Deutsche Bank's analysis on Sophos highlights its position in the IT security market, focusing on its balanced portfolio across Endpoint and Network security. The report expresses confidence in management forecasts up to FY20, supported by high renewal rates and traction with products like Intercept X. It discusses market demands, margin improvements, and valuation comparisons with peers. Catalysts include the launch of a new product and upcoming financial results. The document includes a table of billings growth from FY15 to FY22 and mentions improving cash EBITDA and adjusted operating profit margins.
doj/DataSet10/EFTA01385535.pdf
{"title":"Deutsche Bank Research on Sophos","key_people":["Alex Tout"],"document_date":"January 2018","document_type":"tabular","document_subtype":"financial analysis","key_organizations":["Deutsche Bank","Sophos","Palo Alto Networks","Fortinet","Check Point Software"],"reference_numbers":["DB-SDNY-0086821","SDNY_GM_00233005","EFTA01385535"]}