WANdisco (WAND)

Business description

WANdisco is a distributed computing company. It has developed a suite of solutions based around proprietary replication technology, which solves critical data management challenges prevalent across the big data infrastructure and ALM software markets.

Stock data

Market cap.£299m
Last close730.00p
High / Low (52 weeks)881.5p / 371.0p
Stock market listingLN
Forecast net cash (US$m)23.4
Forecast gearing ratio (%)N/A
TeamTechnology
SectorTechnology

Price performance

%1m3m12m
Actual(8.1)15.093.4
Relative *(2.5)17.492.2

* % Relative to local index

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Company news

Investment summary

WANdisco’s strong bookings momentum ($22.5m, +45% y-o-y, vs Edison $21.7m) in FY17 was more than matched by the strategic progress during the year. For the core big data business, we upgrade our bookings estimate by 21% and now forecast 40%+ y-o-y bookings growth for FY18 and FY19, partially offset by a de-focus on the legacy SCM business. The company’s platform for growth looks exceptionally strong and we see scope for a further acceleration driven by adoption of Fusion for more use cases, sales through more partners and supported by very attractive market dynamics. We believe that further strong deal flow or strategic partner development could be the key catalysts for more aggressive growth assumptions to be priced in.

Last updated on 02/02/2018

Y/E Dec Revenue (US$m) EBITDA (US$m) PBT (US$m) EPS (fd) (c) P/E (x) P/CF (x)
2015A N/A N/A N/A N/A N/A N/A
2016A 11.4 (7.5) (16.4) (46.9) N/A N/A
2017E 17.5 (2.8) (10.2) (24.4) N/A 1110.9
2018E 22.2 (2.8) (10.4) (23.8) N/A 57.4

Last updated on 19/01/2018

Latest video

Executive interview - WANdisco

Industry outlook

Market developments now appear to be strongly in WANdisco's favour, with the rapid shift of data to the cloud growth and with distributed data becoming the basis for new, high-value applications. A Wikibon survey found that over 50% of businesses have significant concerns over cloud data lock-in – a problem that WANdisco is able to help mitigate.

Last updated on 02/02/2018

Key management

David Richards, CEO
Erik Miller, CFO

Company address

Electric Works
Sheffield Digital Campus
Sheffield
S1 2BJ
United Kingdom
+44 (0)114 3039985
View website