WithSecure: A cybersecurity turnaround

The extensive research of 40+ pages on cybersecurity company WithSecure is published! Analyst Atte Riikola summarizes the case from several angles and shares his view on current recommendation.

Content:
00:00 Intro
00:26 Company in a nutshell
02:26 Typical customers
02:58 Geographical distribution
03:16 Market and competitive landscape
05:52 WithSecure’s competitive advantages
07:31 De-Merger from F-Secure
08:10 Struggles with growth
10:15 Current strategy
10:34 Divestment of Consulting business
11:09 Improvements
11:48 What went wrong with growth?
13:32 Exposure Management
14:30 SaaS model
15:12 Valuation