Daily BriefsTMT/Internet

Daily Brief TMT/Internet: CAR Group , Marvell Technology , Descartes Systems Grp, Hang Seng Index, nCino, Okta , Salesforce.Com Inc, SentinelOne , Box Inc Class A, Zscaler and more

In today’s briefing:

  • Quiddity ASX Dec 24 Results: 100% Hit Rate; ADDs Have High-Impact; DELs See Short Covering
  • Marvell Technology Inc.: Custom Silicon Solutions As A Vital Factor Driving Growth! – Major Drivers
  • Descartes Systems Group: Will The Acquisition of Sellercloud to Enhance Omnichannel Ecommerce Solutions Be A Game Changer? – Major Drivers
  • EQD | Hang Seng (HSI Index) – Most Popular Option Strategies, Calendar Strategies on the Rise
  • nCino Inc – How M&A Activity Might Help Catalyze Their Future Growth! – Major Drivers
  • Okta Inc.: An Insight Into Its Product Innovation & Ecosystem Expansion & Other Major Drivers
  • Salesforce’s Big Moves: What Margin Expansion and Cloud Revenue Growth Mean for Investors! – Major Drivers
  • SentinelOne Inc.: Expanding Market Presence & Strategic Partnerships To Redefine the Industry! – Major Drivers
  • Box Inc.: Strategic Partnerships & Integrations As A Key Growth Catalyst! – Major Drivers
  • Zscaler Inc.: Expansion in Data Protection & Security Operations As A Critical Growth Engine! – Major Drivers


Quiddity ASX Dec 24 Results: 100% Hit Rate; ADDs Have High-Impact; DELs See Short Covering

By Janaghan Jeyakumar, CFA

  • The ADDs/DELs for the ASX index family for the December 2024 index rebal event were announced after market close on Friday 6th December 2024.
  • There will be one ADD/DEL for both ASX 50 and ASX 200. All of these are perfectly in line with our final expectations.
  • In this insight, we take a final look at the flow expectations for each of these index changes.

Marvell Technology Inc.: Custom Silicon Solutions As A Vital Factor Driving Growth! – Major Drivers

By Baptista Research

  • Marvell Technology Inc. reported its third quarter of fiscal year 2025 earnings, indicating a mix of positive growth and strategic shifts.
  • The company’s revenues reached $1.516 billion, exceeding guidance by $66 million and showing a 19% sequential increase, driven by heightened demand in the AI sector and strong execution.
  • On a year-over-year basis, revenue grew by 7%, marking a return to growth, with data center applications, notably in AI, accounting for 73% of total revenues.

Descartes Systems Group: Will The Acquisition of Sellercloud to Enhance Omnichannel Ecommerce Solutions Be A Game Changer? – Major Drivers

By Baptista Research

  • Descartes Systems Group reported solid third-quarter financial performance, showcasing significant growth in revenue and adjusted EBITDA, while expanding its portfolio through strategic acquisitions.
  • The company registered a 17% increase in total revenues compared to the same period last year, driven by a combination of organic growth and successful incorporation of newly acquired businesses.
  • Organic revenue growth stood at approximately 10%, reinforcing the company’s ability to enhance its offering within existing operations.

EQD | Hang Seng (HSI Index) – Most Popular Option Strategies, Calendar Strategies on the Rise

By Gaudenz Schneider

  • Last week, the Hang Seng Index (HSI INDEX) gained 2.3% an increase while volatility slightly declined by 0.2%. The volatility surface provides the context for last week’s most popular strategies, 
  • Low implied volatility and a flat term structure support long volatility strategies and Calendar Spreads. In a bullish sentiment shift, almost half the strategies reflect a bullish view.
  • The largest volume trade, an Iron Condor, is a rare example of a strategy generating premium income. This insight provides both aggregate data analysis and drill-down into individual trade parameters.

nCino Inc – How M&A Activity Might Help Catalyze Their Future Growth! – Major Drivers

By Baptista Research

  • nCino, a cloud-based software provider for the financial services industry, reported its third-quarter fiscal 2025 financial results, highlighting both achievements and challenges.
  • The company’s revenue grew by 14% year-over year, reaching $138.8 million, with subscription revenue contributing $119.9 million, also a 14% increase.
  • Driving this growth was strong sales performance in the U.S. market, particularly within community and regional banks, as well as the enterprise segment.

Okta Inc.: An Insight Into Its Product Innovation & Ecosystem Expansion & Other Major Drivers

By Baptista Research

  • Okta Inc.’s recent financial results indicate a nuanced position in the market, marked by both strong performance and ongoing challenges.
  • In Q3 of fiscal year 2025, Okta demonstrated robust engagement with large customers, evident from top 10 deals each exceeding $1 million in annual contract value, significantly involving partner ecosystems, which contributed approximately $20 million in annual contract value (ACV).
  • A notable portion of this success can be attributed to Okta’s deepening relationships within the U.S. federal vertical, highlighting the public sector as an area of substantial growth potential.

Salesforce’s Big Moves: What Margin Expansion and Cloud Revenue Growth Mean for Investors! – Major Drivers

By Baptista Research

  • Salesforce posted a notable third-quarter performance for fiscal 2025, showcasing both strengths and emerging opportunities, albeit facing certain challenges in its transition to newer markets and technologies.
  • Revenue for the quarter reached $9.44 billion, marking an 8% increase year-over-year in both nominal and constant currency terms.
  • This growth was primarily propelled by robust performance in core segments like the Sales and Service Clouds, which saw double-digit growth.

SentinelOne Inc.: Expanding Market Presence & Strategic Partnerships To Redefine the Industry! – Major Drivers

By Baptista Research

  • SentinelOne’s Q3 FY2025 earnings report highlights a period marked by notable achievements as well as persisting challenges, suggesting both areas of strength and potential risks in the company’s business landscape.
  • On the positive side, SentinelOne showed encouraging top-line growth, exceeding their revenue expectations with a yearly increase of 28% to $211 million.
  • Notably, the company’s Annual Recurring Revenue (ARR) grew by 29% to $860 million, marking a significant rebound in their net new ARR which increased by 22% sequentially and positively year-over-year by 4%.

Box Inc.: Strategic Partnerships & Integrations As A Key Growth Catalyst! – Major Drivers

By Baptista Research

  • Box, Inc.’s earnings for the third quarter of fiscal 2025 showcased the company’s strategic moves and operational gains, though certain challenges and market conditions were not overlooked.
  • In terms of financial performance, Box reported revenue growth of 5% year-over-year, reaching $276 million, a positive indicator given the prevailing economic conditions.
  • The company displayed notable operational efficiency with record gross margins of 82% and operating margins of 29%, reflecting solid discipline in managing expenses even as they invested in strategic growth initiatives.

Zscaler Inc.: Expansion in Data Protection & Security Operations As A Critical Growth Engine! – Major Drivers

By Baptista Research

  • Zscaler, a leading cybersecurity company specializing in cloud-based security solutions, reported solid financial performance in its first quarter of fiscal year 2025.
  • The company’s revenue increased by 26% year-over-year to $628 million, reflecting robust demand for its Zero Trust Exchange platform and AI solutions.
  • Bookings growth also accelerated, surpassing 30%, indicating increased customer commitments to its offerings.

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