WANdisco

LN: WAND

£251.3m market cap

557p last close

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

Investment summary

WANdisco’s LiveMigrator ensures consistency through the data migration process, helping enterprises accelerate their transition from on-premise storage to the cloud. At this stage it is difficult to assess the likely commercial impact, but with this release WANdisco now provides support across the three stages of the customer journey to the cloud.

Y/E Dec
Revenue (US$m)
EBITDA (US$m)
PBT (US$m)
EPS (fd) (c)
P/E (x)
P/CF (x)
2017A 19.6 (0.6) (7.8) (19.4) N/A 387.5
2018A 17.0 (9.4) (16.3) (37.5) N/A N/A
2019E 31.3 0.7 (6.3) (14.4) N/A 37.7
2020E 40.7 6.2 (0.8) (2.0) N/A 45.0
Last updated on 17/06/2019
Industry outlook

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) and potentially Blockchain as well.

Last updated on 17/06/2019
Sector
TMT
Share price graph
Balance sheet
Forecast net cash (US$m) 24.4
Forecast gearing ratio (%) N/A
Price performance
%
1m
3m
12m
Actual 14.7 (22.6) (53.6)
Relative* 15.0 (23.6) (51.4)
52-week high/low 1250.0p/340.0p
*% relative to local index
Key management
David Richards CEO
Erik Miller CFO

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