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Redeye updates its estimates ahead of the Q2 report following today’s announced 5G order. Redeye raises its estimates on revenue by 14%, EBITDA by 47%, and EBITDA-CAPEX by a full 71%. Redeye also views the order as a possible sign of the previously very cool 5G market to be heating up. Trading at 7x EBITDA-CAPEX for 2024e, Redeye continues to see an attractive valuation.
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