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Wednesday’s news represents “a further step in the right direction,” according to Morgan Stanley analysts led by George Webb. At a price of 15.64 euros, it remains well below the IPO price of 26.25 euros. After more than doubling in the months that followed as the pandemic led to a surge in remote-working equipment, the stock sank 73% last year as people adapted to living with the virus. TeamViewer has had a rollercoaster ride since its initial public offering in September 2019. The shares rose as much as 18%, climbing to the highest since early October. It also said it will start a 300 million-euro ($339 million) buyback program.
#Teamviewer stock crash software#
That is NOT the definition of "perpetual." Now, TeamViewer is trying to offer me 50% off the regular subscription price "for life", but at this point I no longer trust TeamViewer as a company and will be looking for a replacement product once my "perpetual" license stops working.(Bloomberg) - The news is getting better for TeamViewer AG.Īfter a rough 2021 when its shares sunk on concern over the impact of economic reopening, the German supplier of remote working software on Wednesday gave investors some reasons for cheer.Īnnouncing full-year results, TeamViewer provided guidance for 2022 ahead of analysts’ estimates. Ultimately, they "appeased" us by allowing our "perpetual" licenses to continue until 10 years from purchase date, at which time it will stop working. TeamViewer's response initially was canned quotes and lots of BS. At the time of this announcement, there was a large outcry from TeamViewer customers. I will no longer be able to connect to my customers remotely via the internet. Without "Server" services the product only works on the local LAN which is pointless. Then TeamViewer changed their pricing structure to a subscription based system and said they would be discontinuing "Server" services for my version of TeamViewer. I spent thousands of dollars on a "perpetual" license of TeamViewer 10 and was led to believe that it would work in perpetuity. However, as a company they are not to be trusted. In my experience, their customer service is average, but their technical support is pretty good. Technically, TeamViewer Remote Control is an excellent product with a superb feature set.
#Teamviewer stock crash mac#

without having to initiate remote control.

#Teamviewer stock crash professional#
