second half. This win supports our estimates, particularly revenues, given the up-fro
WANdisco’s $12.7m data migration deal with a global automotive manufacturer further strengthens the company’s position in the rapidly evolving automotive sector. It also highlights the central role that WANdisco plays in enabling data-centric Internet of Things (IoT) strategies. While the one-off nature of this contract means that the lifetime value of this deal is likely less than the recently announced large commit-to-consume deals, it is still very significant in size, prompting further upgra
Joiners: No joiners today. Leavers: PCF Group has left AIM. What’s cooking in the IPO kitchen?** Quetzal Capital, to be renamed Tap Global Group, intends to join the AQSE Growth Market. Tap Global is an innovative and fully integrated provider of crypto settlement and fiat banking. It provides its customers with access to several major crypto exchanges through Tap Global’s app, allowing them to purchase up to 15 crypto assets and store them directly in the customer’s wallet. Tap Global also offe
Companies: AFRN TEK TAVI TUNE CRTA THX
WANdisco continued its run of large contract wins with the announcement of a record $31m commit-to-consume (CtC) agreement with a tier 1 global telco supplier. This win highlights the product/market fit and potential of the Internet of Things (IoT) use case, where applications require continuous movement of large amounts of data. We raise our FY22e and FY23e bookings and ending remaining performance obligations (RPO) as WANdisco’s momentum is encouraging. Until we have more visibility on the rat
Premium
WANdisco has announced another follow-on deal with a major European automotive supplier, worth $13.2m on a commit-to-consume (CtC) basis. This is the third deal with this client this year, taking the total committed contract value from the customer to $25.3m in 2022 and highlighting WANdisco’s exceptional product/market fit in the high-growth Internet of Things (IoT) market. Management also confirmed that the company’s pipeline is at record levels and that the business is seeing an acceleration
Research Tree provides access to ongoing research coverage, media content and regulatory news on Cirata Plc. We currently have 0 research reports from 8 professional analysts.
Share: