A small step in the right direction

Q2 in-line, limited news

Catalysts coming up

Terminating coverage

Napatech AS: 1 director

A director at Napatech AS sold 150,000 shares at 22.122NOK and the significance rating of the trade was 71/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly sh...

New '26/'27 guidance, announces equity raise

Delayed, but LT opportunity is unchanged

Delayed ramp-up of IPU volumes

IT Norway Q4e: growth at reasonable prices

Dell UPF design opens large new market

Post-Q3 drop gives buying opportunity in Link and Pexip

Waiting for more design wins

Q3 in-line, small new design win

Pipeline continues to increase

Weak Q2, but new design win

Norway: Rebound to continue

Positive or neutral estimate revisions for most companies. Best risk/reward over Q2 in Crayon, Link, NOD. Top picks: Atea, Crayon, Link, Pexip.

More design wins the next trigger

2024 likely to be back-end loaded. Company still expects 3-5 more design wins in 2024. Guidance implies P/E of 4.1-8.2x.

Reiterates 4-6 design wins in 2024

First major design win secured

First IPU design win with Tier 1 server OEM. We lift '26e EBIT by 111%. New guidance implies P/E of 3.6-7.3x.

Napatech - Strategic partnerships starting to materialise

Challenging year outweighed by record large order in ’23 Could play a role in further market consolidation Fair value range of NOK 13-18/share