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Redeye is encouraged by SDS’s business momentum, announcing its largest agreement yet. SDS expects to deliver its complete RVM suite to Sudatel Group in three markets in a deal worth SEK25m initially and >SEK6m in recurring support revenues.
Redeye reiterates its fair value range and Base Case (SEK52) following a major agreement from a new customer: a leading Saudi telecom group.
Redeye provides its comments on the Q2 2022 report.
Redeye expects to mute sales expectations slightly since customer delays have impacted these. Moreover, the CEO and chairman left the company during the quarter, which reasonably should have impacted operations somewhat.
Redeye provides a short comment regarding the recent events at SDS.
Redeye adjusts its fair value range with a downward bias but continues to see meaningful upside to the share price, which was punished by the recent Q1 report.
Redeye expects to lower its fair value range thanks to soft sales, which were hurt by some delayed orders.
Redeye lowers its fair value range on the back of the year-end report. We soften sales expectations while raising operating margins, which continue to impress. The share continues to trade well below our base case.
Redeye is impressed by strong operating margins, which beat expectations. On the other hand, sales missed slightly.
Redeye was surprised to learn that a CEO change took place yesterday evening at Seamless Distribution Systems. The new CEO, Mats Victorin, has a well-rounded resume and has demonstrated serious execution capabilities in previous roles.