As Private Trades concluded on Monday there were high expectations on figures from the first quarter of Fingerprint. That it would be the best quarter so far was already clear, but an important question was whether the previously laid revenue estimate for the year of 7.0-8.5 billion would be retained.
Our starting point was that it would not be no change, and so it was. But Lantto should have plus that he still tightened to the forecast, in that it now also comes at a dollar exchange rate of 8.30. It is in itself a higher rate than today, but still means that the question marks straightened out.
First, however, went the course down over 7 percent as both revenue and earnings were well below the market’s average expectations. A slightly less profitable price mix of supplied sensors behind plus a currency effect, which in itself is a useful reminder that the fingerprint does not live any life in the business world without affected the same way as other businesses.
However, price rebounded after hours trading on Thursday morning when the market instead focused on what the report says about the prospects. And there’s no getting away from that Fingerprint delivers strong forecasts in words – this time for the years beyond in 2016.
Lantto who made his name as careful and do not want to be caught with that promise too much now mean that sight Fingerprints position is now stronger than before. It is the report’s main spirit along with the company in the first quarter increased the pace of their smart card solutions, vehicles and the Internet of Things will be major revenue generators in the future alongside smartphones and tablets.
According to the news agency Direkt calculates broker Arctic Securities to raise their estimates for the report – this also means an increase in the target price of 850 SEK, we will see.
Next will be the General Meeting of Fingerprint on Wednesday may 4 Gothenburg. After the course the rush last year, plus good prospects learn the mood at the least be uplifting.
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