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CD Equisearch
D-Link (Buy)
CMP: ₹139.30
Target: ₹171
Spurred by increased demand from the migration of infrastructure to the cloud as well as rising demand from compute-intensive workloads — such as AI, analytics and Internet of Things (IoT), both in enterprise and start up businesses, Indian public cloud services market is estimated to grow by 38 per cent to $1.81 billion in 2017, reckons Gartner Inc.
Team F1 Networks (Team F1) recently tied up with D-Link Corp to deliver mydlink business — a cloud-based device management platform for enhancing productivity of small and medium-sized businesses (SMB). Jointly developed by D-Link and Team F1 team (located in Hyderabad & Silicon Valley) over a period of two years, this platform addresses demand for secured network access and premises surveillance for global chain stores, regional system integrators (SI) and value added resellers (VAR) and telco/ISP based smart home, office and city offerings.
Strenuous rebound in business activity post an outlandish Q1, renewed digitalisation focus post demonetisation and recently forged alliances of Team F1 have justly burnished business prospects.
Key risks: Grasping fluctuations in foreign exchange market and unforeseen delays in government orders — be it for railways or defence or smart cities — could wreck demand momentum.
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