Steil declined to comment on earlier speculation that the company was targeted by buyout groups. While the program provides flexibility for mergers & acquisitions, the company has no concrete plans in place for any deals, he said. “We decided in favor a share buyback program because our capital structure, profitability and cash flow allow us to do so,” Chief Executive Officer Oliver Steil said on a media call. The company said it doesn’t need to take on debt to fund the move. The buyback, representing nearly almost 10% of the company’s shares, is scheduled to start on Feb. TeamViewer SE (TMVWF) Stock Price Today, Quote & News Seeking Alpha TMVWF TeamViewer SE Stock Price & Overview 1.16K followers 15.11 -0.31 ( -2.01) 12:03 PM 06/21/23 Pink Limited. Positives in the results included the buyback, a “solid” rebound in the net retention rate, good cashflow and margin guidance for 2022 that was about 5% above consensus, Webb wrote in a note. ![]() Still, “we continue to see it as too early to call a fundamental turnaround.” However, the market has difficulty in sufficiently capturing the business model. ![]() Wednesday’s news represents “a further step in the right direction,” according to Morgan Stanley analysts led by George Webb. Summary TeamViewer is one of the most exciting tech companies right now. TeamViewer SE (TMV.DE) Stock Price, News, Quote & History - Yahoo Finance Mail Summary Company Insights Statistics Historical Data Profile Financials Analysis Options Holders Sustainability. At a price of 15.64 euros, it remains well below the IPO price of 26.25 euros. After more than doubling in the months that followed as the pandemic led to a surge in remote-working equipment, the stock sank 73% last year as people adapted to living with the virus. TeamViewer has had a rollercoaster ride since its initial public offering in September 2019. The shares rose as much as 18%, climbing to the highest since early October. It also said it will start a 300 million-euro ($339 million) buyback program. US-based blockchain platform Tezos has been added as training kit partner and DXC Technology signed up as the club’s new sleeve sponsor this summer, with telecommunications hardware specialist Qualcomm becoming the latest addition to United’s sponsorship portfolio.(Bloomberg) - The news is getting better for TeamViewer AG.Īfter a rough 2021 when its shares sunk on concern over the impact of economic reopening, the German supplier of remote working software on Wednesday gave investors some reasons for cheer.Īnnouncing full-year results, TeamViewer provided guidance for 2022 ahead of analysts’ estimates. The company’s latest quarterly report projected full-year billing at the bottom end of TeamViewer’s previous €630 million (US$640 million) projections.įor United, their sales team have plenty of time to find a replacement partner and have signed a number of other deals in the technology space of late. TeamViewer has seen its share price fall by more than 71 per cent since agreeing the deal with United last year. TeamViewer expects that the combined effect of these measures will result in a significant improvement in the company’s margin following the end of the current sponsorship agreement.’Īccording to the Daily Mail, United ignored higher offers when signing a deal with TeamViewer that was worth UK£17 million (US$20.5 million) a year less than the club’s previous shirt sponsorship deal with Chevrolet. The statement adds: ‘Having successfully implemented short-term measures to improve the bottom line, such as parts of ReMax and the refinancing, the company is now increasingly focusing on medium-term measures to ensure and increase its high profitability. ![]() While the partnership and its brand-building effect has been positive over the past year, the company has decided to reassess its long-term marketing strategy in light of the current macro environment.’ that are encrypted include TeamViewer, Cisco Webex, and GoToMeeting.11 Zoom suffered significant drops in stock price as a result of the news about its. Manchester United call for stronger women’s soccer financial regulationsĬonfirming the decision in its second quarter statement, TeamViewer said: ‘TeamViewer does not intend to extend the sponsorship agreement with Manchester United beyond its term.
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