Claranova SA

Avanquest Software and its subsidiaries are engaged in manufacturing and distributing of communication software. Co. markets its communication software through Original Equipment Manufacturer (OEM) agreements signed with international modem, computer and cellular phone vendors. Co. also sells its communication software "in shops" through a network of Resellers and, currently, on its Web sites. In addition to the software, Co. provides customers with the software medium (floppy disks or CD-ROM), and an electronics User Guide and online help, included with the product. Co.'s Customer Service department can also provide clients with technical assistance for its products.
  • TickerCLA
  • ISINFR0004026714
  • ExchangeEuronext Paris
  • SectorSoftware & Computer Services
  • CountryFrance

Analysts

Nicolas Thorez

Claranova : Catch me if you can

With a hybrid profile unique in France and a foothold in the major technology markets (Internet, mobile and IoT), the group's new organisational structure offers attractive expansion opportunities. We see several positive catalysts for the stock, with further hyper-growth in the mobile business, margin improvement in internet operations and the ramp-up of the IoT division. We are initiating coverage of Claranova with a Buy recommendation and a target price of € 1.2, representing ...

Nicolas Thorez

Claranova : Catch me if you can

Avec un profil hybride unique en France et positionnée sur les grands domaines de la technologie (Internet, mobile, IoT), la nouvelle structure du groupe offre des opportunités de développement intéressantes. Selon nous, la poursuite d’une hyper-croissance sur le mobile, la progression des marges sur le web et le ramp-up de l’activité IoT sont autant de catalyseurs favorables sur le titre. Nous initions le suivi à l’Achat avec un OC de 1.2 €, soit un potentiel d’appréciation de 4...

Julien Onillon

Claranova: A sustained growth dynamic

The first quarter of the calendar year is seasonally weak for Claranova. Nevertheless, it remains important in terms of trend. That being said, at constant scope and exchange rates, Claranova maintained the very strong growth rate of previous quarters and posted a 33% increase in revenue (compared to +33% in Q4 and +32% in Q3). In absolute terms, i.e. taking into account the acquisitions made by the Internet division and the positive currency effects, the increase in revenue was 69%! It's better than we expected.

Katherine Thompson

Claranova - Growth strategy paying off

Claranova has reported another strong quarter, with organic constant currency revenue growth of 33% y-o-y in Q319, maintaining the same rate of growth as in H119. Geographic and product expansion are driving PlanetArt growth, while the recent acquisitions by Avanquest have reinvigorated the division. We have revised our revenue forecasts up to reflect stronger than expected growth, although this has a minimal impact at the EBITDA level.

Nicolas Thorez

Claranova : Catch me if you can

With a hybrid profile unique in France and a foothold in the major technology markets (Internet, mobile and IoT), the group's new organisational structure offers attractive expansion opportunities. We see several positive catalysts for the stock, with further hyper-growth in the mobile business, margin improvement in internet operations and the ramp-up of the IoT division. We are initiating coverage of Claranova with a Buy recommendation and a target price of € 1.2, representing ...

Nicolas Thorez

Claranova : Catch me if you can

Avec un profil hybride unique en France et positionnée sur les grands domaines de la technologie (Internet, mobile, IoT), la nouvelle structure du groupe offre des opportunités de développement intéressantes. Selon nous, la poursuite d’une hyper-croissance sur le mobile, la progression des marges sur le web et le ramp-up de l’activité IoT sont autant de catalyseurs favorables sur le titre. Nous initions le suivi à l’Achat avec un OC de 1.2 €, soit un potentiel d’appréciation de 4...

Julien Onillon

Claranova: A sustained growth dynamic

The first quarter of the calendar year is seasonally weak for Claranova. Nevertheless, it remains important in terms of trend. That being said, at constant scope and exchange rates, Claranova maintained the very strong growth rate of previous quarters and posted a 33% increase in revenue (compared to +33% in Q4 and +32% in Q3). In absolute terms, i.e. taking into account the acquisitions made by the Internet division and the positive currency effects, the increase in revenue was 69%! It's better than we expected.

Katherine Thompson

Claranova - Growth strategy paying off

Claranova has reported another strong quarter, with organic constant currency revenue growth of 33% y-o-y in Q319, maintaining the same rate of growth as in H119. Geographic and product expansion are driving PlanetArt growth, while the recent acquisitions by Avanquest have reinvigorated the division. We have revised our revenue forecasts up to reflect stronger than expected growth, although this has a minimal impact at the EBITDA level.

Johann Carrier ...
  • Maxime Dubreil

INVEST SECURITIES - CLARANOVA : Un nouveau trimestre particulièrement dynamique - ACHAT, OC 1,16€

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Jehanne Leroy

Claranova - 29 Novembre 2018

La société propose à ses actionnaires de changer son mode d'administration afin de passer à une structure moniste. Si ce changement seul ne semble pas poser particulièrement de problème, cependant la société n’explique pas clairement les objectifs de ce changement, ni même si les fonctions de Directeur Général et de Président du conseil vont continuer à être séparées. Par ailleurs le manque de transparence sur les rémunérations engendra une recommandation de vote négatif pour les résolutions 6 à 10 et de 27 à 28.

Etude de l'AG du 30/11/2016

Le 1 janvier 2016, la société a modifié la structure de la société pour avoir une Conseil de Surveillance et Directoire. Ce qui requit une séparation des fonctions dePrésident et Directeur Général, ces modifications soient bienvenues et démontrent la volonté de la société d'instaurer une bonne gouvernance.Malheureusement, la société continue de conclure des conventions avec certains de ses administrateurs non exécutifs (notamment avec Marc Goldberg jusqu'au administrateur et proposé comme censeur de 253 000 €).Par ailleurs, les autorisations d'opérer sur le capital (rachat, augmentations de ca...

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