Received this report from Curran & Co recommending TNT as a "buy" with a 12-month target price of 40c.
Curran & Co are reputable analysts - I believe this research is independent (not paid for by TNT).I've tried to upload the file below, but HC sometimes doesn't like it. If you're interested, check out their website, it may be available.
Good Morning,
Cyber Security solutions provider, Tesserent Ltd (TNT) is expected to see strong demand for its products and services, from both its enterprise and government clients.
This is a result of increasing attacks from sophisticated State-basedActors and other malicious parties, including Hacktivists and Cybercriminals.
The company's Cyber 360 acquisition strategy, has boosted its annual revenue run rate to $80m and expanded capabilities, making it the largest ASX-listed Cyber Security provider and a one-stop-shop for Cyber Security solutions, with Tesserent targeting a run rate of $100m in revenue by the end of FY21.
Having acquired 6 Cyber security providers, sales and earnings growth potential from unlocking synergies is significant.
Numerous additional acquisition opportunities also provide Tesserent with strong prospects for accelerated revenue growth. We initiate with a BUY recommendation on Tesserent Ltd (TNT) with a 12-month target price of $0.40 per share (54% upside on Thursday's close).
Initiation Report attached.
Please feel free to call if you have any questions.
Kind Regards,
Tesserent (TNT)-Initiation Report-CurranCo.pdf
