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.
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