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ABGSC IT Research ... (+3)
  • ABGSC IT Research
  • Simon Granath
  • Simon Jönsson

Better-than-expected growth acceleration

25% organic growth, 13% ARR growth y-o-y. Slightly higher opex offset by better gross margin. Trading at 12-5x EV/EBITDA '24e-'26e.

Simon Granath ... (+2)
  • Simon Granath
  • Simon Jönsson

Clavister - Q3 in line with expectations

Sales +5% y-o-y, in-line with ABGSCe No major changes to estimates Fair value range of SEK 2-12 per share maintained

Simon Granath ... (+2)
  • Simon Granath
  • Simon Jönsson

Clavister - Good outlook for more Defense orders

We forecast 3% sales growth and positive EBITDA in Q3 We cut ‘22e sales by 2% on a slow 5G market Share is trading at 20x EV/EBITDA on 2023e

Simon Granath ... (+2)
  • Simon Granath
  • Simon Jönsson

Clavister - High activity among defence clients

Beat on sales but sales mix hurt profitability in Q2 We cut ‘22e-‘24e EBITDA by SEK 9m, 6m, and 4m, resp. New FVR of SEK 3-14 (4-14) – 2.9x EV/sales on 2023e

Clavister Holding AB: 1 director

A director at Clavister Holding AB bought 1,342,643 shares at 2.800SEK and the significance rating of the trade was 90/100. 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 year...

Simon Granath ... (+2)
  • Simon Granath
  • Simon Jönsson

Clavister - Q1 a tad soft, but outlook remains solid

Q1 slightly below expectations, sales -8% vs ABGSCe We cut ‘23e and ‘24e EBITDA by 29% and 21% Share trading at 18x and 11x EV/EBITDA on ‘23e and ‘24e

Simon Granath ... (+2)
  • Simon Granath
  • Simon Jönsson

Clavister - Improved outlook after cost saving programme

Order intake +39% y-o-y, sales +17% Cost saving programme initiated; aims to cut opex by 20% Trading at 13.5x ‘23e EV/EBITDA, -55% vs. peers

Simon Granath ... (+2)
  • Simon Granath
  • Simon Jönsson

Clavister - Continues to strengthen its market position

Q3’21 recurring revenue +24% y-o-y We raise ‘23e EBITDA by 16% 4.3x ‘22e EV/sales, 59% below our peer group

Simon Granath ... (+2)
  • Simon Granath
  • Simon Jönsson

Clavister - Temporary headwinds, outlook solid

Recurring revenue increased 24% y-o-y Positive outlook in 5G and Defense Conference call 09:00 CET

Simon Granath ... (+2)
  • Simon Granath
  • Simon Jönsson

Clavister - Acquires AI-driven cybersecurity company

Clavister to acquire Omen Technologies for SEK 15m Announced preliminary Q3 numbers as well Webinar tomorrow (29 Oct) 09:00 CET

Simon Granath ... (+2)
  • Simon Granath
  • Simon Jönsson

Clavister - Gaining ground in the defense sector

New defense order: the second in the last year SEK 10m in annual order value after ramp-up A testament to the high quality of Clavister’s technology

Simon Granath ... (+2)
  • Simon Granath
  • Simon Jönsson

Clavister - Feedback from ABGSC Investor Day

We hosted the CEO at ABGSC’s Investor Day today Growth continues to be the focus We view positively on the hiring of senior personnel

Simon Granath ... (+2)
  • Simon Granath
  • Simon Jönsson

Clavister - Security by Sweden

Protecting 5G networks and government agencies En route to achieving positive EBITDA in 2022 Initiating coverage with a fair value range of SEK 5-16

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...

 PRESS RELEASE

Clavister Launches WiFi Access Gateway Product Line

STOCKHOLM--(BUSINESS WIRE)-- Clavister (Nasdaq: CLAV), a leader in high-performance network security, has as of today launched a new WiFi Access Gateway product range, addressing the increasing needs for quality of experience, service differentiation and threat prevention in WiFi networks. According to the Cisco Visual Networking Index (VNI) Forecast, 50% of all global Internet traffic will be provided through WiFi connections by 2020, an increase from 42% in 2015. The total amount of data that is estimated to be transferred ...

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