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Onsdag 28 Oktober | 20:02:41 Europe / Stockholm

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Penneo - Maintained guidance implies accelerated ARR growth

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Penneo - Maintained guidance implies accelerated ARR growth

2022-11-28 08:39:00

Redeye makes forecast adjustments on the back of Penneo’s Q3 report, which showed an ARR slightly below our expectations, while the company kept its full-year 2022 ARR and EBITDA guidance, implying that the growth needs to pick up in Q4. Altogether, the minor forecast adjustments and a somewhat increased WACC slightly affect our fair value range.

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