The software manufacturer’s price has hardly recovered since last year’s slump.
(Photo: dpa)
Düsseldorf Teamviewer experienced a rarely seen crash on the stock market. When the MDax group lowered its forecast twice last year, the share lost more than 50 percent of its value within a few days. Investors’ distrust has been great ever since, and the price has hardly recovered. Adding to this is the growing skepticism about tech companies.
Now the company is hoping for a comeback. An upward trend has been evident since the beginning of October; after the publication of surprisingly positive quarterly figures a few days ago, the price even rose by around 16 percent. With the report, the software manufacturer is likely to “win back more trust in the capital market,” noted Armin Kremser, an analyst at DZ-Bank.
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