WANdisco (WAND)

Sector:

IT Services

Index:

FTSE AIM 100

604.00p
   
  • Change Today:
      2.00p
  • 52 Week High: 820.00p
  • 52 Week Low: 338.00p
  • Currency: UK Pounds
  • Shares Issued: 51.34m
  • Volume: 2,924
  • Market Cap: £310.11m

Wandisco wins reseller agreement with mystery systems integrator

By Iain Gilbert

Date: Tuesday 02 Jun 2020

LONDON (ShareCast) - (Sharecast News) - Machine learning company Wandisco said it had agreed a reseller agreement with an unnamed large global systems integrator in the digital services and consulting market.
Wandisco said on Tuesday that its mystery customer would have access to its full suite of solutions and use these to build its own data migration practice for moving data at scale into the public cloud.

The AIM-listed group added that the agreement was "significant" for the company and said a pipeline of opportunities was "immediately being explored" following successful deployment in a large-scale customer environment.

Wandisco also pointed to material upside once its client's data migration practice can be completed.

Chief executive David Richards said: "Today's announcement marks the company's first agreement with a global systems integrator and our business momentum continues to be encouraging as we see additional growth opportunities working with them in the near-term.

"There is a growing need for data consistency and data availability across the business world, and Wandisco's ability to facilitate petabyte-scale cloud migration without business interruption is becoming a key factor for large organisations and their systems integrator partners as they accelerate their journey to the cloud."

As of 0910 BST, Wandisco shares had surged 15.85% to 799.39p.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

WANdisco Market Data

Currency UK Pounds
Share Price 604.00p
Change Today 2.00p
% Change 0.33 %
52 Week High 820.00p
52 Week Low 338.00p
Volume 2,924
Shares Issued 51.34m
Market Cap £310.11m

WANdisco Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
35.54% below the market average35.54% below the market average35.54% below the market average35.54% below the market average35.54% below the market average
58.33% below the sector average58.33% below the sector average58.33% below the sector average58.33% below the sector average58.33% below the sector average
Price Trend
45.77% above the market average45.77% above the market average45.77% above the market average45.77% above the market average45.77% above the market average
49.51% above the sector average49.51% above the sector average49.51% above the sector average49.51% above the sector average49.51% above the sector average
Income Not Available
Growth
24.04% below the market average24.04% below the market average24.04% below the market average24.04% below the market average24.04% below the market average
44.09% below the sector average44.09% below the sector average44.09% below the sector average44.09% below the sector average44.09% below the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

WANdisco Dividends

No dividends found

Trades for 13-Jul-2020

Time Volume / Share Price
08:14 1,500 @ 604.00p
08:14 1,135 @ 606.00p
08:05 193 @ 613.20p
08:02 96 @ 613.20p

WANdisco Key Personnel

CFO Erik Edwin Miller

Top of Page