{"id":417047,"date":"2010-03-11T11:50:00","date_gmt":"2010-03-11T16:50:00","guid":{"rendered":"e2249889-c78b-43e3-9643-b1d7d4aa587b:406314"},"modified":"2010-03-11T11:50:00","modified_gmt":"2010-03-11T16:50:00","slug":"redknee-solutions-technology-leader-in-emerging-sweet-spot","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/417047","title":{"rendered":"Redknee Solutions: Technology leader in emerging sweet spot"},"content":{"rendered":"<p>Dundee Securities has initiated coverage of <a href=\"http:\/\/www.financialpost.com\/story.html?id=2653342\" >Redknee Solutions Inc.<\/a> with a Buy rating and $2.20 price target. Analyst Dushan Batrovic told clients that the company is well positioned as a technology leader in an emerging sweet spot around wireless data monetization.<\/p>\n<p>\u201cThe explosion of wireless data traffic has forced telecom operators to look for new ways to sell data applications while simplifying their underlying cost structure. Legacy billing\/policy management platforms are ill-equipped to respond, which opens the door to next gen vendors like Redknee.\u201d<\/p>\n<p>Mr. Batrovic believes the worst of the telecom spending downturn has passed, while the company&#39;s management aggressively cut operating expenses in response to the economic crisis. He noted that Redknee\u2019s year-over-year EBITDA rose last quarter, despite sales falling nearly 20% during the same period. The analyst also said the company is lean just as pipeline activity begins to accelerate.<\/p>\n<p>As a result, he anticipates strong operating leverage for the rest of 2010 as sales return to pre-recession levels. Mr. Batrovic also pointed out that Redknee has almost $24-million in cash and no debt. <a href=\"http:\/\/www.financialpost.com\/markets\/company\/index.html?symbol=RKN&amp;id=25536304\" >It is trading<\/a> at an attractive valuation of 6x EBITDA, 11x earnings and with 30% of its market cap in cash. <\/p>\n<p><a href=\"mailto:jratner@nationalpost.com\">Jonathan Ratner<\/a> <\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/network.nationalpost.com\/NP\/aggbug.aspx?PostID=406314\" width=\"1\" height=\"1\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dundee Securities has initiated coverage of Redknee Solutions Inc. with a Buy rating and $2.20 price target. Analyst Dushan Batrovic told clients that the company is well positioned as a technology leader in an emerging sweet spot around wireless data monetization. \u201cThe explosion of wireless data traffic has forced telecom operators to look for new [&hellip;]<\/p>\n","protected":false},"author":4059,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7,3],"tags":[],"class_list":["post-417047","post","type-post","status-publish","format-standard","hentry","category-news","category-wireless"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/417047","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/4059"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=417047"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/417047\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=417047"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=417047"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=417047"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}