Bryan Garnier - CAST SA (CAS) CAST: Q4 2019 sales below expectations; breakeven now for 2020 | BUY | EUR3,5 vs. EUR4,3 (+40%)

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Bryan Garnier

Gregory Ramirez

CAST: Q4 2019 sales below expectations; breakeven now for 2020 | BUY | EUR3,5 vs. EUR4,3 (+40%)

CAST - BUY | EUR3,5 vs. EUR4,3 (+40%)
Q4 2019 sales below expectations; breakeven now for 2020

Half of the Q4 revenue miss stemmed from conversion to SaaS
Numbers on recurring revenues and partners were encouraging
Cast will reach or exceed breakeven in 2020 instead of 2019
We reiterate our Buy, but company guidance will be challenged

04/02/2020 5 EN

Underlying

CAST SA

Cast is engaged in the design, publishing and distribution of computer software programs. Co. also offers IT consulting and technical assistance for professional information systems. Co. operates in France, U.S.A., Belgium, Spain, Italy, Switzerland, and Germany.

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FR0000072894 Euronext Paris France

Provider

Bryan Garnier

Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.

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Analysts

Gregory Ramirez

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CAST: Q4 2019 sales below expectations; breakeven now for 2020 | BUY | EUR3,5 vs. EUR4,3 (+40%)

Deloitte partners with CAST to launch a "Green IT by Design" offering

CAST expands ecosystem to help accelerate Application Modernization for Cloud

CAST revenue stable in Q1 as CAST confirms transition to annual subscriptions

BONESUPPORT: debuts 2024 with strong financial results

ONWARD: reports FY 2023, all focus set on ARC-EX US launch in H2 2024

Vantiva: Accelerated synergy extraction amid challenging start to the year

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