Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

IonQ, Inc. operates as a computing hardware and software company. The Company develops a general-purpose trapped ion quantum computer and software to generate, optimize, and execute quantum circuits. IonQ serves customers worldwide.

<ul><li>IonQ, Inc. recently reported its third-quarter results for 2025, highlighting significant strides in revenue and technological advancements within the quantum computing sector.</li><li>The company achieved a 222% year-on-year revenue growth, reaching $39.9 million, which was 37% above the high end of its guidance.</li><li>This impressive performance was attributed to its strategic positioning as a full quantum platform company, encompassing quantum computing, networking, sensing, and cybersecurity.</li></ul>

IonQ, Inc. recently reported its third-quarter results for 2025, highlighting significant strides in revenue and technological advancements within the quantum computing sector.The company achieved a 222% year-on-year revenue growth, reaching $39.9 million, which was 37% above the high end of its guidance.This impressive performance was attributed to its strategic positioning as a full quantum platform company, encompassing quantum computing, networking, sensing, and cybersecurity.

IonQ Inc: How Europe & NATO Expansion Could Unlock Massive New Revenue Streams!

Qualys, Inc. provides information technology security risk and compliance management solutions. The Company offers products for vulnerability management, policy compliance, web application scanning, malware detection, and associated security products. Qualys conducts business in the United States.

<ul><li>Qualys, a cybersecurity company, recently held its third-quarter earnings call for 2025, where it reported a mixed bag of financial and strategic outcomes.</li><li>On the positive side, the company showed robust revenue growth, achieving a 10% increase to $169.9 million.</li><li>This growth was driven largely by its expanding channel business, which accounted for 50% of total revenues, up from 47% the previous year.</li></ul>

Qualys, a cybersecurity company, recently held its third-quarter earnings call for 2025, where it reported a mixed bag of financial and strategic outcomes.On the positive side, the company showed robust revenue growth, achieving a 10% increase to $169.9 million.This growth was driven largely by its expanding channel business, which accounted for 50% of total revenues, up from 47% the previous year.

Qualys Powers Up Its Partner Network—What the mROC Strategy Means for Top-Line Growth!

Leading International Investment Research, Edison Investment Research

Edison Investment Research

Leading International Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

DataTec Limited is a distributor of networking and data communications hardware products to the information technology, computer networking and communications industries.  The Company also offers domestic and international coverage for individuals and companies requiring network access to the Internet, as well as design and support services and e-commerce solutions.

<p>Datatec reported strong growth in underlying volume, gross profit and adjusted EBITDA in H126, driving a 43% year-on-year increase in underlying EPS (uEPS). The company has benefited from growing demand for cybersecurity and the start of technology refreshes driven by AI adoption. These structural growth drivers support a positive outlook for the remainder of FY26 and into FY27, with management sounding the most optimistic it has in recent years. We have upgraded our forecasts to reflect better operational performance and the positive demand environment, lifting uEPS by 18.2% for FY26, 21.9% for FY27 and 24.6% for FY28.</p>

Datatec reported strong growth in underlying volume, gross profit and adjusted EBITDA in H126, driving a 43% year-on-year increase in underlying EPS (uEPS). The company has benefited from growing demand for cybersecurity and the start of technology refreshes driven by AI adoption. These structural growth drivers support a positive outlook for the remainder of FY26 and into FY27, with management sounding the most optimistic it has in recent years. We have upgraded our forecasts to reflect better operational performance and the positive demand environment, lifting uEPS by 18.2% for FY26, 21.9% for FY27 and 24.6% for FY28.

Datatec — Strong H1 and positive outlook drive upgrades

Palo Alto Networks, Inc. provides network security solutions. The Company offers firewalls that identify and control applications, scan content to stop threats, prevent data leakage, integrated application, user, and content visibility. Palo Alto Networks serves customers worldwide.

<ul><li>Palo Alto Networks recently discussed their fourth quarter financial results, detailing both positive achievements and certain challenges.</li><li>The company reported a significant growth trajectory, crossing the $10 billion revenue mark, a first for a dedicated cybersecurity company.</li><li>This milestone reflects the successful execution of a long-term strategy focused on preemptive cybersecurity advancements tailored to match the evolving market landscape.</li></ul>

Palo Alto Networks recently discussed their fourth quarter financial results, detailing both positive achievements and certain challenges.The company reported a significant growth trajectory, crossing the $10 billion revenue mark, a first for a dedicated cybersecurity company.This milestone reflects the successful execution of a long-term strategy focused on preemptive cybersecurity advancements tailored to match the evolving market landscape.

Palo Alto Is Quietly Building a Cloud Empire—The Chronosphere Acquisition Is Just the Start!

<p>Datatec reported strong growth in underlying volume, gross profit and adjusted EBITDA in H126, driving a 43% year-on-year increase in underlying EPADR (uEPADR). The company has benefited from growing demand for cybersecurity and the start of technology refreshes driven by AI adoption. These structural growth drivers support a positive outlook for the remainder of FY26 and into FY27, with management sounding the most optimistic it has in recent years. We have upgraded our forecasts to reflect better operational performance and the positive demand environment, lifting uEPADR by 18.2% for FY26, 21.9% for FY27 and 24.6% for FY28.</p>

Datatec reported strong growth in underlying volume, gross profit and adjusted EBITDA in H126, driving a 43% year-on-year increase in underlying EPADR (uEPADR). The company has benefited from growing demand for cybersecurity and the start of technology refreshes driven by AI adoption. These structural growth drivers support a positive outlook for the remainder of FY26 and into FY27, with management sounding the most optimistic it has in recent years. We have upgraded our forecasts to reflect better operational performance and the positive demand environment, lifting uEPADR by 18.2% for FY26, 21.9% for FY27 and 24.6% for FY28.

Cybersecurity
Insights in the Cybersecurity Space

IonQ Inc: How Europe & NATO Expansion Could Unlock Massive New Revenue Streams!

IonQ, Inc. recently reported its third-quarter results for 2025, highlighting significant strides in revenue and technological advancements within...

Baptista Research

Qualys Powers Up Its Partner Network—What the mROC Strategy Means for Top-Line Growth!

Qualys, a cybersecurity company, recently held its third-quarter earnings call for 2025, where it reported a mixed bag of financial and strategic...

Baptista Research

Datatec — Strong H1 and positive outlook drive upgrades

Datatec reported strong growth in underlying volume, gross profit and adjusted EBITDA in H126, driving a 43% year-on-year increase in underlying...

Edison Investment Research

Palo Alto Is Quietly Building a Cloud Empire—The Chronosphere Acquisition Is Just the Start!

Palo Alto Networks recently discussed their fourth quarter financial results, detailing both positive achievements and certain challenges. The...

Baptista Research

Datatec — Strong H1 and positive outlook drive upgrades

Datatec reported strong growth in underlying volume, gross profit and adjusted EBITDA in H126, driving a 43% year-on-year increase in underlying...

Edison Investment Research