SmileStudioAP Rubrik Is Transitioning To A SaaS Company Rubrik, Inc. (RBRK) has filed to raise $100 million in an IPO of its Class A common stock, according to an SEC S-1 registration statement. Rubrik helps organizations secure their data through the company’s cloud platform and software. While RBRK is making significant progress toward becoming a…
Nataly Hanin/iStock via Getty Images SoundThinking (NASDAQ:SSTI), formerly known as ShotSpotter, offers a suite of SaaS offerings to make law enforcement more effective and efficient. Trading at 2x sales with a $200 million market capitalization, SoundThinking is cheap for a SaaS company with a history of 15% annual growth and huge operating leverage. The company…
Andriy Onufriyenko/Moment via Getty Images Box (NYSE:BOX) offers a compelling risk/reward at current levels in my view. The leading Content Cloud player trails peers on growth but deserves a better multiple given improving margins, new product catalysts, and secular tailwinds for secure collaboration. After years of inconsistent execution, Box may finally be poised to accelerate…
putilich Premier, Inc. (NASDAQ:PINC) brings a collaborative business model with SaaS-based clinical and financial software as well as an aggressive M&A strategy. I also believe that the recent strategic initiatives, restructuring efforts, and recent acquisitions could bring significant financial performance improvement in the coming years. There are several risks out there from goodwill impairments or…
da-kuk Investment overview The central point of an investment analysis into Varonis Systems (NASDAQ:VRNS) is its transition into a SaaS model. While this transition is a growth tailwind in the near term, it has long-term benefits as it drives higher contribution margins and shorter sales cycles. In other words, I view the SaaS model as…
Techa Tungateja/iStock via Getty Images Mitek Systems (NASDAQ:MITK) operates an identity validation platform. The company has been growing at a very good pace with mostly organic performance. I believe that Mitek is poised for long-term margin expansion along with a good amount of further growth in the growing identity verification market. The current valuation doesn’t…
Slaven Vlasic Yext (NYSE:YEXT) has been on a wild roller-coaster ride, as the stock got caught up in the AI-hype train only to see that story get derailed in a matter of months. However, the stock has gone back to a potential cheap SaaS turnaround play. Company Profile Through its digital ecosystem, YEXT structures and…
Melpomenem Varonis (NASDAQ:VRNS) reported its second quarter 2023 (Q2) financial results on July 31 when it missed both the revenue and EPS estimates. Despite this bad performance, its shares climbed from around $28.7 to $31 in the immediate aftermath of the announcement which makes you wonder whether, behind these disappointing results, there is not something…