NuWays keeps Buy on q.beyond, cuts price target to EUR 5.1
Reuters2026/08/11 07:00- NuWays kept a BUY on q.beyond, cutting its 12-month target price to EUR 5.1 from EUR 5.9 on weaker trading.
- Report flagged a weak Q2, with sales down 3% to EUR 43 million; managed services revenue fell 7.7% to EUR 27 million.
- Consulting revenue rose 5.8% to EUR 16 million, supported by S/4HANA migration work and AI implementation demand.
- FY26 guidance was cut to sales of EUR 176-180 million; EBITDA seen at EUR 3-7 million, implying negative net income.
- NuWays highlighted a planned share buyback from late August, citing EUR 37 million net cash versus an EUR 82 million market value.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Storage Giant Offers Huge Bonuses Again: Micron Awards Up to 68 Months’ Bonus
Micron Technology has announced record-breaking bonuses for its employees in Taiwan, ranging from 35 to 68 months’ salary, with a minimum cash compensation of 1.7 million New Taiwan dollars. However, the Taoyuan union, representing about two-thirds of Micron’s workers in Taiwan, has refused to accept the offer, insisting that 15% of operating profits be included in the bonus distribution and maintaining the threat of a strike.
Dogecoin ETF Closure Sets October Exit for Bitwise BWOW Holders
Crypto prices
More
