We have also struck at Teamviewer. The software company from Göppingen is hardly directly affected by the tariffs, but is nevertheless being punished on the stock market.
In a multiple comparison with other software groups, we believe that TeamViewer is fundamentally undervalued. We have therefore increased our position in the company and taken advantage of the current correction.
TeamViewer is the global market leader for remote desktop applications. However, contrary to what US analysts regularly confuse, it is not a direct competitor of $MSFT (-2,36%) Teams or $ZM (-7,2%)
TeamViewer is used more for the remote control of machines or cash register systems. The share of sales generated by large corporations is also growing year on year.
What do you think of the purchase?