Growing out of the old self: management itself says the company has quietly become a different business, and the numbers
The model's full reasoning — Q2 2016 call → NOWe need to determine if management conveys that the company is now running on a different basis than its reported results and reputation were built on, with both halves: (1) a change of basis already real, and (2) management says the record and perception lag the change. Let's analyze the transcript. The CEO Yaki Faitelson and CFO Gili Iohan speak. Key points: - Yaki says: "We see strong momentum in the business and this is now the third quarter in a row of going both license and total revenues with 30% or more year-over-year." That's just growth. - He talks about market awareness, ransomware, insider threats, etc. He says: "More and more organizations realize that they don't have visibility into the massive and growing stores of unstructured data... So many of these digital assets are sensitive and valuable... Therefore the management in protection of unstructured data in prior systems are becoming key spending priorities for IT and security professional as well as senior executives who understand their ramification of not taking action." - He says: "We are also benefiting from trends in UBA User Behavior Analytics as companies realize they need credible data at both the assets they are trying to protect. Without it there is just not much to analyze we are over a decade of experience generating, collection and refining the credible data to our audit capabilities, commission analysis and data classification. This means that more and more companies realize that they need Varonis first." - He says: "We know, that the problems we are trying to solve are bigger and getting bigger." Then he cites a study. - He says: "Our solution immediately dictates press by analyzing data, accountability and user behavior and we will help prevent compromise by locking down sensitive and stale data, reducing board access and simplifying permission. Finally Varonis help its customer to sustain a secure state by automating authorization migration and disposition." - He says: "Ransomware continues to be strong driver for our business not just because DatAlert detects it because it brings to life what we have been saying for 11 years. Organization have too much unprotected data, way too many people with access to it and too many unknowns, who is using it, deleting it, or keeping it for ransom. Ransomware is the only side of threat that announced its presence.
| Ticker | Company | Call | Date | Call grade |
|---|---|---|---|---|
| SANG | Sangoma Technologies Corporation | Q2 2024 | 2024-02-08 | D |
| WD | Walker & Dunlop, Inc. | Q2 2022 | 2022-08-09 | C+ |
| KD | Kyndryl Holdings, Inc. | Q4 2021 | 2022-03-01 | C+ |
| CAG | Conagra Brands, Inc. | Q2 2017 | 2016-12-22 | C+ |
CALX · Q1 2023 → YESThe question is whether management conveys that the company today is running on a different basis than what its reported results and reputation were built on. Both parts: a change of basis already rea...YES The transcript shows management describing the company as now operating on a fundamentally different basis—selling into a new market of broadband service providers building consolidated networks, shifting from a legacy cyclical model to sequential revenue through platforms, clouds, and managed services—while treating this as an accomplished reality today, not a future plan. They emphasize numbers like 988 BSP deployments, 865 cloud customers, and 334 managed services customers, along with three years of over 25% growth, as evidence of this new foundation already in place.
SANG · Q2 2024 → YESThe question is whether management conveys that the company today is running on a different basis than the one its reported results and reputation were built on. Both parts: a real change of basis alr...
WD · Q2 2022 → YESThe question is whether management conveys that the company today is running on a different basis than the company its reported results and reputation were built on. Specifically, two parts: a change ...