SHARE IN FOCUS: Teamviewer can regain some investor confidence

Wednesday, 01/12/2022 11:51 AM by


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FRANKFURT (dpa-AFX) – A solid final quarter for the software provider Teamviewer increased confidence among shareholders on Wednesday. With a premium of almost 16 percent to 13.37 euros, the paper rose to its highest level in more than seven weeks. From a technical chart point of view, however, there was no escape: Despite the gains, the price remained in the trading range of the past few months, which still seems to be capped at around 15 euros.

The company from Göppingen closed the year 2021, which was dominated by severe setbacks, with a slightly positive grade. Thanks to cost savings in the final quarter, Teamviewer earned a little more operationally than last promised. The profitability in relation to the invoiced sales (billings) was slightly higher than last estimated.

“Fourth quarter growth should satisfy investors,” JPMorgan’s Stacy Pollard wrote in an initial assessment. The currency-adjusted growth of Billings is well above market expectations. “For a thorough recovery, however, investors will want to see a similar development consistently in the coming quarters.”


Further up?

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