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Sep 23, 2021 · Analysts tracking the stock expect Magnet Forensics to increase sales to $67 million in 2021 and $86.36 million in 2022. This suggests the stock is valued at a forward price-to-2021-sales multiple ...
Sep 23, 2021 · Here's why Magnet Forensics stock remains a solid bet for growth investors, despite its 116% climb since May 2021. The post Why Magnet Forensics Stock Has More Than Doubled in 2021 appeared first on The Motley Fool Canada.
- Growth Catalysts
- Magnet Has Flawless Financials
- Valuation
- Are The Numbers Too Good to Be True?
- Wall Street's Take
- Final Thoughts
Magnet Forensics operates in the cybersecurity industry, which was valued at $133 billion in 2021. Between 2022 to 2027, the industry is expected to see a compound annual growth rate of 14.1%. More specifically, Magnet Forensics offers tools designed for digital investigations and intelligence. This niche within the cybersecurity umbrella was value...
When analyzing the company's financial statements, the thing that stands out the most is its gross margin. Magnet Forensics is able to consistently achieve margins greater than 90%, which is not a common feat in the business world. As a result, it is able to guide for 30% revenue growth while also expecting EBITDA margins in a range of 14% to 16%. ...
When valuing Magnet Forensics, we want to focus on its free cash flow as it will give us a better picture of the company's performance. Using analysts' estimates, Magnet is expected to achieve free cash flow of USD 19 million, roughly CAD 24.5 million at current exchange rates. After the recent sell-off that has pushed the stock's price down under ...
Something investors should always do is question if something is too good to be true. It's always possible that a company might be an earnings manipulator. To figure out if this may be the case, we will employ a method known as the Beneish M-Score, which can help us identify if a company is an earnings manipulator. The interpretation is quite simpl...
Turning to Wall Street, Magnet Forensics has a Strong Buy consensus rating based on four Buys assigned in the past three months. The average Magnet Forensics price targetof $40.50 implies 128% upside potential.
Magnet Forensics is a very strong business that is growing very fast while remaining profitable. It has solid financials, a reasonable valuation, and also has the backing of analysts who think the stock can potentially more than double. As a result, we are bullish on the stock. Discover new investment ideaswith data you can trust. Read full Disclai...
Dec 9, 2022 · The stock was trading at around C$18 then, but a recent shift in momentum has brought the stock over the C$40 mark. Now, MAGT stock is up about 180% from its low, making us shift our rating to ...
Apr 11, 2023 · Magnet Forensics Inc. was incorporated in 2010 and is headquartered in Waterloo, Canada. Read More…. The pioneer in smart-doorbell technology, RING, pitched their business on the hit show Shark Tank at a valuation of just $7 million - the sharks shut them down. 5 years later, the company sold to Amazon for more than $1 Billion, turning the 10 ...
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Magnet Forensics Inc., together with its subsidiaries, engages in the development of data analytics software used for digital forensics investigations to public sector and private enterprises in Canada, the United States, and Europe. It offers Magnet AXIOM, a digital investigations platform to recover analyze, and report on digital evidence from smartphones, cloud services, IoT devices, and ...
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The company was formerly known as JADsoftware Inc. and changed its name to Magnet Forensics Inc. in August 2012. Magnet Forensics Inc. was incorporated in 2010 and is headquartered in Waterloo, Canada with additional locations in Herndon, Virginia; Ottawa, Canada; London, United Kingdom; Düsseldorf, Germany; and Singapore.
