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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.£388.8m
Last close930.00p
High / Low (52 weeks)1250.0p / 532.5p
Stock market listingLN
Forecast net cash (US$m)20.8
Forecast gearing ratio (%)N/A
TeamTechnology
SectorTechnology

Price performance

%1m3m12m
Actual(13.9)(8.1)18.9
Relative *(13.5)(7.1)13.6

* % Relative to local index

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Company news

Investment summary

WANdisco's core Fusion product enables clients to move large amounts of data over large distances while still using it. This capability means that the company is exceptionally well placed to benefit from the rapid shift of data to the cloud (both for pure cloud and hybrid environments) - which is set to remain one of the major structural growth trends in IT for a number of years. WANdisco has established an enviable roster of partners with IBM, Alibaba, Dell/Vertustream and most recently Microsoft, which could be the company’s most important partnership to date. It is difficult to gauge how quickly revenues from these partnerships will ramp up, but noting increasing marketing activity from Microsoft for Fusion, we believe that our bookings are relatively cautious and the company is well placed to generate strong, sustained growth. We believe management is likely to prioritise investing to fully capture the growth opportunity ahead of generating profit/positive cash flows near term.

Last updated on 27/07/2018

Y/E Dec Revenue (US$m) EBITDA (US$m) PBT (US$m) EPS (fd) (c) P/E (x) P/CF (x)
2016A 11.4 (7.5) (16.4) (46.9) N/A N/A
2017A 19.6 (0.6) (7.8) (18.6) N/A 706.7
2018E 24.6 (0.5) (8.0) (18.2) N/A 116.0
2019E 31.4 1.0 (6.8) (15.3) N/A 63.0

Last updated on 26/07/2018

Latest video

Executive interview - WANdisco

Industry outlook

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 27/07/2018

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