Needham analyst Ryan Koontz has maintained their bullish stance on KLTR stock, giving a Buy rating today.
Ryan Koontz has given his Buy rating due to a combination of factors, highlighting Kaltura’s recent financial performance and strategic advancements. Kaltura reported fourth-quarter results that surpassed the upper end of their revenue and EBITDA projections, showcasing a firm grip on operational efficiency. The company’s subscription revenue exhibited steady growth, and despite a slight dip in net dollar retention, Kaltura managed to deliver positive free cash flow for the second time in twelve quarters. This achievement is especially notable given the broader industry challenges that have more significantly impacted Kaltura’s peers.
Moreover, Koontz appreciates Kaltura’s continued commitment to innovation, particularly the introduction of new AI features, which he believes adds substantial value to their offerings. Although he recognizes the slower growth total addressable market and the challenges faced by smaller companies in building effective sales channels, Koontz sees a strong upside potential. The value proposition of Kaltura’s product and technology stack is considered to be highly compatible with the needs of larger enterprise vendors and event operators. This synergy, along with disciplined operational expenditures, underpins the maintenance of the Buy rating and the $5 price target for Kaltura’s stock.
According to TipRanks, Koontz is an analyst with an average return of -8.7% and a 36.88% success rate. Koontz covers the Technology sector, focusing on stocks such as Harmonic, Clearfield, and Lantronix.
In another report released today, JMP Securities also maintained a Buy rating on the stock with a $4.00 price target.
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Kaltura (KLTR) Company Description:
Kaltura Inc provides live and on-demand video SaaS solutions to thousands of organizations around the world, engaging hundreds of millions of viewers at home, at work, and at school. It also offers specialized industry solutions, including Learning Management System Video, Lecture Capture, and Virtual Classroom for educational institutions, as well as a TV Solution for media and telecom companies.
Read More on KLTR:
- Kaltura Announces Financial Results for Fourth Quarter and Full Year 2023
- Kaltura sees 2024 revenue $173.7M-$176.7M, consensus $175.41M
- Kaltura sees Q1 revenue $42.7M-$43.5M, consensus $42.61M
- Kaltura reports Q4 adjusted EPS (3c), consensus (3c)
- Kaltura to Announce Financial Results for Fourth Quarter and Full Year 2023 on Thursday, February 22, 2024
