||EPS - Basic
||Market Cap (m)
|Software & Computer Services
Real-Time news about Endace (London Stock Exchange): 0 recent articles
|aspex: Emulex share price is certainly already starting to celebrate victory.
Or is it relief against an ever decreasing performance?|
|stanmore2: so why is the share price so low?|
|knackers: Aspex, if they can do 15-20% for the full year we'll be nearer £6! Nice little earner on today's share price, looking at trends in the market, and the relatively low revenue base we're coming from, it's more than doable....as is 25% on last year ;o)
Read between the lines in today's statement: they're pointing unashamedly at their operational leverage,. They're in good shape. Just need to make more noise. Given how quiet they've been since Nov '11 if they start to bang the promotional drum a bit more assertively...well now|
|itchycrack: At least this update should now put a floor under the share price.|
|edwardt: good spot - will settle down with a cuppa and read the annual report. i am getting a wee bit more relaxed about the share price. i get the feeling that management are pretty busy!- let them get on with it, the share price will come good in time.|
The fact that the SR is out of the way defines the future with more certainty. I believe the recent fall in share price was aggravated by the announcement of the SR.|
|knackers: Possibly, but I don't think so Mike - Selwyn's no longer a director and has been selling since May/June (as has Neil Richardson). I think his attentions are now on the Imarda project, and have been for some time now - and that looks an interesting proposition. I just wonder if he's sold down EDA to bolster Imarda's cash position and his holding prior to their IPO (a delay in the IPO may also have contributed to the stock sale timing - maybe). Then again he may have simply wanted to get some cash out - it's been tied up in Endace for sometime now, though granted he upset the Insts with his first block sale of stock in 2007 at about £3.50. Endace is a very, very different company now, twice the revenues, more than twice the headcount and client base...and look at where we are, just over £4.00!!
Long way to go here yet IMO, though to get full value you may have to wait another couple of years. As I said the other day, that fact that share price and NR have top sliced their holdings this year would suggest an imminent sale unikely...but who knows, if the price is right...well. I wouldn't bet against it happening in the next 12 months. The Exec would be wise to get the share price motoring again! These kiwis have a habit of hiding their light a wee bit - far too modest IMHO...even on the rugby park! ;o)|
|knackers: Hey Mike,
Sophrosyne are a pretty stealthy bunch. Their head-honcho is a MIT graduate, so knows a thing or two about what's hot and not in emerging tech - so think we're in OK company ;)
Re AUTONOMY, what struck me today was the mark-up at 75%. Given the market backdrop that's HUGE. Acquisitions of course are nothing new in the cyber/infosec sector. Since Apr 2010 the list is as long as your arm; NetWitness [EMC], Arcsight [HP], Narus [Beoing], McAfee [Intel], Cace [Riverbed] etc etc.
Endace's owners will have their exit plan but don't think they're in any hurry, as we know the the Endace product line really comes into its own in 10gb/s+ network environs and these upgrades are only now becoming 'mainstream' - mostly in Govt, FS, Telco and data centres [drivers: bandwidth hungry apps/video/VoIP, uncompromising SLAs, efficiency savings and the need to free-up rackspace].
Thing is the Exec need to keep the share price moving north. If there is so much as a cough and splutter in sales/go-to-market execution this year Inst'l Investors will not be forgiving and big players (Juniper, IBM, Cisco...) may seize their opportunity. Still I can't see Endace going cheaply (sub £10), their technology is proven (and scaleable) their approach (passive capture) is pretty much unanimously endorsed by ind thought leaders. Very quietly they've been making a name for themselves where it matters.
Interesting next few months ahead we may get to see/hear just how ambitious their strategy is going fwd, especially in opening up the enterprise sector. If they're to be successful here they'll almost certainly need the support of a major to provide the global CTM framework. Like I say, there could be some interesting developments in the weeks ahead. We shall see...|
|knackers: Over the years, oh yes, but have to say of all of them, this company stood out head and shoulders above others, and is one of the most exciting stories I've come across...hence me being considerably overweight and my investing so much time in researching the backside off, and generally getting to grips with, this sector.
The complexity of the technology and the ambition/boldness of the strategy will have put off many PIs, but now they really need to look at this business and market opportunity again. Sure, the market itself may be niche but its rapidly will becoming a mainstream pre-requisite. If your organiation relies on its network (ep a high performing network) to do business, there's simply too much reputational exposure from not investing in the best technology to safeguard that network - all of it. Endace's solution is disrputive on so many levels it can't be funny for the mkt incumbents. We shall see...plenty more excitement to come m'thinks...
Re valuations I prefer to use PEG i.e. the p/e in the context of earnings growth. I think Endace will be looking for 40% min top line growth next year. Indeed given the stage we are at in their growth cycle that's conservative! Indeed 40% doesn't really make a £7 share price that outrageous. Clearly the Interims in early Oct will give a v good indication of that all imprortant acceleration in reputation and mkt traction which will underpin such valuations - but this particular train [IMO/FWIW] left the station sometime ago.|
|knackers: Aspex, I'm sure our paths will cross before too long. BTW in all the excitement some significant product, service and positioning changes have been made to the Endace website. Things that immediately stand out, besides the home page and generally improved content/layout:
1. New product launch: EndaceSensor (real-time monitoring) http://www.endace.com/endacesensors.html
2. They are now talking about a solution that scales to 100gb/s!! At least in my excitement I hope I'm reading that right. Looks v much like they may have cracked 100G. That's worth what on the share price?!
3. Much clearer segmentation of markets and better alignment of solution/system offering to target segment/sector
It's a v nice job - take a look...|
Endace share price data is direct from the London Stock Exchange