Oct 09th 2013 - Edison Investment Research today published a report on Blur (Group) (BLUR.L, LSE:BLUR, LON:BLUR) entitled "Accelerating Momentum". In summary, the report says:
The business is building momentum and customers are showing increasing acceptance of the platform through repeated use for larger projects. The value of projects submitted was significantly ahead of our estimate – up 84% sequentially and 5x last year’s level. While average project values may be lumpy at this stage, if this momentum can be maintained there is upside potential to revenue estimates.
Edison Investment Research is a leading international investment research company. It has won industry recognition, with awards both in the UK and internationally. The team of 95 includes over 60 analysts supported by a department of supervisory analysts, editors and assistants. Edison writes on more than 400 companies across every sector and works directly with corporates, fund managers, investment banks, brokers and other advisers. Edison’s research is read by institutional investors, alternative funds and wealth managers in more than 100 countries. Edison, founded in 2003, has offices in London, New York and Sydney and is authorised and regulated by the Financial Services Authority (www.fsa.gov.uk/register/firmBasicDetails.do?sid=181584). more »