NA9
📉 Nagarro’s stock price recently dropped due to concerns about Accenture’s comments on government spending cuts and a major shareholder leaving the supervisory board, but these factors have minimal impact on Nagarro’s core business.
💼 The major shareholder who left the board is at an advanced age and is stepping back from commitments, and he has actually increased his stake in the company from 21% to 24%.
💰 Nagarro is currently trading at a low valuation (around 11-12 times earnings) despite its solid growth prospects and strong financial position.
@Artedeinvertir:
“Nagarro dropped for two reasons. First, Accenture published good results but lowered guidance, mentioning cuts by Elon Musk. The U.S. government has called companies like Accenture and CGI to cut spending. However, this does not affect Nagarro, which is much smaller. Second, the largest shareholder, who was on the supervisory board, left his position. This has nothing to do with the company. This individual is at an advanced age and wants to enjoy life, stepping back from commitments. Nagarro has long been managed by Manas and his team. This shareholder is retired in South Africa. He even increased his position in the company from 21% to 24%. The market, however, may only see the negative. Nagarro is trading at 11 or 12 times this year’s earnings.”
Watch the exact part of the YouTube video where Nagarro is discussed:
View the video on YouTube.
Read more articles by the world’s top 100 analysts on Nagarro (NA9) at the following link. NA9 stock.
