Techtarget - TTGT STOCK NEWS

OpenVPN and TechTarget's Enterprise Strategy Group (ESG) have released a new research study titled "Secure Access Technology Trends" focusing on small and mid-sized businesses' remote access security strategies.

Key findings reveal that 71% of surveyed businesses use VPN solutions, contradicting claims that "VPN is dead." The study, which surveyed 200 cybersecurity and IT professionals from companies with 20-500 employees, found that:

• US respondents were 2.2x more likely to be very familiar with Zero Trust architectures compared to Australia or UK
• Organizations were 61% more likely to use VPNs over other solutions for secure internet access
• Nearly two-thirds of non-VPN users plan to adopt VPN solutions within 24 months
• US companies reported 72% higher improvement in security after adopting Zero Trust initiatives

The research emphasizes that VPNs remain crucial for business security, alongside Zero Trust Network Access (ZTNA) technologies.

Tandem RGB OLED penetration in tablet and notebook panel markets is experiencing significant growth, jumping to over 30% in 2024, primarily driven by Apple's OLED iPad Pro models. Omdia's research predicts this share will reach 36% by 2026, coinciding with Apple's anticipated OLED MacBook Pro launch.

Tandem OLEDs, featuring double-stacked RGB emission layers, offer up to twice the brightness and four times the lifespan compared to traditional displays. However, these benefits come with challenges, including potential image quality degradation, increased crosstalk susceptibility, and 50-75% higher manufacturing costs.

The market outlook shows tandem OLED unit shipments growing at a 25% CAGR from 2024 to 2030, while single-layer OLED panels are expected to grow at 29% CAGR, targeting cost-conscious consumers seeking LCD alternatives.

TechTarget (TTGT) has received a notification from Nasdaq on April 17, 2025, indicating non-compliance with Nasdaq Listing Rule 5250(c)(1) due to delayed filing of its 2024 Form 10-K annual report. The notification does not immediately affect the company's listing status on the Nasdaq Global Select Market.

The company has 60 calendar days to submit a compliance plan to Nasdaq. If accepted, Nasdaq may grant up to 180 calendar days (until October 13, 2025) to file the Form 10-K. TechTarget expects to file the report around April 29, 2025, which would restore compliance with the listing rule.

Informa TechTarget (NASDAQ: TTGT) has reconfirmed its 2024 revenue expectations, projecting reported revenues of $285m-$295m and pro forma revenues of $490m-$500m. The company reported flat underlying revenue performance for 2024, citing subdued market conditions due to geopolitical tensions and economic uncertainty.

The company's financial position shows approximately $354m in cash and equivalents, with $416m in outstanding Convertible Senior Notes. Nearly all 2025 and 2026 Convertible Notes were tendered for repurchase, simplifying the capital structure.

For 2025, designated as 'The Foundation Year,' the company expects flat revenue but increased adjusted EBITDA, supported by combination synergies. The first half of 2025 is projected to see a low to mid-single digit revenue decline, with improvement expected in the second half. The company is currently exceeding its Year 1 operating cost synergy target of $5m and expects to meet or exceed the $45m overall run rate synergies by Year 3.

Omdia's new report on Copper Switch-off Regulations and Policies reveals significant progress in global copper network retirement plans. Estonia, Sweden, Qatar, and UAE have shown notable advancement, with Middle Eastern countries transitioning over 85% of customers to fiber. Singapore achieved complete copper network shutdown in 2018, while Latin America faces ongoing challenges due to regulatory and investment barriers.

The report identifies two main regulatory policy approaches: 'push' model, where countries proactively design policies to replace copper networks (examples: Australia and Saudi Arabia), and 'pull' model, which incentivizes fiber uptake (examples: Sweden and Egypt). Key policy focus areas include promoting infrastructure competition, adjusting wholesale regulation, and ensuring consumer protection.

The report emphasizes the critical importance of end-user awareness, requiring telcos to issue formal notifications about timeframes, replacement products, and pricing terms. Regulators like Ofcom are gradually shifting from copper to fiber network obligations, creating conditions for successful copper network retirement.

OLED TV shipments demonstrated strong growth with a 19.2% year-on-year increase in February 2025, following a milestone of over 2 million units shipped in Q4 2024. While OLED maintains dominance in Europe, representing 23% of TV revenue despite only 8% volume share, Mini LED technology is emerging as a significant competitor.

Mini LED reached 3 million shipment units in Q4 2024, surpassing OLED's 2 million units for the first time. This growth is particularly driven by China's incentive schemes for energy-efficient technology. LCD shipments, meanwhile, declined by 2.4% in February.

The European market, where premium TVs account for 14% of shipments above $1,000, faces potential disruption as Chinese vendors like Hisense and TCL promote Mini LED technology. While Mini LED offers advantages in brightness, contrast, and manufacturing costs, OLED manufacturers face challenges in consumer education and maintaining brand value in the premium segment.

Display panel manufacturers are expected to reduce fab utilization rates in Q2 2025, following high utilization above 80% in Q1 2025. The decline is attributed to uncertainty over new U.S. tariffs on display products and reduced orders from brands and OEMs.

Omdia forecasts utilization to drop below 80% in April 2025 and further to 76% in May 2025. This follows strong Q4 2024 performance with 81-83% utilization, partly driven by China's 'swap old for new' subsidy program boosting LCD TV panel demand.

Chinese TV manufacturers had accelerated U.S. shipments to mitigate tariff risks, particularly for 75-inch and larger LCD TV panels. However, concerns over potential April tariffs have led PC and TV manufacturers to reduce panel inventory purchases for Q2 2025. Some Chinese TFT LCD makers plan extended May Labor Day breaks, potentially pushing utilization down to 75%.

Nintendo Switch 2 is forecasted by Omdia to sell 14.7 million units globally in 2025 following its June 5 launch date, surpassing its predecessor's first-year sales by 10%. The strong forecast is supported by an active user base of 105 million Switch consoles at the end of 2024.

The launch will be backed by Mario Kart World, an exclusive title showing significant improvements over Mario Kart 8, which has been purchased by nearly 50% of Switch owners. Despite the strong start, Omdia predicts lower sales by year 4 compared to the original Switch, which benefited from COVID lockdowns.

Nintendo is expected to maintain 85% market share in handheld gaming sales volumes in 2025, despite competition from Steam Deck and PlayStation Portal. However, the company faces challenges in demonstrating the value proposition of Switch 2, given the extensive library of over 100 first-party titles available on the original Switch.

Global cinema revenue is forecasted to reach $34 billion in 2025, remaining at 80% of pre-pandemic levels compared to $42 billion in 2019, according to Omdia research.

The industry faces challenges with audience behavior, as only 44% of YouTube users in the USA attend cinemas, with similar patterns in Spain and 45% in the UK. However, successful case studies show YouTubers significantly impacting cinema attendance, such as Inoxtag's documentary selling out 400 French cinemas and Alec Hernandez drawing large audiences in Madrid.

YouTube's reach is substantial, with 221 million monthly active users in the USA, 45 million in the UK, and 32 million in Spain. The upcoming 'A Minecraft Movie' (April 5, 2025) demonstrates the growing synergy between digital creators and cinema, featuring Minecraft YouTubers and honoring Technoblade's legacy.