By creating a free Inderes account, you get access to Inderes analysis, you can order the popular morning review and follow companies and discussions that interest you.
Already have an account?
Follow this company like 4300 other investors.
Redeye lowers its estimates and fair value range due to a slightly softer-than-expected Q3 report and general market uncertainties but maintains a positive long-term outlook.
Redeye will lower its estimates slightly on the back of this Q3 2022 report, which missed expectations narrowly. On the other hand, we think that subscription ARR was the primary report highlight, growing 46% YoY and 16% QoQ.
Redeye slightly lowers its Base Case and continues seeing meaningful upside from current trading.
Redeye states that SSH missed our expectations slightly, even though it reported a good Q2 containing robust YoY growth rates.
Redeye provides its thoughts on the three communicated partnerships in May (with CYE, Cinia and Keto) and the highly anticipated security certification that was recently awarded.
Redeye maintains its fair value range unchanged – quarterly financials missed slightly, but the underlying growth in the core business is progressing well.
Redeye thinks that SSH has gotten off to a solid start in 2022, with this report very much in line with expectations. ARR was EUR16.4m, higher than FY2021 sales, confirming major sales growth potential this year.
Redeye raises its fair value range slightly on the back of a strong year-end report, where SSH met all its financial targets for 2021.
Redeye will likely raise its fair value range after the strong year-end report. SSH Communications delivered on all of its financial targets for 2021.
Redeye provides a preview ahead of the year-end report, owing to SSH Communications' strong deal flow in Q4. Preliminary, we raise our near and long-term forecast, as well as our base case.