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News and unfiltered commentary from analysts at MGI Research.

Cloud Stocks Again Lagged Equity Benchmarks in 1H2014

Posted by Igor Stenmark
Igor Stenmark
Igor Stenmark is a Managing Director of MGI Research.
User is currently offline
on Wednesday, 09 July 2014
in MGI Quant

As was the case in 2013, during the 1H2014 equities of cloud companies have lagged broad market benchmarks. In 2013, the 2nd half of the year reversed the trend - cloud equities not only caught up but also outperformed the market finishing the year up over 32.22% vs. S&P 500 up 29.69%.

© 2014 MGI Research, LLC
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Twitter Ups IPO Valuation Closer to Our Estimate of $17Bil

Posted by Igor Stenmark
Igor Stenmark
Igor Stenmark is a Managing Director of MGI Research.
User is currently offline
on Monday, 04 November 2013
in MGI Quant

This morning Twitter raised the price of its proposed IPO from $11.1 Billion to $17.4 Billion. The Internet Valuation Model we published last week predicted $17Bil market cap for Twitter. The revised Twitter valuation is also inline with average EV/Revenue multiple for LargeCap Internet stocks. The price increase must be reflective of demand for Twitter IPO shares. There is a high probability that at the open of trading, Twitter shares will trade above the trend line for its peer group. As a reminder, - there are numerous LargeCap social media stocks (Facebook, Linkedin, et al) that trade above the valuation trend line.

© 2013 MGI Research, LLC
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The Cloud Trend is Intact - MGI Cloud 30 Index Reaches an All Time High

Posted by Igor Stenmark
Igor Stenmark
Igor Stenmark is a Managing Director of MGI Research.
User is currently offline
on Monday, 29 July 2013
in MGI Quant

The upward trend in cloud equities is intact. On Friday, July 26 2013, The MGI Cloud30(tm) Index reached an all-time-high of 247.02. But even with the latest surge in performance, the cloud stocks have markedly under performed the broad equity index benchmarks like S&P 500. The gap between MGI Cloud30 and S&P 500 has narrowed considerably from over 17% earlier this year to just over 3.5% as of Friday. While it is difficult to assess how many investors have followed this arbitrage situation, it is clear to us that the interest level is clearly rising.

© 2013 MGI Research, LLC
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Quality Systems Inc. June 2008 Qtr Results Match Quality of its MGI Scores

Posted by Igor Stenmark
Igor Stenmark
Igor Stenmark is a Managing Director of MGI Research.
User is currently offline
on Monday, 11 August 2008
in MGI Quant

August 11th 2008

 

 

On Wednesday, August 6th 2008 during MGI Research summer briefing webinar we highlighted Quality Systems, Inc. (Nasdaq: QSII) as the Number 1 ranked applications software vendor amongst a peer group of 75 companies. The data was derived from MGI Research May 2008 benchmark of applications software vendors (ASVs). The peer group also includes Oracle, SAP, Salesforce.com among others. QSII has an MGI Index (MGI-X) score of 2809 and MGI Change Vector (MGI-CV) of +8%. QSII was also rated as the most efficient ASV amongst 65 companies in our October 1st 2007 benchmark but at the time it showed a meaningfully negative MGI Change Vector.

 

© 2008 MGI Research, LLC
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