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

<ul><li>Five9's Q4 earnings showed mixed results.</li><li>Revenue for the quarter grew by 15%, slightly below expectations, and full-year revenue grew by 17%, primarily driven by the company's enterprise business.</li><li>Last twelve month (LTM) subscription revenue was noted to have grown by 25% year over-year, indicating strong demand for Five9's services.</li></ul>

Five9's Q4 earnings showed mixed results.Revenue for the quarter grew by 15%, slightly below expectations, and full-year revenue grew by 17%, primarily driven by the company's enterprise business.Last twelve month (LTM) subscription revenue was noted to have grown by 25% year over-year, indicating strong demand for Five9's services.

Five9 Inc.: Enhanced Artificial Intelligence (AI) and Automation Capabilities

Equity Capital Markets

<ul><li>Five9 delivered an all-around beat in its last result as the company stock has seen a reversal in fortunes over the past few weeks.</li><li>The company gets leverage from its channels, ecosystem of partners, and system integrators, which helped it build its pipeline in its last result.</li><li>Overall, we provide the stock of Five9 with a ‘Hold’ rating and a revision in the target price.</li></ul>

Five9 delivered an all-around beat in its last result as the company stock has seen a reversal in fortunes over the past few weeks.The company gets leverage from its channels, ecosystem of partners, and system integrators, which helped it build its pipeline in its last result.Overall, we provide the stock of Five9 with a ‘Hold’ rating and a revision in the target price.

IPOs and Catalysts/Events, Global Equity Research Ltd

Arun George

IPOs and Catalysts/Events

Uncompromised, Independent, Conflict-Free Research

Global Equity Research Ltd

Global Equity Research was started in 2017 by a group of experienced research professionals. It was founded on a passionate belief in the importance and the need for uncompromised, independent, conflict-free research. We aim to provide differentiated and actionable primary and bottom up fundamental research.

Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/bigtincan-holdings-ltd" target="_blank" data-smartkarma-citation="entities:29067:1" rel="noopener">Bigtincan Holdings Ltd (BTH AU)</a> disclosed a non-binding indicative offer of A$0.80 per share offer from SQN, a skinny 17.6% premium to the undisturbed price.</li>
<li>The offer is unattractive on several fronts and is the latest beaten-down ASX tech stock to be subject to a PE bid. Expect the Board to reject the offer.</li>
<li>Bigtincan also revealed other non-binding expressions of interest. This offer could flush out other potential bidders. At the last close, the gross spread is 6.0%.</li>
</ul>



Bigtincan Holdings Ltd (BTH AU) disclosed a non-binding indicative offer of A$0.80 per share offer from SQN, a skinny 17.6% premium to the undisturbed price.
The offer is unattractive on several fronts and is the latest beaten-down ASX tech stock to be subject to a PE bid. Expect the Board to reject the offer.
Bigtincan also revealed other non-binding expressions of interest. This offer could flush out other potential bidders. At the last close, the gross spread is 6.0%.


Bigtincan (BTH AU)’s Lightweight A$0.80 Offer from SQN

<ul><li>This is our first report on Five9, a leading provider of cloud software for contact centers.</li><li>The company’s core Virtual Contact Center (VCC) cloud platform has been a major revenue driver for them.</li><li>Among key updates, Five9, along with Kyndryl, announced a partnership to offer its customers a cloud-enabled, personalized contact center experience.</li></ul>

This is our first report on Five9, a leading provider of cloud software for contact centers.The company’s core Virtual Contact Center (VCC) cloud platform has been a major revenue driver for them.Among key updates, Five9, along with Kyndryl, announced a partnership to offer its customers a cloud-enabled, personalized contact center experience.

Five9 Inc: Initiation of Coverage – Partnership With Kyndryl & Other Drivers

Latest News from the World’s Leading Innovators

Granite Bay Capital

An innovation focussed investment company

Granite Bay Capital is an innovation focussed investment company with a deep focus on the companies at the leading edge of innovation across major themes such as AI, ubiquitous computing, sustainability, automation and longevity.

Thematic (Sector/Industry)

<h2>Headline Developments</h2><p>Not the best week for Facebook (FB) !  Firstly, the entire company’s ecosystem (FB, Instagram, WhatsApp and Messenger) ground to a halt for several hours.  This is an extraordinary occurrence for a company of this size.  Trying to keep this as simple as possible, this was an internal problem.</p>

Headline DevelopmentsNot the best week for Facebook (FB) !  Firstly, the entire company’s ecosystem (FB, Instagram, WhatsApp and Messenger) ground to a halt for several hours.  This is an extraordinary occurrence for a company of this size.  Trying to keep this as simple as possible, this was an internal problem.

United States

Five9, Inc. provides cloud contact center software. The Company offers real-time and historical reporting, recording, quality monitoring, workforce, and customer relationship management integrations. Five9 serves customers worldwide.

Five9 Inc (FIVN US)

Five9 Inc.: Enhanced Artificial Intelligence (AI) and Automation Capabilities

Five9's Q4 earnings showed mixed results. Revenue for the quarter grew by 15%, slightly below expectations, and full-year revenue grew by 17%,...

Baptista Research

Five9 Inc: R&D Expansion & Other Drivers

Five9 delivered an all-around beat in its last result as the company stock has seen a reversal in fortunes over the past few weeks. The company...

Baptista Research

Bigtincan (BTH AU)’s Lightweight A$0.80 Offer from SQN

Expect the Board to reject the offer as it is light. The indicative offer could spark other interested parties to show their hand. We would be...

Arun George

Five9 Inc: Initiation of Coverage – Partnership With Kyndryl & Other Drivers

This is our first report on Five9, a leading provider of cloud software for contact centers. The company’s core Virtual Contact Center (VCC) cloud...

Baptista Research

Weekly Innovation Review (WIRE) #52

Not the best week for Facebook (FB) ! Firstly, the entire company’s ecosystem (FB, Instagram, WhatsApp and Messenger) ground to a halt for several...

Granite Bay Capital