Sophos Share Discussion Threads

[financeguru] 09/8/2019 10:47

Sadly, I think the only way any of us are going to get any value out of this nightmare of a company is if some other idiot company buys it!!!!

[owlbaby] 22/7/2019 10:06

Bladerunner - how do you get your 500 target?

[bladerunna62] 15/7/2019 16:33

I have 500 target on this as the share price is motoring along

[bamboo2] 04/7/2019 09:44

Gapped up yesterday.

B Gap measures 399-404.5 and could become a support zone.
Guess this could fill or be tested before share price making progress.

I have an active chart pattern tp of 528
On watchlist. No position.

Next potential turn spans 5-8/7/2019

[financeguru] 04/7/2019 08:30

broker update to overweight tp 480

[jumbofreak] 03/7/2019 11:35

Broadcom acquiring symantec, , Sophos is a bargain at current price. probably why the rise today.

[llama1978] 03/7/2019 10:54

Why the big rise today?

[gerihatrick] 04/6/2019 16:54

I listened to the Capital Markets presentation this morning and it all sounded good to me. The key point for me is that they have received top validation from Gartner; Forrester and the ARC awards. You don't get these if you do not have the products!

[metis20] 21/5/2019 08:45

Profit before taxation increased to $54 million, from a loss before taxation of $(41) million in FY18

[aimingupward2] 20/5/2019 18:20

Credit Suisse have a target price of 480p, so clearly see a bit of headroom here.

[jake moses] 16/5/2019 12:38

My guess is not.
Accounts are in USD as that is the group's preferred presentation currency to aid comparability with industry and peers.

[epo001] 16/5/2019 12:37

Presumably Mr Market was expecting worse.

[skatersav] 16/5/2019 12:21

Billings DOWN. "Cash EBITDA" DOWN. Cash generation DOWN. Stock UP!

[epo001] 16/5/2019 11:54

Is this likely to be affected when US markets open? And why is dividend in USD anyway?

[llama1978] 16/5/2019 08:37

I can’t work out of these results are really good or not. On balance fairly flat and plenty of uncertainty in there. Still, the US is talking about IT threats at the moment so that might prop it up a bit...

[financeguru] 16/5/2019 08:27

well that's a nice little spike up and well needed. Hope we can hold onto it and add over the next few weeks!

[llama1978] 16/5/2019 07:17

Results out.

Financial highlights
· Total group revenue up 11% to $711 million (an increase of 12% at constant currency)
- Strong growth in subscription revenue,(3) up 16% year-on-year (an increase of 17% at constant currency)
· Billings(4) flat YOY at constant currency, reflecting a challenging YOY compare
- Group net renewal rate of 124%, compared to 140% in FY18 which reflected elevated levels of cross-sell
- Total billings were affected by a mix shift, with stronger growth in smaller customers particularly driven by managed service provider ("MSP") monthly billings, and a modest reduction in the number of larger transactions compared to the prior-year period
- Weaker Network hardware billings as customers extended refresh cycles
- Total subscription renewal base now exceeds $1.2 billion, with the renewal base for FY20 up by 14% at actual rates (19% at constant currency), representing an increase of $55 million to $436 million
- Strong growth in net new term customer additions to over 335,000 total customers, from 300,000 in FY18; now in excess of 382,000 when including MSP customers
- 119% growth in MSP billings(5) to $19 million, with ARR(6) now at $27 million
· Continued strong demand for our next generation ("next-gen") solutions
- Next-gen business, including Sophos Central and XG Firewall, grew 30% at constant currency to $340 million, and now represents 47% of billings
- Within next-gen business, Sophos Central billings up 23% to $228 million, off a strong compare
· Step change improvement in adjusted operating profit(3)
- Adjusted operating profit increased by 87% to $109 million, from $58 million in FY18; driven by revenue growth and operating leverage, as well as a one-off benefit from the reduction in variable performance-related pay in the period
- Cash EBITDA(7) declined by 16% from $199 million to $168 million as we continue to invest for growth
· Profit before taxation increased to $54 million, from a loss before taxation of $(41) million in FY18
· Net cash flow from operating activities of $143 million broadly unchanged year-on-year with close management of working capital and after lower exceptional items
· Final dividend of 3.7 cents per share, an increase of 6% over the prior year
- Total dividend for the year of 5.2 cents, an increase of 6%

[jake moses] 10/5/2019 13:38

The previously announced change in guidance, moving from billings and EBITDA to revenue, hopefully means less scope to disappoint on the comparatives. In recent past the share price has climbed ahead of results and then fallen when the detail is announced, for the above reason. Fingers crossed May 16 will be different.

[financeguru] 10/5/2019 12:29

sadly, I am still a holder but have lost interest, not to mention money, I dont even know when the results are due!

I doubt that they will be good judging from the share price movement

[billbailey1] 10/5/2019 11:27

So where will this be after annual results?

[llama1978] 15/4/2019 14:58

Almost 360. I’m happy enough. Recovered almost all of my loss in last few weeks. Almost. It’s volatile enough to make a few quid here and there. I reckon will go up to near £4 by May update. £3.90 my prediction ;)

[aimingupward2] 12/4/2019 11:36

Got there: done that. Now where?

[llama1978] 03/4/2019 15:11

Hopefully will climb to 350 or so over the next week. Let’s see...

[financeguru] 03/4/2019 14:46

no! long way to go for that title :)