All research in Public Safety Technology — 1 reports.
A public-safety operating-system platform with 1.49 billion in ARR, 125% NRR, and a moat that is still widening; but at roughly 401 dollars it trades at 85x PE, prices in years of the future, leaves no margin of safety, and is worth buying only around 140 to 210 dollars. Rating Watch: a high-quality business at a high-quality price overshoot.
