Overview
What is AvePoint?
Recent News
Company Profile
Chart
Main Quesitons to Watch
In the short run
How price digests breakout and is handled around breakout pivot
Any new analyst coverage reports with increased/decreased price targets
In the long run
How the new technology will increase sales and ARR
What other developments do they have planned or in pipeline
What is AvePoint $AVPT?
AvePoint provides the most advanced platform to optimize SaaS operations and secure collaboration. Over 17,000 customers worldwide rely on our solutions to modernize the digital workplace across Microsoft, Google, Salesforce and other collaboration environments.
AvePoint's global channel partner program includes over 3,500 managed service providers, value added resellers and systems integrators, with our solutions available in more than 100 cloud marketplaces.
Founded in 2001, AvePoint secures your collaboration data, sustains the connections between your people, and ensures your business continuity. Over 17,000 customers worldwide rely on the AvePoint Confidence Platform, the most advanced platform for SaaS and data management, to optimize their SaaS operations and secure collaboration in the digital workplace. AvePoint's global channel partner program includes over 3,500 managed service providers, value added resellers and systems integrators, with our solutions available in more than 100 cloud marketplaces.
Recent News of New Product
AvePoint Launches AvePoint Opus, AI Powered Information Lifecycle Management Solution
10/10/2023
Next generation solution enables customers to better manage information, reduce costs and improve efficiencies
JERSEY CITY, N.J., Oct. 10, 2023 (GLOBE NEWSWIRE) -- AvePoint (Nasdaq: AVPT), the most advanced platform to optimize SaaS operations and secure collaboration, today announced the launch of AvePoint Opus, its AI-powered information lifecycle management solution, at #shifthappens Conference 2023. As part of the AvePoint Confidence Platform’s Resilience Suite, AvePoint Opus is a comprehensive solution that enables organizations to discover, classify, protect and manage their data across Microsoft 365 accurately and at scale.
AvePoint Opus is a robust information lifecycle management solution that ensures organizations can manage all stages of the data lifecycle and represents the next generation of AvePoint’s Resilience solutions. A key component of AvePoint Opus is AvePoint Maestro, which uses AI models powered by Azure Machine Learning to analyze content and metadata and assign appropriate policies to documents.
With AvePoint Opus, organizations can now achieve the following:
Manage Information and Ensure Compliance: Automatic data classification, powered by AI, helps reduce the risks associated with information over-retention or accidental data deletion to meet compliance standards.
Optimize Cloud Storage: Specific rules ensure organizations meet retention and disposal requirements to reduce excess cloud storage costs, so that organizations maintain greater control over their budgets.
Streamline Processes: Automatic records management removes time intensive work, allowing organizations to focus on higher value projects and speeding time-to-value for organizations seeking data-driven insights.
“Organizations today are excited about the power of AI and machine learning to transform business, but to truly unlock this technology, they need a comprehensive data strategy that will accurately analyze, govern and classify their data,” said Dr. Tianyi Jiang (TJ), Co-founder and CEO, AvePoint. “AvePoint Opus provides a solution that is automated and capable of learning over time, allowing organizations to manage the troves of data they produce today to build that data foundation, maintain compliance and reduce storage costs.”
AvePoint Opus uses an AI model that rapidly identifies and classifies content in weeks, as opposed to years if done manually. The Australian Transport Safety Bureau, for example, has already benefitted from this efficiency.
“AvePoint has always had a modern information management solution, which allows the Australian Transport Safety Bureau team to seamlessly integrate recordkeeping and compliance as part of their responsibilities,” said Angelo Santosuosso, IT, Property & Security at the Australian Transport Safety Bureau. “New capabilities within AvePoint Opus will enhance our organization and we look forward to continuing to work together.”
In addition, by integrating more AI capabilities, AvePoint’s channel partner ecosystem will be equipped with smarter, more automated tools to manage and protect their clients’ data and collaboration environments.
“With the rapid growth of cloud data, our customers are experiencing a host of information management challenges,” said Jacqueline Stockwell, CEO and Founder, Leadership through Data Limited. “AvePoint Opus and its industry leading AI-powered data classification capabilities helps us empower our customers to better manage their information, minimize cloud storage costs, improve efficiencies and truly thrive in the digital workplace.”
AvePoint has a track record of innovation spanning more than 20 years, aimed at providing solutions that democratize insights and provide recommendations and comprehensive protection for customers and partners. Built upon a robust data management strategy, AvePoint Opus is one of many AI-powered solutions the company plans to introduce.
Company Profile
As you can see, the company already has decent growth and recurring revenue. With over 17,000 customers and in 100 countries, the foundation for growth appears to be built.
I like the wide variety of customers with some big recognizable names on the list.
I have been a fan of the cloud for a long time, and the addressable market is expected to grow at a 21% compounded average growth rate. That is a major tailwind for any cloud company.
Above you will see some second quarter business highlights. Respectable growth rates across the board.
I also really like the constant and consistent growth of annual recurring revenue for the past three years. If the new product launch could accelerate this trend, it could be a major tailwind for price
I will be watching their next earnings release to see if they make any adjustments to their forecasts and are able to beat current expectations on the back of the new product release.
Chart
On the daily chart you can easily see the high volume breakout on the back of the recent news. I want to see if the breakout pivot hold and we can a chance to pick up shares on a retest
The weekly chart also looks very constructive. A nice cup n handle pattern has formed with a breakout over the handle. Can this work its way back to new highs?
Conl:
There are a lot of questions to be answered with this name, but I like the technical and fundamental factors along with the new AI powered news release.
—NS