Dicker Data Partners With National Narrowband To Sell Enterprise IoT Solutions And DL Data Platform

Dicker Data Partners With National Narrowband To Sell Enterprise IoT Solutions And DL Data Platform

Dicker Data Limited (ASX: DDR) is a hardware distributor company domiciled in New South Wales, Australia. Its sales and presales teams focus on fulfilling their client needs by using their in-depth knowledge. Its vendors include ASUS, Hewlett?Packard, Cisco, Microsoft, Lenovo, Symantec, RSA, Toshiba, Samsung, and other major tier 1 global brands and it caters to over 5,000 value-added resellers. [optin-monster-shortcode id=”swikrbu1d9j9aq0o4cko”]

Today, the company has come up with a significant announcement. The company has signed a partnership agreement with the National Narrowband Network Co (NNN). NNN is a technology company based in Sydney, Australia engaged in providing a scalable Internet of Things (IoT) network service and platform to its clients such as Metrix, SoftBank, CSIRO, Dantia, Landlease, and many others. Its platform helps the clients by providing enterprise-grade solutions.

The partnership agreement is aimed towards the expansion of the Enterprise IoT market in Australia through the distribution of NNN’s Enterprise IoT solutions including the globally-certified devices along with its award-winning N2N-DL Data Platform. Its LoRaWAN technology enables scalable enterprise-grade IoT solutions, whereas its N2N-DL Data Platform converts data from any device or network into a common structure.

Mr. David Dicker, who is the Chairman as well as the CEO of DDR stated that the company is very pleased and excited about the partnership with NNN as its packaged and ready-to-deploy solutions will help NNN to deliver insights that will create tangible business impact.

Mr. Rob Zagarella, the Founder and CEO of NNN commented that this partnership would help NNN to expand the Enterprise IoT opportunity in Australia further accelerating globally in key verticals such as Construction, Smart Buildings, Logistics, Cities, Utilities, and Multi-site Retail.

The company retained its current Dividend Policy of paying quarterly dividends and paid a dividend of 4.4 cents on 3 December 2018. The company is expected to pay a dividend of 18 cents per share in FY18 with an increase of 9.8% from FY17 of 16.40 cents per share.

As per its earnings guidance for FY18, it is expected to generate a revenue of $1.38 billion and a net profit before tax of $42.5 million for the group with a growth of 6% each. The group is split between Australia and NZ. The company lost its CISCO business in New Zealand late in 2017 and focussed on expanding the vendor alliances in FY18. The growth for the Australian market is maintained at over 10% which s is expected to be achieved through the organic growth and full-year contribution from its new vendors. Assuming a tax rate of 30%, after-tax profits are forecasted at $29.9 million.

Looking at Dicker Data Limited’s stock performance and the return it has posted over the last few months, the stock has generated a negative return of 6.56% over the past six months. It is currently trading at $2.830 (as on 22 January 2019, 3:40 AEST) with a plunge of 0.702% in the price during the day’s performance. The company has ~ 160.71 million shares outstanding with the market cap of circa $ 458.04 million. Its 52-week high and low are marked at $3.170 and $2.550 respectively. DDR has a P/E ratio of 15.360x and an annual dividend yield of 6.32%.


Disclaimer

This website is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold. We are neither licensed nor qualified to provide investment advice.

Checkout our Free Dividend Stocks Report

Specially made for income-hungry investors, Invest in growing Franked Dividends an opportunity that should not be missed.


6 Cannabis Stocks under Investor’s Limelight…

Cannabis companies that sell both medicinal weed and recreational pot. Marijuana stocks to look at. Marijuana mergers and acquisitions. Dispensary data analytics. Upcoming marijuana IPO’s Those phrases have become increasingly common as marijuana legalization spreads.

Global spending on legal cannabis is expected to grow 230% to $32 billion in 2020 as compared to $9.5 in 2017, according to Arcview Market Research and BDS Analytics. As of June 29, 2018 the United States Marijuana Index, despite a lot of uncertainty around regulations, has over the past 1 year gained 71.49%, as compared to about 12% gain seen by the S&P 500.

Click here for your FREE Report