After a forecast cut, the share is almost at an all-time low.
(Photo: dpa)
Dusseldorf It is a sell-out, as you normally see it in bankruptcy candidates. Within a few days, Teamviewer has lost more than 50 percent of its value on the stock exchange. In the meantime, the price has stabilized, but at a good 14 euros it is only just above the lowest level since the IPO in September 2019.
The software manufacturer is not in acute economic difficulties, sales and profits continue to grow. However, the MDax group has once again disappointed with its quarterly figures – and it has to admit that the difficulties of the past few months are not a temporary phenomenon. In other words: the stock market story is no longer consistent.
This combination leads to a massive loss of trust. The management is now issuing a significantly lower forecast, which should contain a certain margin of error. However, several analysts question their resilience. “We expect evidence that these cuts are sufficient,” writes George Webb, an analyst at Morgan Stanley.
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