Today we commence our Pro service coverage of the cybersecurity sector. Our first Pro note sets out the vendor landscape as we see it, and explains why our top picks include ZScaler (ZS) and Cloudflare (NET). The note is free to all Pro subscribers - if you're yet to subscribe, you can buy the note on a one-time basis - we'll deduct the cost of the note against your subscription fee should you choose to join us.
We've been busy here at Cestrian Capital Research, Inc - and we're getting busier. We share with you news about our new 'Cestrian Elements' service, highlight some recent work of ours, and take a brief look at the investment research we'll be publishing in the coming weeks.
We add coverage of Science Applications International Corp (SAIC) shortly. This is a well-managed federal contractor serving a number of high-end space, defense and other security-controlled niches, together with a civilian line of business modernizing federal government IT systems. The company is serially acquisitive and has proven adept at integrating targets and paying down acquisition debt promptly. Enterprise value stands at $7.4bn and its valuation multiples are unchallenging for a long-term buyer.Our 'initiating coverage' note on SAIC will be available to Pro subscribers next week.