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 Capital Markets

<ul><li>Cisco Systems delivered a decent result achieving more than 30% product order growth for the previous quarter owing to strength across their portfolio, including improving demand and good supply chain management.</li><li>Cisco’s inorganic investments continued and in order to improve their full-stack observability offerings, they acquired Replex and Opsani in the past two quarters.</li><li>These investments should help improve the growth through better internal innovation and R&D and strengthen and differentiate their market position in key growth areas.</li></ul>

Cisco Systems delivered a decent result achieving more than 30% product order growth for the previous quarter owing to strength across their portfolio, including improving demand and good supply chain management.Cisco’s inorganic investments continued and in order to improve their full-stack observability offerings, they acquired Replex and Opsani in the past two quarters.These investments should help improve the growth through better internal innovation and R&D and strengthen and differentiate their market position in key growth areas.

Cisco Systems Inc: Financial & Price Forecasts

Covering IPOs, Healthcare and Technology Stocks

Andrei Zakharov

Algosun Global

Equity Bottom-Up

<ul>
<li>
<a href="https://www.smartkarma.com/entities/elastic-nv" target="_blank" data-smartkarma-citation="entities:27526:1" rel="noopener">Elastic NV (ESTC US)</a>  has grown its ARR from ~$207 million as of Jul-18 to ~$760 million today and may become a multi-billion dollar unicorn in the future.  </li>
<li>We like the subscription-based freemium business model, strong net expansion rate, and acceleration in revenue growth of Elastic Cloud business, which currently represents ~33% of total revenue. </li>
<li>Elastic Search is one of the most popular search engines globally, and the company’s products have been downloaded more than 350 million times since 2013. </li>
</ul>



Elastic NV (ESTC US)  has grown its ARR from ~$207 million as of Jul-18 to ~$760 million today and may become a multi-billion dollar unicorn in the future.  
We like the subscription-based freemium business model, strong net expansion rate, and acceleration in revenue growth of Elastic Cloud business, which currently represents ~33% of total revenue. 
Elastic Search is one of the most popular search engines globally, and the company’s products have been downloaded more than 350 million times since 2013. 


Elastic: High-Profile Search Company With Attractive Fundamentals

<ul><li>Cisco Systems started the fiscal year with a strong quarterly performance.</li><li>The management highlighted their unique portfolio of products, well-positioned in highly appealing markets (particularly UCaaS).</li><li>Cisco generated $3.7 billion in software revenue, with most of it sold as a subscription which is a positive sign.</li></ul>

Cisco Systems started the fiscal year with a strong quarterly performance.The management highlighted their unique portfolio of products, well-positioned in highly appealing markets (particularly UCaaS).Cisco generated $3.7 billion in software revenue, with most of it sold as a subscription which is a positive sign.

Cisco Systems: Why Do We Think That This Tech Major Is Undervalued? (12/2021)

<ul><li>Cisco Systems had an excellent quarterly performance, reflecting strength across their product portfolio in all key geographies, and customer segments.</li><li>It delivered the highest product order growth of 31%, driven by strength across end markets and the management expects to continue to see strong customer reception to its subscription-based products.</li><li>The company is in a unique leadership position to build and deliver innovative cloud-to-edge infrastructure platforms as per the customer requirements.</li></ul>

Cisco Systems had an excellent quarterly performance, reflecting strength across their product portfolio in all key geographies, and customer segments.It delivered the highest product order growth of 31%, driven by strength across end markets and the management expects to continue to see strong customer reception to its subscription-based products.The company is in a unique leadership position to build and deliver innovative cloud-to-edge infrastructure platforms as per the customer requirements.

Quality-first, Business-perspective, Long-term, Urbem (HK) Limited

Urbem Capital

Quality-first, Business-perspective, Long-term

Plover Bay Technologies / Equity Bottom-Up

<ul>
<li>Plover Bay appears cheaply valued by Mr. Market in light of the highly promising growth prospect of the SD-WAN space;</li>
<li>We find it worthwhile to dive deeper into the business and look for any value play (or value trap) from a long-term investing perspective.</li>
</ul>


Plover Bay appears cheaply valued by Mr. Market in light of the highly promising growth prospect of the SD-WAN space;
We find it worthwhile to dive deeper into the business and look for any value play (or value trap) from a long-term investing perspective.


Plover Bay: A Value Play Or A Value Trap?

United States

Cisco Systems, Inc. designs, manufactures, and sells Internet Protocol (IP)-based networking and other products related to the communications and information technology (IT) industry and provide services associated with these products and their use. The Company provides products for transporting data, voice, and video within buildings, across campuses, and globally.

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Cisco Systems (CSCO US)

Cisco Systems Inc: Financial & Price Forecasts

Cisco Systems delivered a decent result achieving more than 30% product order growth for the previous quarter owing to strength across their...

Baptista Research

Elastic: High-Profile Search Company With Attractive Fundamentals

Elastic is a high-profile search technology company and we believe current valuations look attractive for long-term investors

Andrei Zakharov

Cisco Systems: Why Do We Think That This Tech Major Is Undervalued? (12/2021)

Cisco Systems started the fiscal year with a strong quarterly performance. The management highlighted their unique portfolio of products,...

Baptista Research

Cisco Systems Inc. - Investment Thesis

Cisco Systems had an excellent quarterly performance, reflecting strength across their product portfolio in all key geographies, and customer...

Baptista Research

Plover Bay: A Value Play Or A Value Trap?

Plover Bay appears cheaply valued at the backdrop of the highly promising SD-WAN space, and we find it worthwhile to dive deeper into the business...

Urbem Capital

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