Oct 09th 2012 - Edison Investment Research today published a report on Endace (EDA.L, LSE:EDA, LON:EDA) entitled "In Better Shape". In summary, the report says:
Endace’s H1 trading update suggests substantially better progress than implied by the headline numbers. The higher margin, scalable and recurring elements of the business are all growing robustly, gross margins are expanding and cost control is good. The company remains a strong play on the migration to faster networks and the growing imperative to have visibility on the traffic flowing over them. The EV/Sales ratio does not reflect this and our earnings estimates have scope for healthy upside.
Edison Investment Research is a leading international investment research company. It has won industry recognition, with awards both in the UK and internationally. The team of 95 includes over 60 analysts supported by a department of supervisory analysts, editors and assistants. Edison writes on more than 400 companies across every sector and works directly with corporates, fund managers, investment banks, brokers and other advisers. Edison’s research is read by institutional investors, alternative funds and wealth managers in more than 100 countries. Edison, founded in 2003, has offices in London, New York and Sydney and is authorised and regulated by the Financial Services Authority (www.fsa.gov.uk/register/firmBasicDetails.do?sid=181584). more »