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

Zoom Video Communications Inc / Equity Capital Markets

<ul><li>Zoom Video Communications recently closed its acquisition of Solvvy, which is believed to strengthen the capabilities of the company around conversational AI and speed up the adoption of its contact center product.</li><li>The company recently launched a conversational AI solution Zoom IQ for sales that analyzes customer interactions for surfacing key content, actions, and insights from sales meetings.</li><li>Also, Zoom Video Communications announced the accessibility of a modern digital canvas, Zoom Whiteboard, for creation within the platform of Zoom and providing a unique solution for collaboration.</li></ul>

Zoom Video Communications recently closed its acquisition of Solvvy, which is believed to strengthen the capabilities of the company around conversational AI and speed up the adoption of its contact center product.The company recently launched a conversational AI solution Zoom IQ for sales that analyzes customer interactions for surfacing key content, actions, and insights from sales meetings.Also, Zoom Video Communications announced the accessibility of a modern digital canvas, Zoom Whiteboard, for creation within the platform of Zoom and providing a unique solution for collaboration.

Zoom Video Communications Inc.: New Products Upside & Other Drivers

<ul><li>Zoom has witnessed a sharp correction in its stock price and was one of the many growth stocks that got battered on account of the interest rate hike expectations.</li><li>The company has seen a strong demand for Zoom Video Webinars, Zoom Rooms, and Zoom Phone.</li><li>Its Zoom Phone saw triple-digit revenue growth year over year in the last quarter, reaching 30 customers with over 10,000 paid seats.</li></ul>

Zoom has witnessed a sharp correction in its stock price and was one of the many growth stocks that got battered on account of the interest rate hike expectations.The company has seen a strong demand for Zoom Video Webinars, Zoom Rooms, and Zoom Phone.Its Zoom Phone saw triple-digit revenue growth year over year in the last quarter, reaching 30 customers with over 10,000 paid seats.

Zoom Video Communications Inc. - Investment Thesis

Analysis on GARP with strong economic moats, Moat Investing

Moat Investing

Analysis on GARP with strong economic moats

We are a group of experienced investors that like to dig deeper into stocks to find growth stories at a reasonable price with strong economic moats. We also aim to conduct high-quality analysis by doing deep dive on valuations, key business drivers, risk/reward, and different future scenarios.

GARP with strong economic moats

Equity Bottom-Up

Zoom Video Communications Inc / Equity Bottom-Up

<ul>
<li>Even though current valuations offer no upside, new uses added to Zoom can unlock value. We believe that the significant downside of Zoom is in the past.</li>
<li>Almost half of the employees are keen to work remotely, and nearly 2/3 of high-growth companies are set up for a productivity-anywhere model, offering a sustainable future for Zoom.</li>
<li>Users appreciate the reliability of Zoom, and they chose to stay, despite the low costs of switching and free substitutes, giving Zoom a competitive advantage.</li>
</ul>


Even though current valuations offer no upside, new uses added to Zoom can unlock value. We believe that the significant downside of Zoom is in the past.
Almost half of the employees are keen to work remotely, and nearly 2/3 of high-growth companies are set up for a productivity-anywhere model, offering a sustainable future for Zoom.
Users appreciate the reliability of Zoom, and they chose to stay, despite the low costs of switching and free substitutes, giving Zoom a competitive advantage.


Zoom Might Be A Long-Term Buy With Limited Short-Term Upside

TMT & Consumer Independent Equity Research Analyst, Obex Capital Research

Aaron Gabin

TMT & Consumer Independent Equity Research Analyst

TMT & Consumer Independent Equity Research

Obex Capital Research

“Obex” is Latin for Barriers to Entry. Obex Capital Management’s investment philosophy is driven by an intense focus on which business model’s Barriers to Entry are able to withstand the ever increasing competitive disruption in the TMT and Consumer Sectors.

Palantir Technologies  / Equity Bottom-Up

<p>I'm trying to come up with some meme-able business idea so like Adam Aron (no relation) I can raise $589MM. If the SmartKarma community has any idea, I'm all ears. I'll even go with something not in terminal secular decline!</p><p>On to the weekly...Palantir's general level of ridiculousness hits another level, Twitter discovers business models invented 4-5 years ago, and work from home keeps working.</p><div class="content-highlight"><p>Obex’s fundamental research process is focused on secular change in the TMT and Consumer sectors. We seek to differentiate between fundamental business analysis and security analysis. Before deciding if a security’s pricing and positioning merit a long or short position, we analyze the four pillars of business fundamentals (Secular Factors, TAM, Competitive Advantage, Business Model) in order to determine if this is a “good” or “not so good” opportunity.  </p></div>

I'm trying to come up with some meme-able business idea so like Adam Aron (no relation) I can raise $589MM. If the SmartKarma community has any idea, I'm all ears. I'll even go with something not in terminal secular decline!On to the weekly...Palantir's general level of ridiculousness hits another level, Twitter discovers business models invented 4-5 years ago, and work from home keeps working.Obex’s fundamental research process is focused on secular change in the TMT and Consumer sectors. We seek to differentiate between fundamental business analysis and security analysis. Before deciding if a security’s pricing and positioning merit a long or short position, we analyze the four pillars of business fundamentals (Secular Factors, TAM, Competitive Advantage, Business Model) in order to determine if this is a “good” or “not so good” opportunity.  

TMT Weekly:  3 Things that Stood Out The Week of 6/​4/​​​​​2021 (Non-AMC Edition)

<p>Palantir’s earnings call was a master class in obfuscation.</p><p><strong>Since 4Q20 earnings on February 16, 2021, five C-Suite executives from Palantir have sold $250MM (!!) in stock, with CEO Alex Karp selling $137MM in just the past 3 months. Luckily for them, Cathie Wood and ARK has bought 20M shares for $480MM! </strong></p><div class="content-highlight"><p>Obex’s fundamental research process is focused on secular change in the TMT and Consumer sectors. We seek to differentiate between fundamental business analysis and security analysis. Before deciding if a security’s pricing and positioning merit a long or short position, we analyze the four pillars of business fundamentals (Secular Factors, TAM, Competitive Advantage, Business Model) in order to determine if this is a “good” or “not so good” opportunity.</p></div>

Palantir’s earnings call was a master class in obfuscation.Since 4Q20 earnings on February 16, 2021, five C-Suite executives from Palantir have sold $250MM (!!) in stock, with CEO Alex Karp selling $137MM in just the past 3 months. Luckily for them, Cathie Wood and ARK has bought 20M shares for $480MM! Obex’s fundamental research process is focused on secular change in the TMT and Consumer sectors. We seek to differentiate between fundamental business analysis and security analysis. Before deciding if a security’s pricing and positioning merit a long or short position, we analyze the four pillars of business fundamentals (Secular Factors, TAM, Competitive Advantage, Business Model) in order to determine if this is a “good” or “not so good” opportunity.

Palantir 1Q21 Earnings: ARK’s Buying What They’re Selling

United States

Zoom Video Communications, Inc. develops a people-centric cloud service that transforms real-time collaboration experience. The Company offers unified meeting experience, a cloud service that provides a 3-in-1 meeting platform with HD video conferencing, mobility, and web meetings. Zoom Video Communications serves customers worldwide.

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Zoom Video Communications Inc (ZM US)

Zoom Video Communications Inc.: New Products Upside & Other Drivers

Zoom Video Communications recently closed its acquisition of Solvvy, which is believed to strengthen the capabilities of the company around...

Baptista Research

Zoom Video Communications Inc. - Investment Thesis

Zoom has witnessed a sharp correction in its stock price and was one of the many growth stocks that got battered on account of the interest rate...

Baptista Research

Zoom Might Be A Long-Term Buy With Limited Short-Term Upside

Even though current valuations offer no upside, new uses added to Zoom can unlock value. We believe that the significant downside of Zoom is in...

Moat Investing

TMT Weekly: 3 Things that Stood Out The Week of 6/4/2021 (Non-AMC Edition)

Palantir's general level of ridiculousness hits another level, Twitter discovers business models invented 4-5 years ago, and work from home keeps...

Aaron Gabin

Palantir 1Q21 Earnings: ARK’s Buying What They’re Selling

Since 4Q20 C-Suite executives from Palantir have sold $250MM (!!) in stock, with CEO Alex Karp selling $137MM in just the past 3 months. Luckily...

Aaron Gabin

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Zoom Video Communications Inc.: New Products Upside & Other Drivers

Zoom Video Communications recently closed its acquisition of Solvvy, which is believed to strengthen the capabilities of the company around...

Baptista Research

Zoom Video Communications Inc. - Investment Thesis

Zoom has witnessed a sharp correction in its stock price and was one of the many growth stocks that got battered on account of the interest rate...

Baptista Research

Zoom Might Be A Long-Term Buy With Limited Short-Term Upside

Even though current valuations offer no upside, new uses added to Zoom can unlock value. We believe that the significant downside of Zoom is in...

Moat Investing

TMT Weekly: 3 Things that Stood Out The Week of 6/​4/​​​​​2021 (Non-AMC Edition)

Palantir's general level of ridiculousness hits another level, Twitter discovers business models invented 4-5 years ago, and work from home keeps...

Aaron Gabin

Palantir 1Q21 Earnings: ARK’s Buying What They’re Selling

Since 4Q20 C-Suite executives from Palantir have sold $250MM (!!) in stock, with CEO Alex Karp selling $137MM in just the past 3 months. Luckily...

Aaron Gabin

TMT Weekly: 3 Things that Stood Out The Week of 6/4/2021 (Non-AMC Edition)