Report
Stephane Houri

Verimatrix : T2 meilleur qu’attendu, résultats S1 en amélioration, la visibilité s’améliore – Opinion Achat maintenue, OC relevé à 4.5 € (vs 4 €)

>Meilleure résistance que prévu au T2 grâce à une accélération des revenus récurrents - Au T2 2020, Verimatrix a publié un CA pro forma de 24.1 M$. Il s’agit d’une baisse de 12% en variations annuelles. Le groupe a donc mieux résisté que prévu à la crise du COVID 19 grâce à la poursuite des investissements des opérateurs et au changement du mode de facturations des logiciels de Verimatrix. Ce chiffre est en effet supérieur à notre prévision de 22.5 M$ (ou une baisse ...
Underlying
Verimatrix SA

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Stephane Houri

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