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.

Credit

<ul><li>Splunk had a fairly decent 2021 good growth in annual recurring revenue (ARR), more specifically the cloud ARR growth.</li><li>The company has successfully played around with its pricing and expanded the cloud gross margin.</li><li>The company onboarded Fred Loya Insurance who purchased Splunk cloud with workload pricing for safeguarding data of its customers and for automating security initiatives.</li></ul>

Splunk had a fairly decent 2021 good growth in annual recurring revenue (ARR), more specifically the cloud ARR growth.The company has successfully played around with its pricing and expanded the cloud gross margin.The company onboarded Fred Loya Insurance who purchased Splunk cloud with workload pricing for safeguarding data of its customers and for automating security initiatives.

Splunk Inc.: Detailed Credit Analysis & Financial Strength Evaluation Report

Equity Capital Markets

<ul><li>Splunk had an excellent finish to a strong year with solid annual recurring revenue, cloud DBNRR, and cloud ARR growth.</li><li>Splunk is able to take a fundamentally unique approach because they have a huge scalable data platform with advanced analytics.</li><li>The company onboarded Fred Loya Insurance who purchased Splunk cloud with workload pricing for safeguarding data of its customers and for automating security initiatives.</li></ul>

Splunk had an excellent finish to a strong year with solid annual recurring revenue, cloud DBNRR, and cloud ARR growth.Splunk is able to take a fundamentally unique approach because they have a huge scalable data platform with advanced analytics.The company onboarded Fred Loya Insurance who purchased Splunk cloud with workload pricing for safeguarding data of its customers and for automating security initiatives.

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>Splunk delivered a decent third-quarter result with strong business momentum resulting in the company’s first $1 billion cloud quarter.</li><li>Its cloud ARR reaching $1.1 billion and growing by 75% year over year.</li><li>Given its cheap valuation despite the strong future potential, in a fast-growing yet highly competitive market, we give Splunk a ‘Buy’ rating with a revised target price.</li></ul>

Splunk delivered a decent third-quarter result with strong business momentum resulting in the company’s first $1 billion cloud quarter.Its cloud ARR reaching $1.1 billion and growing by 75% year over year.Given its cheap valuation despite the strong future potential, in a fast-growing yet highly competitive market, we give Splunk a ‘Buy’ rating with a revised target price.

Splunk: A Genuinely Cheap Cloud Stock? (12/2021)

<ul>
<li>
<a href="https://www.smartkarma.com/entities/sumo-logic-inc" target="_blank" data-smartkarma-citation="entities:29265:1" rel="noopener">Sumo Logic Inc (SUMO US)</a> announced the appointment of Stewart Grierson as CFO and launched new products.</li>
<li>Management raised FY'22 guidance and growth of new customers started to recover as the global economy is reopening.</li>
<li>
<a href="https://www.smartkarma.com/entities/sumo-logic-inc" target="_blank" data-smartkarma-citation="entities:29265:1" rel="noopener">Sumo Logic Inc (SUMO US)</a> is one of our reopening stock ideas in technology sector in the United States.</li>
</ul>



Sumo Logic Inc (SUMO US) announced the appointment of Stewart Grierson as CFO and launched new products.
Management raised FY'22 guidance and growth of new customers started to recover as the global economy is reopening.

Sumo Logic Inc (SUMO US) is one of our reopening stock ideas in technology sector in the United States.


Expecting Strong Growth In CY22. New CFO Will Improve Business Performance

United States

Splunk Inc. develops web based application software. The Company provides software that collects and analyzes machine data generated by websites, applications, servers, networks, and mobile devices. Splunk serves customers worldwide.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Splunk Inc (SPLK US)

Splunk Inc.: Detailed Credit Analysis & Financial Strength Evaluation Report

Splunk had a fairly decent 2021 good growth in annual recurring revenue (ARR), more specifically the cloud ARR growth. The company has...

Baptista Research

Splunk Inc.: Financial & Price Forecasts

Splunk had an excellent finish to a strong year with solid annual recurring revenue, cloud DBNRR, and cloud ARR growth. Splunk is able to take a...

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

Splunk: A Genuinely Cheap Cloud Stock? (12/2021)

Splunk delivered a decent third-quarter result with strong business momentum resulting in the company’s first $1 billion cloud quarter. Its cloud...

Baptista Research

Expecting Strong Growth In CY22. New CFO Will Improve Business Performance

We still believe Sumo Logic stock is the most undervalued technology unicorn in our SaaS/Cloud coverage universe, which trades at a discount to...

Andrei Zakharov

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)