Report
Emilie Krutnes Engen
EUR 95.03 For Business Accounts Only

Carasent (Buy, TP: NOK25.00) - On track

Our estimates are mostly in line with the company’s guidance, leaving room for further upside potential to our growth estimates as we forecast a minor uptick in underlying expansion from the existing business. Improvements in growth and profitability have already started to materialise, in our view, leaving Carasent well positioned for accelerated expansion and operating leverage. Thus, we reinstate a recommendation with a BUY and a target price of NOK25.
Underlying
Carasent

Apptix is a provider of hosted business communication, collaboration, and infrastructure solutions to businesses of all sizes. Co.'s portfolio of Cloud solutions includes Microsoft® Exchange, SharePoint®, and Lync®, as well as hosted VoIP, encryption, archiving, and mobile device management. Co.'s hosted services are delivered across a network infrastructure and built upon hardware and software housed in Tier IV, SSAE 16 SOC 1 Type II certified, geographically dispersed interconnected data centers.

Provider
DnB Markets
DnB Markets

DNB Markets is the investment banking arm of DNB Bank ASA and is focused primarily on the Nordic region, as well as internationally on niches such as global shipping, energy and related services, and seafood. DNB Markets offers services in FICC, Equities and Investment Banking advisory from offices in Oslo, Stockholm, London, Singapore and New York. Equity research coverage is offered on c250 Nordic companies. DNB was ranked no.2 in Extel Nordic Research 2017. The DNB Markets’ Credit and FICC Macro & FX Research teams are repeatedly highly rated by Prospera Nordic Institutional Investor Surveys.

 

Analysts
Emilie Krutnes Engen

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