** Germany's TeamViewer's stock is seen down 5.9% in early trade after the software developer posted annual results and outlook for the upcoming year, citing a cautious view on annual recurring revenue
** TeamViewer expects for 2026 a revenue growth between 0% and 3%, citing an exit annual recurring revenue (ARR) growth in 2025 and a rather cautious view on ARR 2026, given the volatile market environment
** "All-in-all this might be a touch better than feared. Still, it is hard to develop real growth fantasy with the cautious ARR view," a local trader writes
** TeamViewer falls to the bottom of Germany's midcaps index .MDAXI in early Frankfurt trade
(Reporting by Tristan Veyet)
((Tristan.veyet@thomsonreuters.com))