Verimatrix : Q2 numbers beat expectations, H1 results show better trend, visibility improving – Buy rating maintained, target price raised to € 4.5 (vs € 4)
>Better resilience than forecast in Q2 via accelerating recurring revenues - In Q2 2020, Verimatrix reported pro-forma revenues of $ 24.1m. This equates to a decline of 12% y-o-y. The group thus looks to have held up better than expected in the COVID-19 crisis thanks to continuing investment by operators and the change of billing method for Verimatrix software. This figure beat our forecast of $ 22.5m (or a projected decline of 19%). Recurring revenues, derived from ...Inside Secure designs, develops and sells software, silicon IP, tools and know-how to be integrated into mobile and connected devices to protect its customers' transactions, content, applications, and communications. Co. is serving markets such as: network security; IoT security; content & application protection; and mobile payment & banking. Co.'s technology protects solutions for a broad range of customers including: service providers; digital content distributors; security system integrators; device vendors; and semiconductor manufacturers.
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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