Technology

Technology equity research

Explore the most viewed and latest equity research and media content for companies within the Technology sector. Stocks in this sector focus on IT Services, Web Development, Software Development, and IT hardware.

Technology equity research

Stocks in this sector focus on IT Services, Web Development, Software Development, and IT hardware.

16 Jul 19

Cenkos: CloudCall Group Plc - 30% Growth

CloudCall is expected to deliver revenue growth of +30% YoY in the six months to June. The company is making good headway into large enterprise accounts although sales cycles are somewhat elongated in this market segment. This growth performance continues the strong trajectory seen last year but is slightly below our run rate projections for 2019E and we are revising our forecasts accordingly.

Companies: Cloudcall Group

16 Jul 19

H1’19 trading: Good progress, est. trim on timing

CloudCall published a trading update for H1’19, reporting strong commercial progress and reiterated management guidance on net user addition run-rate of >1,000/month for the year. A confluence of factors has led us to rebase our FY19E-FY20E nos for slight delays from: (1) a staggered rollout of the group’s recent enterprise contract win; and (2) time taken to implement SMS within MS Dynamics; alongside (3) additional headcount to smooth enterprise onboarding. However, with liquidity robust post the refinancing of the group’s revolving facility, we continue to view our thesis as intact. We reiterate our Buy rating on the shares as one of our top picks of 2019, seeing substantial upside potential to our revised 260p PT.

Companies: Cloudcall Group

16 Jul 19

Small Cap Feast

Voyager AIR The Company will focus on the acquisition, leasing and management of primarily widebody aircraft, with asset management services to be provided by Amedeo Limited the IPO will comprise a Placing and Offer for Subscription of Shares to raise up to approximately US$200m. Uniphar, a diversified healthcare services business with a workforce of over 2,000, is looking to join AIM. Raising EUR135m with market cap on admission of EUR309.6m, expected 17 July 2019. Roxi Music UK music streaming service plans London IPO as it goes up against Spotify. They have appointed investment bank Arden Partners for an initial public offering (IPO) on the London Stock Exchange later this year.

Companies: CALL BIRD ABC KDR EMAN BST SCE ZEG SAG FUL

11 Jul 19

Blancco is back & beating expectations

Watershed events by their very nature have the power to reshape entire industries. Take cyber-security, which this week saw the UK's data privacy regulator (ICO) slap fines of £183.4m & £99.2m for GDPR breaches on British Airways & Marriott Hotels respectively. Enormous sums of money that will surely send shivers down the spines of Boardrooms worldwide.

Companies: Blancco Technology Group

15 Jul 19

Strength across the board

Instem has announced a positive H1 update, with all three areas of the business performing well in the period with new customer wins in Data Collection and increased volumes in Regulatory Solutions and Informatics. The move towards a SaaS model by both new and existing customers is accelerating, which bodes well for the future. Similarly, there is confirmation that Instem continues to capitalise on the opportunities afforded by the FDA’s SEND standard, with outsourced service revenues more than doubling YoY. Overall trading is described as in line with a positive outlook and we make no change to our forecasts this morning. Instem is one of our Best Ideas for 2019 and is successfully executing on a number of fronts, building strategic value along the way.

Companies: Instem

16 Jul 19

Facebook to use Libra to become utility, Slack not worried about Microsoft, Symantec ends talks with Broadcom

The Senate Banking Committee on Monday released the testimony of David Marcus, the head of Facebook's cryptocurrency projects ahead of his testimony Tuesday. In his prepared remarks, Marcus perfectly outlines the business model behind the social network’s upcoming Libra digital currency and its Calibra digital wallet. Microsoft might be the primary competitor for Slack, but the widespread adoption of Microsoft's software is not a major problem for Stewart Butterfield, co-founder and CEO of the messaging app. Last week, Microsoft said Teams had more daily active users than Slack. Cybersecurity company Symantec Corp has walked away from negotiations to sell itself to chipmaker Broadcom over price disagreements, people familiar with the matter said on Monday. Symantec's decision raises new questions over the future of the US antivirus software provider, which is looking for a new CEO and has been struggling to grow its business serving companies.

Companies: KAPE AVST CNS DFX ECSC FLX IGP NCC OSI SWG SOPH

15 Jul 19

WANdisco - Strategic deal signed with enterprise cloud partner

WANDisco has signed a deal to embed its Fusion technology within the migration and replication platform of a major enterprise cloud partner. We see this as a significant announcement that highlights the strategic value of its technology within the cloud ecosystem. Although details on the financial contribution are not yet provided, we expect it to lead to a big uplift in revenue from this partner.

Companies: Wandisco

17 Jul 19

Ideagen - The growth benefits of Organic + Acquired + Process

Ideagen has reported prelims to April 2019 delivering, as ever, forecasts in line with the May trading update and unchanged expectations. Recurring revenue improved to 67% (FY17: 57%; FY18: 62%), en route to the target 74% by FY20, with a steady stream of well executed acquisitions to boost organic growth (currently 8%) in contributing to the grander ambitions in hand – to achieve the three-year objective of £100m (including c£30m acquired) revenue run rate by FY22. The Integrated Risk Management market is growing at 13% per annum (Gartner, measured by total contract value and not organic recurring revenue growth per IFRS15!), and the confident June Capital Markets Day demonstrated that the group has the depth in management and rigorous processes to accommodate momentum in growth. FY20 forecasts are unchanged, indicating headline 25% revenue growth (organic and acquired) and 32% EBITDA growth, and we issue maiden FY21 forecasts, knowing full well they will inevitably be boosted with the high probability of further acquisitions. Target 180p reiterated.

Companies: Ideagen

15 Jul 19

SEND, SaaS and strength of pipeline

Instem has published a trading update for H1 2019E – the group is trading well, and we make no changes to estimates. Highlights include a faster-than-expected transition to SaaS for new deals, a doubling of SEND-related sales, and a strong pipeline for H2. Cash collections appear robust, and the business is seeing strength across the board. FY 2019E will be H2-weighted (especially at the profit level, given the SaaS transition) but appears to be shaping up well.

Companies: Instem

16 Jul 19

GB Group - Letting the right one in

GB Group’s Identity capital markets day was a deep dive into the group’s largest business (36% of FY19 revenues). With electronic identity verification (eIDV) a structural growth market, GBG has invested heavily in the business over the last four years, expanding geographically and adding new capabilities and data sets. We forecast the identity business to be the fastest growing division over the next three years, underpinning the group’s targeted double-digit organic revenue growth target.

Companies: GB Group

10 Jul 19

H1 update reveals Platform profitability from Q2

This trading update highlights the growing strength of Bango’s position. The payment processing platform continues to make excellent progress on the back of rapidly growing End User Spend (EUS), its revenues now covering the cash costs. The cash it generates will fund development of the new exciting data monetisation business, which has made an encouraging start; making early sales while its range of audiences offered expands. In turn, it should feed platform volumes in a virtuous circle to grow the whole group business. Overall, H1 revenue grew 64% YoY to £4.3m, assisted by a full half of Audiens. The full results are out in September.

Companies: Bango

11 Jul 19

4th consecutive half of top-line growth

In a positive H1 trading update IndigoVision unveiled a fourth half year period of sequential top-line growth. As a result of revenues rising to $24.1m (+8% y/y) and cost rationalisation undertaken in the prior year, management expect to deliver positive half-year operating profits for the first time since 2014. The balance of net cash held by the group rose to $2.7m by the end of the H1 period (Dec-18: $2.0m). Current trading looks in-line with expectations, following similar seasonal H2 weighting patterns as in prior years, so we make no changes to our full year forecasts. A 1-year forward P/E multiple of 6.6x looks attractive, and provided management are able to successfully deliver continued positive top-line momentum in the medium-term, upside potential is high.

Companies: Indigovision Group

16 Jul 19

WANdisco - WANdisco announces Databricks partnership

WANdisco has announced a partnership with Databricks, a rapidly growing supplier of cloud-based analytics. The partnership aims to help enterprise customers using on-premise Hadoop analytics solutions to migrate to Databricks’ Apache Spark-based platform. No financial details are provided but an analysis of the Hadoop market suggests it could be a significant opportunity for WANdisco.

Companies: Wandisco

16 Jul 19

First Light

WANdisco (WAND) – Corporate – Databricks Partnership

Companies: Wandisco

12 Jun 19

CloudCall - Significant new CRM integration & partnership

CloudCall has announced a significant new integration this morning, with The Access Group’s CRM system called ‘Profile’. We believe this is a positive development and anticipate an upbeat response from the market in early trading. Leveraging the group’s ‘Unify’ architecture, the integration will both expand CloudCall’s potential market by the 500+ companies (with c.15,000 active users) that have deployed Profile and allow the group to benefit from marketing support from Access.

Companies: Cloudcall Group

02 Jul 19

Executive interview - IQE

05 Jun 19

SmartSpace Software (SMRT) Presentation at Mello May 2019

18 Jun 19

Castleton Technology (CTP) full year results to 31st March 2019

05 Jun 19

K3 Business Technology Group (KBT) Presentation at Mello May 2019

07 Jun 19

Blancco - Capital Markets Day 2019 - Highlights Video

03 Jun 19

Panoply Holdings (TPX) Presentation at Mello May 2019

04 Jun 19

Proposed Sale of eServGlobal (ESG) core business

29 Apr 19

Proactis (PHD) Interim results & strategy review April 2019

02 Jul 19

Zoo Digital Group (ZOO) FY19 results presentation

23 Apr 19

Tekcapital - Salarius launches production of MicroSalt® and secures first commercial order

10 May 19

Proactis (PHD) H1 2019 results presentation

15 Apr 19

Executive interview - Nanoco

27 Mar 19

Brave Bison Results Update

10 Apr 19

Location Sciences 'a leader in location verification' in multi-billion pound market

13 Jul 18

Castleton Technology (CTP) Capital Markets Day 2018

Latest Content

ASML Holding

Still very confident in its end-demand

The company continued to enjoy the sweet spot of its quasi-monopolistic position in the Lithography market and monopolistic one in EUV. Thus, ASML is one of the very few semiconductor equipment companies that will enjoy growth this year, supported by a healthy mix of clients. Therefore, despite the softness on the market, ASML has not changed its FY19 guidance and has reiterated its confidence in fulfilling all of its objectives.

View

17 Jul 19
-
-

IDEA AAOG TCM

Morning Note – 17 July 2019

Upgrade to View

17 Jul 19
-
-

Ideagen

Ideagen - The growth benefits of Organic + Acquired + Process

View

17 Jul 19
-
-

BGO BOKU FFX TECH BOOM D4T4 EYE

Spotify falls after Apple podcast plans, Amazon offers credit for data, London based Curve valued at $250m

Spotify stock dropped over 1% on a Bloomberg report that Apple plans to fund its own original podcasts. Apple executives have reached out to media companies to buy exclusive rights to podcasts, according to the report. Amazon has a promotion for US shoppers on Prime Day, the 48-hour marketing blitz that started Monday: Earn $10 of credit if you let Amazon track the websites you visit. The catch, as Amazon explains in the fine print, is the company can use this data to improve its general marketing, products and services, unrelated to the shopping assistant. Curve, the London-based “over-the-top banking platform,” has raised $55 million in new funding. The start-up lets you consolidate all your bank cards into a single Curve card and app to make it easier to manage your spending and access other benefits. The new round of funding values Curve at $250 million and will be used by the company to continue adding more features to its platform and for further European expansion.