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>Qualys' third-quarter results for 2024 reflected several strengths and areas for consideration.</li><li>Revenue for the third quarter grew by 8% to $153.9 million, with a notable contribution from the channel, making up 47% of total revenues.</li><li>This indicates success in leveraging their partner ecosystem to drive growth.</li></ul>

Qualys' third-quarter results for 2024 reflected several strengths and areas for consideration.Revenue for the third quarter grew by 8% to $153.9 million, with a notable contribution from the channel, making up 47% of total revenues.This indicates success in leveraging their partner ecosystem to drive growth.

Inside Qualys' Potential Sale: Why This Cybersecurity Firm is Turning Heads in the Tech World!

<ul><li>Qualys' second quarter of 2024 earnings report indicates a mixed financial performance amidst a competitive and tight IT spending environment.</li><li>The company, a renowned provider of cloud security and compliance solutions, reported an increase in revenues by 8%, reaching $148.7 million.</li><li>This growth is supported by its strong channel contributions, which now represent 46% of total revenues, showing a 17% growth as compared to direct sales which grew by 2%.</li></ul>

Qualys' second quarter of 2024 earnings report indicates a mixed financial performance amidst a competitive and tight IT spending environment.The company, a renowned provider of cloud security and compliance solutions, reported an increase in revenues by 8%, reaching $148.7 million.This growth is supported by its strong channel contributions, which now represent 46% of total revenues, showing a 17% growth as compared to direct sales which grew by 2%.

Qualys Inc.: Comprehensive Product Offerings & TruRisk Elimination & Other Key Developments! - Financial Forecasts

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/trend-micro-inc" target="_blank" data-smartkarma-citation="entities:13172:1" rel="noopener">Trend Micro Inc (4704 JP)</a> shares rose 14.8% on Friday after Reuters reported that it is exploring a sale after attracting buyout interest. </li>
<li>The interest is unsurprising due to the weak share price. Since ValueAct disclosed a stake on 8 August 2022, the shares are down 0.7% vs the Nikkei 225’s 23.6% increase.</li>
<li>The lack of a controlling shareholder and increased cybersecurity M&amp;A activity support the buyout interest. A privatisation price is likely to be around JPY9,000. Valuation is undemanding at last close.</li>
</ul>



Trend Micro Inc (4704 JP) shares rose 14.8% on Friday after Reuters reported that it is exploring a sale after attracting buyout interest. 
The interest is unsurprising due to the weak share price. Since ValueAct disclosed a stake on 8 August 2022, the shares are down 0.7% vs the Nikkei 225’s 23.6% increase.
The lack of a controlling shareholder and increased cybersecurity M&amp;A activity support the buyout interest. A privatisation price is likely to be around JPY9,000. Valuation is undemanding at last close.


Trend Micro (4704 JP): Evaluating the Privatisation Rumours

<ul><li>Based on the first quarter 2024 earnings of Qualys, the company has evidenced a progressive trajectory with significant developments in its strategic sectors, specifically cybersecurity asset management.</li><li>The introduction of enhanced enterprise solutions such as VMDR with TruRisk and TotalCloud CNAPP reflects Qualys' adaptation to evolving market needs and emphasizes the ever growing complexity of cybersecurity threats.</li><li>These initiatives have notably increased product adoption across diverse verticals including healthcare, technology, retail, and financial services, suggesting robust demand and profitability potential.</li></ul>

Based on the first quarter 2024 earnings of Qualys, the company has evidenced a progressive trajectory with significant developments in its strategic sectors, specifically cybersecurity asset management.The introduction of enhanced enterprise solutions such as VMDR with TruRisk and TotalCloud CNAPP reflects Qualys' adaptation to evolving market needs and emphasizes the ever growing complexity of cybersecurity threats.These initiatives have notably increased product adoption across diverse verticals including healthcare, technology, retail, and financial services, suggesting robust demand and profitability potential.

Qualys Inc.: Will The Management Efforts Towards Expansion of Cloud Security Solutions Pay Off? - Major Drivers

<ul><li>Qualys, a leading provider of cyber security solutions through its cloud-based platform, reported robust results for the fourth quarter of 2023.</li><li>Revenues grew from prior-year levels, with reported revenues falling in line with expectations at $144.6 million.</li><li>Though calculated current billings showed notable growth, this was largely due to timing of invoicing of multiyear prepaid subscriptions and early renewals, and likely would not affect revenue recognition much earlier in the period.</li></ul>

Qualys, a leading provider of cyber security solutions through its cloud-based platform, reported robust results for the fourth quarter of 2023.Revenues grew from prior-year levels, with reported revenues falling in line with expectations at $144.6 million.Though calculated current billings showed notable growth, this was largely due to timing of invoicing of multiyear prepaid subscriptions and early renewals, and likely would not affect revenue recognition much earlier in the period.

Qualys Inc: What Are The 3 Biggest Challenges Faced By This IT Player? - Major Drivers

United States

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.

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Qualys Inc (QLYS US)

Inside Qualys' Potential Sale: Why This Cybersecurity Firm is Turning Heads in the Tech World!

Qualys' third-quarter results for 2024 reflected several strengths and areas for consideration. Revenue for the third quarter grew by 8% to $153.9...

Baptista Research

Qualys Inc.: Comprehensive Product Offerings & TruRisk Elimination & Other Key Developments! - Financial Forecasts

Qualys' second quarter of 2024 earnings report indicates a mixed financial performance amidst a competitive and tight IT spending environment. The...

Baptista Research

Trend Micro (4704 JP): Evaluating the Privatisation Rumours

The lack of a controlling shareholder and increased cybersecurity M&A activity support the buyout interest. A privatisation price is likely to be...

Arun George

Qualys Inc.: Will The Management Efforts Towards Expansion of Cloud Security Solutions Pay Off? - Major Drivers

Based on the first quarter 2024 earnings of Qualys, the company has evidenced a progressive trajectory with significant developments in its...

Baptista Research

Qualys Inc: What Are The 3 Biggest Challenges Faced By This IT Player? - Major Drivers

Qualys, a leading provider of cyber security solutions through its cloud-based platform, reported robust results for the fourth quarter of...

Baptista Research

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