NetScout Systems (NTCT) reported fiscal Q2 ’23 results above our estimates and consensus. The strong performance reflected accelerating growth in cybersecurity sales to enterprise customers along with a slight increase in service assurance sales.
Read MoreWe met with Peraso’s (PRSO) CEO Ron Glibbery at MWC Las Vegas. At the event, Peraso showcased its 60 GHz mmWave devices and modules and its new mmWave Beamformer IC targeted at customer premise equipment (CPE) for licensed 5G spectrum.
Read MoreLate last week, CTG, Inc. (CTG) announced the acquisition of Eleviant Tech, a privately-held IT solutions and services company with a similar focus on accelerating its customers’ digital transformation initiatives.
Read MoreDHI Group, Inc. (DHX) hosted a virtual investor day during which management highlighted a significant total addressable market opportunity, committed to maintaining the “Rule of 40,” previewed the launch of a new corporate branding offering, expressed confidence in sustaining strong performance in key go-to-market metrics, and raised its guidance for FY ‘22.
Read MoreWe are initiating coverage of Peraso (PRSO) with a price target of $4.00 based on a FY ’23 EV/Sales multiple of approximately 3x. We believe Peraso has a long runway for growth driven by the deployment of 5G networks and the corresponding rise in bandwidth-intensive services.
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