Endace Share Discussion Threads

[knackers] 03/10/2012 15:04

Sophrosyne sold down too! That only adds to the mystery. So even more stock has been sold on-top of the massive L&G's sell down...and no new holding declarations. This is too weird, or should I say this is unaceptable. A new investor or investors has/have been with-holding their identity. This has been going on for weeks (2 mnths+) now. Are we being shaken-down and stalked?

[knackers] 03/10/2012 14:58

Endace launches global channel/reseller programme at Interop


No half measures here, this is the full monty including training and accreditation. Stolen a march on their competition. Good stuff.

I would have thought the BIG 4 consultancies would be interested in this record/respond (efficiency) agenda. Esp as the play is to get NetOPs and SecOPs to use these same net vis tools. People Process Technology. Think SAP for network infrastructure. That's how to build momentum. One would expect the new strategy will have captured this (I'm quite sure not lost on the new Exec team) they're too sharp.

Don't be out too long Garg2 a pi$$er getting stopped out but this, as I'm sure you can see, is purely technical position so keep watching. There's all sorts going on behind the scenes here...

[gargoyle2] 03/10/2012 11:16

I have to say that I've sold out in the last few days. At a loss. Now that the 300p support has been breached, I can only see these heading to 250p or lower. I'll be keeping an eye with a view to buying back later.

[itchycrack] 03/10/2012 09:20

I can't understand why this is still falling? Is there a large seller in the background?

[edwardt] 03/10/2012 09:14

I am at a loss - quite literally. I suspect that someone has been slack in disclosing but suspect it highly unlikely now to be a strategic investor. The board appears to need to tighten up these sorts of things and be quicker in reporting to market. The stuff you find seems to filter through a month or so later- to me this is poor governance. The trading statement needs to provide clarity on the expansion and how they are managing the cash - the last thing i want to see is that they are not in control of this as well!

I don't have access to investegate but i am told the US sophosmore? have been selling as they have lost a mandate and were forced sellers. I suppose this was at least a compromised sell, not one of their own volition.

Ed

[knackers] 02/10/2012 19:59

Ed, What are your thoughts on the trading since June then? I'm still unhappy about clarity and the quality of disclosure since then. Here's why:

1. 28 June 101K sold at £2.90 (when the price was at £3.50)
2. 19 July 270K tx'd at £3.12
3. 20 July 1.5m tx'd at £3.25 (2x trades of about 750k at £3.25 i.e. 5% each, so both would required disclosure RNS) I very much doubt both were L&G sell trades as PG would be in all kinds of trouble by now ;o)
4. 29 Aug 126k sold £3.15

Assuming conservatively that L&G sold a min 7-8% (across UTM and ITM) in line with their sale RNS, we still have the balance - excluding all the small sell trades of recent weeks (another 1.5% say) ~7% unaccounted for (undeclared holding with someone). Possibly 10% may be more depending on L&G's exact final position.

Even if one or two of our existing Instl holders were buying in July on the other side of the L&G sell down, we'd surely have seen a counter-holding disclosure.
And one single buy trade on 20 July would have been at a min 750k. That's 5% from one trade - and we've had no disclosure. Someone must have the blessed stuff.

More than a few loose ends to tie-up...indeed. So what do you make of all this?

[knackers] 02/10/2012 11:45

I'd think so Aspex. H1 trading likely to be 'in line' (flat marginally up maybe on last year) nothing stellar, but looking for progress from the focus on response and root cause for NetOps & SecOps (post Deutsche review).

Also what their 60-odd developers in NZ have been up to since March/April...and for whom? Product dev cycle in IT [ballpark] 6 months.

[aspex] 02/10/2012 08:25

Going on 2011, we should expect a trading update next week.
Maybe they are priming the charge.

[knackers] 02/10/2012 08:11

That'd be nice. With results I'm certain there will be further news on these POCs and other 'stuff'. A few loose ends need tying up m'thinks.

[magpie99] 01/10/2012 21:07

A large order will bang the big ol' bass drum!

[edwardt] 01/10/2012 12:55

interesting comment from eda circular - the share price decline is getting very boring now. Even my faith is getting tested!

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[knackers] 26/9/2012 21:11

RSA turning the volume up on the merits of re-balancing security spend.

Very similar to this from Endace on 24 Aug
[100% accurate intelligent network recorders]

[knackers] 20/9/2012 19:14

As I see it there are three possible areas of focus for these POCs, Ed:

1. Mobile security and BYOD
2. Financial services (new version of EndaceVision)
3. An experience manager for VoIP/Telepresence sessions

These strike me as areas of adjacency that Endace will look to move into. That RSA/NetWitness article today was interesting [post 2360]

Another area for increasing POC interest of course will be monitoring 40-100gbs infrastructures. expect to see x2 or x3 more installation in 2013 as in 2012. Many infrastructure providers are currently reviewing 100gbs - not just to support new bandwidth hungry services but also to drive efficiency improvements.

[edwardt] 20/9/2012 13:52

some candidates for who edison mention as proof of concept trials??
Ed

[knackers] 20/9/2012 13:25

I didn't know that BAe Systems became a platinum sponsor of the OISF Suricata OSS project for IDS/IPS back in May. The first systems integrator in the consortium. Endace have been a long term OISF Gold sponsor.

[knackers] 20/9/2012 12:11

Interesting article below. Having the CSO of RSA saying you've gotta have full packet capture, clearly helps you on your way. This Security Analytics product they're talking about sounds a lot like EndaceVision (with SIEM bells and whistles). And am quite sure Endace have been looking at V2.0 enhancements since its March launch.

[knackers] 19/9/2012 08:14

Endace did the independent POC/verification on the latency claims.

[knackers] 18/9/2012 08:38

!! Well we're still at this 'clearing' price, but who is all this stock going to..?
Our undisclosed buyer must surely have closer to 20% than 15% of the company by now. Someone readying themselves for a move..? Whilst I still think a low likelihood I wouldn't discount anything. To be successful any offer I'd expect to be in the £6-£6.50 ballpark. Not sure that's the price Exec and founders had in mind, but....

[knackers] 17/9/2012 19:54

The first network tap to support 100Gbs from Endace partner NetOptics


Spread Networks upgrades to 100Gbs throughput Chicago to NY

[knackers] 11/9/2012 12:03

Interesting update from Edison Research today. Quite a perky tone, and intriguing reference to 'proof of concept projects' underway. Those may be fabric/data centre related, in mobile/BYOD space or are 40/100GB projects. No doubt we'll hear more with the H1 results.



Like PG they consider them to be on an undemanding valuation. At 55% of their Nov'11 MCap ' ! ' springs to mind. First real suggestion from analysts that next year really could see the sun break the horizon after last year's false dawn.

[knackers] 06/9/2012 11:24

A real possibility, and if carriers are moving towards 100Gb/s Govts will already have to be there - for obvious enough reasons.

[edwardt] 06/9/2012 09:22

new business??

[knackers] 05/9/2012 18:10

Exciting news from XO Communications today. They're implementing a true end-to-end 100Gb/s metro-regional-nationwide network upgrade with the help of Ciena Corp. Not sure who, besides Endace, can capture 100% of packets at 40-100gb/s line rates...

[knackers] 05/9/2012 15:33

'Cyber security market' will grow by 11.3% each year to reach $120bn by 2017. Quite a stat.