Gemalto: 'our view of share is unchanged' Oddo says.
(CercleFinance.com) - Oddo BHF believes that the group's new publication does not bring any significant new information, and says "our vision of the share remains unchanged".
Oddo BHF maintains its reduce rating, maintaining its forecasts in terms of operating profit (2017/19 underlying EBITDA) and a target price maintained at 40 euros (no speculative premium).
Gemalto this morning reported adjusted net income of 39 million euros for the first six months of 2017, meaning diluted adjusted earnings per share of 0.44 euros, against 1.19 euros in H1 2016.
"Meanwhile, the group's net loss (IFRS) is very heavy (473 million euros), after integrating a charge of 425 million euros for goodwill impairment" Oddo BHF underlines.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
Oddo BHF maintains its reduce rating, maintaining its forecasts in terms of operating profit (2017/19 underlying EBITDA) and a target price maintained at 40 euros (no speculative premium).
Gemalto this morning reported adjusted net income of 39 million euros for the first six months of 2017, meaning diluted adjusted earnings per share of 0.44 euros, against 1.19 euros in H1 2016.
"Meanwhile, the group's net loss (IFRS) is very heavy (473 million euros), after integrating a charge of 425 million euros for goodwill impairment" Oddo BHF underlines.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.