19/11/2024 17:03

Technology One Ltd (TNE) $29.45

TNE was the market’s shooting star on Tuesday, surging ~11% after bearing earnings guidance.

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22/10/2024 09:20

Technology One (TNE) $24.65

Enterprise software business TNE is up over 60% so far in 2024, with pullbacks few and far between. The market has pushed the stock higher than expected following its May half-year result, but as we regularly say, don’t fight the tape! The stocks rallied on the company’s ability to grow recurring revenue with the shift of existing customers onto subscription services.

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21/05/2024 16:41

Technology One (TNE) $16.75

TNE +4.56%: HY results out for the enterprise software business today, shares were initially on the back foot before rallying through the session. The numbers showed impressive growth for the half, however, they were broadly a touch softer than expected. Annualized Recurring Revenue (ARR) grew 21% to $424m, though this was a slight miss to consensus.

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16/05/2024 09:18

Technology One (TNE) $16.18

Software business TNE has lagged behind the local Tech Sector in 2024, posing the question of whether it's time for some catch-up or whether we should stay with the strength.

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12/04/2024 09:08

Technology One Ltd (TNE) $16.01

Software company TNE, unlike the previous three stocks, didn’t shoot the light out with its latest result, and it looks tired above $16. We continue to regard TNE as a high-quality growth stock, but it is expensive for the type of business it is, trading at almost 45x Est. FY24 earnings, a valuation that leaves plenty of room for disappointment.

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23/11/2023 09:09

Technology One Ltd (TNE) $15.70

TNE delivered a strong FY23 result this week, which initially propelled the stock towards its all-time high on solid headline numbers, e.g. revenue of $430mn was 3% better than expected, and UK growth at 51% YoY was a highlight. However, costs came in 6% higher than was forecast, which has been a common theme through 2023,.

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10/11/2023 09:48

Technology One (TNE) $15.60

Demand for TNE’s enterprise software solutions has remained a beneficiary of the growing global digital transition as companies/Governments upgrade legacy IT footprints – the company reports on the 21st of this month.

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06/10/2023 09:27

Technology One Ltd (TNE) $15.57

Technology One closed up +1.5% yesterday after a relatively limited pullback over the last few weeks. We haven’t changed our stance towards TNE for months; we’re still targeting a test of $18 into Christmas.

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26/09/2023 09:02

Technology One (TNE) $15.87

Occasionally, a chart pattern looks so good that we stand up and take note, even if we think the company is overvalued for the type of earnings profile it has.  In the case of TNE, we do like the business, just question the more subjective measure of valuation.  The stock caught our attention yesterday, closing up +4%, making it the second best-performing stock on the ASX200.

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17/08/2023 09:13

Technology One (TNE) $14.79

TNE has been on our radar for a few months as it pulls back from its early June high, demand for their enterprise software solutions has remained very strong, and much like our thesis to own Microsoft, TNE is a major beneficiary of the growing digital transition as companies/Governments upgrade legacy IT footprints – TNE’s next scheduled report is in November.

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