In today’s briefing:
- Defining US Risk Inflection
- Dropbox Inc.: Initiation of Coverage – The DocSend Acquisition & Other Drivers
- MongoDB Inc.: Initiation of Coverage – Business Model & The Database Industry Boom
- Akamai Technologies Inc.: Initiation of Coverage – Business Strategy
- Akamai Technologies Inc.: Detailed Credit Analysis & Financial Strength Evaluation Report
Defining US Risk Inflection
- Russell and NDX are knocking on resistance levels that have capped previous rally attempts as we enter the early August cycle timeline.
- Tech rally reacting to backward earnings. E’s will buckle into a recession. The July risk on rally cycle is closing.
- NDX 13k and RTY 1,930 are key inflection levels that will drive the global risk cycle ahead of a more turbulent late August to October period.
Dropbox Inc.: Initiation of Coverage – The DocSend Acquisition & Other Drivers
- This is our first report on Dropbox, a major player within the cloud storage, file transfer, and e-signature domain.
- Dropbox is continuing to evolve its core FSS business to drive monetization and improve attention.
- This quarter, Dropbox has launched its newest version of Dropbox backup that has upgraded management settings and restoration flow.
MongoDB Inc.: Initiation of Coverage – Business Model & The Database Industry Boom
- This is our first report on database major, MongoDB.
- The company delivered yet another all round beat in the previous result with a staggering 57% growth year over year.
- The revenue generated by Atlas alone increased by 82% year over year and accounted for 60% of MongoDB’s total revenue.
Akamai Technologies Inc.: Initiation of Coverage – Business Strategy
- This is our first report on Akamai Technologies, a renowned content delivery network and cloud service provider. the growth in security and computing has been the main driver of revenues for Akamai in the past years but it has been adversely impacted by the U.S. dollar’s sharp increase in value and the slowing of traffic growth in the company’s delivery business.
- The consistent double-digit growth in security revenue has been driven by Guardicore’s continued outstanding performance and rapid growth in their application security business.
Akamai Technologies Inc.: Detailed Credit Analysis & Financial Strength Evaluation Report
- Akamai Technologies is a well-known cybersecurity company, content delivery network, and cloud service provider.
- The growth in security and computing has been the main driver of revenues for Akamai in the past years but it has been adversely impacted by the U.S. dollar’s sharp increase in value and the slowing of traffic growth in the company’s delivery business.
- With pandemic-related restrictions being lifted globally and the related tailwinds receding, the company has seen a slower growth rate of traffic on its network in the gaming and OTT verticals.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
