Movers and SHAKERS
Information Services (III)
COVID to Impact Rest of 2020; Maintaining Outperform but Lowering Price Target
ISG (Information Services Group) (Nasdaq: III) is a leading global technology research and advisory firm. A trusted business partner to more than 700 clients, including more than 70 of the top 100 enterprises in the world, ISG is committed to helping corporations, public sector organizations, and service and technology providers achieve operational excellence and faster growth. The firm specializes in digital transformation services, including automation, cloud and data analytics; sourcing advisory; managed governance and risk services; network carrier services; strategy and operations design; change management; market intelligence and technology research and analysis. Founded in 2006, and based in Stamford, Conn., ISG employs more than 1,300 digital-ready professionals operating in more than 20 countries—a global team known for its innovative thinking, market influence, deep industry and technology expertise, and world-class research and analytical capabilities based on the industry’s most comprehensive marketplace data. For more information, visit www.isg-one.com
Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
COVID to Impact Rest of 2020. The COVID pandemic is impacting ISG's business as clients are delaying or cancelling engagements, while ISG's own events have gone virtual. The Company is working to assist clients through these challenging times using the successful Great Recession playbook. The length of the business downturn is uncertain at this time.
Some Current and Possible Long-term Positives. ISG is seeing greater demand for certain services such as its rapid cost takeout, its vendor compliance and risk management, and asset monetization services. The business mix will benefit from a higher portion of higher margin services. Longer term, as businesses accelerate their digital transformation it could open greater opportunities for ISG....
This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.