WANdisco

LN: WAND

Market Cap£319m

Last Close 480p

WANdisco’s proprietary replication technology enables its customers to solve critical data-management challenges created by the shift to cloud computing. It has established partner relationships with leading players in the cloud ecosystem including Oracle, Amazon, IBM and Microsoft.

More WANdisco content >

Investment summary

WANdisco’s (WAND’s) capital markets day (CMD) underlined the success of its transition to a cloud-centric commit-to-consume (CtC) model and the potential of its offering for Internet of Things (IoT) use cases, which looks set to drive a significant inflection in growth. Management sees opportunities across multiple industries with a pipeline boosted by a number of factors, including product improvements, restructuring the sales and marketing teams, and ever improving reference ability with tier one customers and partners. We raise our FY22 bookings and ending remaining performance obligations estimate on the back of the recent $25m contract win. Until we gain more visibility on the rate of data consumption, we leave our revenue estimates unchanged, although further deal announcements could be a catalyst for upgrades.

Y/E Dec
Revenue (US$m)
EBITDA (US$m)
PBT (US$m)
EPS (fd) (c)
P/E (x)
P/CF (x)
2020A 10.5 (22.2) (30.4) (57.3) N/A N/A
2021A 7.3 (29.5) (34.7) (57.9) N/A N/A
2022E 12.0 (25.9) (31.4) (48.4) N/A N/A
2023E 25.0 (15.3) (20.8) (29.0) N/A N/A
Industry outlook

The shift to the cloud is enabling enterprises to reduce the cost of storing rapidly expanding datasets, while enhancing the performance of business-critical functions. By providing guaranteed consistency for these datasets, WAND’s LiveData accelerates this shift in three ways: data migration, hybrid cloud and multi-cloud.

Last updated on 28/09/2022
Content on WANdisco
WANdisco – Internet of things provides the ‘killer app’
TMT | research Update | 22 September 2022
Cloud computing technology and online data storage for business network concept. Computer connects to internet server service for cloud data transfer presented in 3D futuristic graphic interface.
WANdisco – Record $25m contract with top 10 global telco
TMT | research Update | 21 September 2022
Cloud computing technology and online data storage for business network concept. Computer connects to internet server service for cloud data transfer presented in 3D futuristic graphic interface.
WANdisco – Reaching a key inflection point
TMT | research Update | 11 July 2022
Cloud computing technology and online data storage for business network concept. Computer connects to internet server service for cloud data transfer presented in 3D futuristic graphic interface.
View more
Register to receive research on WANdisco as it is published
Share price graph
Balance sheet
Forecast net cash (US$m) 21.2
Forecast gearing ratio (%) N/A
Price performance
%
1m
3m
12m
Actual 37.1 67.3 67.8
Relative* 46.3 76.7 77.3
52-week high/low 492.0p/222.5p
*% relative to local index
Key management
David Richards CEO
Erik Miller CFO