TeamViewer AG : TeamViewer’s shares continue to be undervalued
>Introduction of ARR is appreciated by the market - The market has welcomed the introduction of ARR, as it eliminates the volatile impact of multi-year deals on billings and provides a metric that allows for more accurate predictions of short-term revenue expectations. Following the Q3 results, which exceeded expectations by +5% in adj. EBITDA, the stock plummeted over 10% on the same day due to concerns about slowing billing growth. We maintain our view that TeamView...Teamviewer AG. TeamViewer AG is a Germany-based company engaged in the software development. The Company focuses primarily on the cloud-based technologies that enable online remote support and collaboration globally. The Company offers software solutions to remotely access and connect any computer, tablet, laptop, mobile device and Internet of Things (IoT) endpoint, such us industrial machines to allow remote control, management and monitoring of devices, as well as interaction and collaboration. Its product portfolio includes TeamViewer, TeamViewer Tensor, TeamViewer Pilot, TeamViewer loT, TeamViewer Remote Management, servicecamp and Bizz. The Company has offices in Europe, the United States and Asia Pacific.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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