Comodo16 Jun 2018 17:35
andrbea16 Jun '18 - 16:23 -
Reminder about the importance of DA toComodo
With more than 85 million desktop security software installations,
700,000 business customers and 8,000 global partners and affiliates,
Comodo is building a new IoT security services platform ("the Platform")
which will be powered by Device Authority's KeyScaler technology.””
Sweepie2 (23.5.18): We are planning to launch IoT Security on 26th June for KeyScaler integration.
Take that client base at Comodo
Assume, each business buys 3 new EV certificates per year
Imagine that DA negotiates a revenue cut of 3% for making that PKI platform secure (3% of annual revenue)
So DA gets:
199 ($ per year/certificate) x 700000 x 3 x 0.03 = $12.5m in annual revenue
so mkt cap of DA on a P/E of 30 (from 1 client Comodo in a full year) = $376m
42% for tern's (small) shareholders = a tern mkt cap of $157m (£114m).