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SENASTE
Tempest Security will publish its Q3 results on 24 November. While revenue growth will be below historical levels due to the pandemic, we expect earnings to remain resilient. Furthermore, we see encouraging signs that the strategic shift and broadening of the portfolio towards more advanced security solutions is starting to yield results. We have made slightly positive earnings estimate revisions and derive a new mid-point DCF value of SEK 55 (54) per share.
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