Fubotv earnings beat by $0.10, revenue topped estimates
Investing.com - Deutsche Bank (ETR:DBKGn) raised its price target on IONOS (ETR:IOS) to EUR47.00 from EUR46.00 on Friday, while maintaining a Buy rating following the company’s second-quarter performance.
The German web hosting and cloud services provider delivered what Deutsche Bank described as a "decent performance where it mattered," with core subscription-based revenue in Web Presence and Productivity growing as expected and contributing to a significant adjusted EBITDA beat.
IONOS’s AdTech segment outperformed expectations, while Cloud Solutions grew slower than anticipated, prompting the company to lower its full-year growth outlook for the Cloud segment specifically, though maintaining its overall revenue guidance.
Deutsche Bank noted that despite slower Cloud growth, this segment represents only about 11% of IONOS’s revenue and operates at breakeven levels, limiting the impact on overall profitability.
The company has been advancing growth initiatives including testing AI agents as a service for customers and pursuing longer-term opportunities with the EU AI Gigafactory project, factors that contributed to Deutsche Bank’s continued positive outlook on the stock.
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