Mitek Named in Gartner® Market Guide for User Authentication in 2023

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Mitek has been featured in the 2023 Gartner ($NYSE:IT)® Market Guide for User Authentication, a comprehensive overview of the user authentication market. This highlights Mitek’s technology as a leader in digital identity verification and authentication solutions. Gartner is a global research and advisory firm that provides insights, advice and tools for business and IT leaders to help them make the right decisions. With expertise in technology, marketing, finance and operations, Gartner helps business leaders navigate change and maximize their efforts to drive growth and profitability. The Gartner Market Guide for User Authentication recognises Mitek for its innovative approach to providing an easy and secure way to verify customers’ identities quickly and reliably.

Its technology enables companies to reduce fraud and mitigate risk while still providing a great customer experience. Mitek’s solutions are used by organisations across industries to ensure customer trust and build loyalty. This recognition from Gartner reinforces the importance of Mitek’s technology in the user authentication market.

Stock Price

On Thursday, GARTNER stock opened at $332.6 and closed at $337.6, representing a 1.7% increase from its previous closing price of $331.9. The Guide provides a comprehensive listing of solutions from vendors around the world that offer user authentication solutions. Furthermore, the Guide also offers insights and best practices for selecting the right solution for organizations’ requirements. With Mitek’s inclusion in the guide, it is clear that Gartner sees the company as an important player in the user authentication market. Live Quote…

About the Company

Income Snapshot

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Analysis

At GoodWhale, we analyzed GARTNER’s fundamentals and found that the company is strong in terms of growth and profitability, but weak in asset and dividend when assessed with our Star Chart. We concluded that GARTNER is a ‘gorilla’ – a type of company that has achieved stable and high revenue or earning growth due to its strong competitive advantage. This type of company is likely to be attractive to investors looking for secure and productive investments. GARTNER has a high health score of 8/10 with regard to its cashflows and debt, indicating that it is capable of sustaining future operations in times of crisis. Therefore, investors who are looking for a stable and long-term investment should consider GARTNER. More…

Peers

The competition among Gartner Inc, Shenzhen Farben Information Technology Co Ltd, Beijing Philisense Technology Co Ltd, and Beijing E-techstar Co Ltd is heating up as the global market for information technology research and advisory services continues to grow. These companies are all leaders in the industry, with Gartner Inc having the largest market share.

However, its competitors are not far behind and are constantly innovating to catch up. The competition between these companies is beneficial for the industry as a whole, as it drives innovation and growth.

– Shenzhen Farben Information Technology Co Ltd ($SZSE:300925)

Shenzhen Farben Information Technology Co Ltd is a leading provider of information technology services in China. The company has a market cap of 4.66B as of 2022 and a return on equity of 7.31%. Shenzhen Farben Information Technology Co Ltd offers a wide range of services, including software development, website design and development, e-commerce, and data mining. The company has a strong focus on the Chinese market and has a strong customer base.

– Beijing Philisense Technology Co Ltd ($SZSE:300287)

Beijing Philisense Technology Co Ltd is a Beijing-based company that specializes in the production of sensors and other related technology. The company has a market cap of 5.41B as of 2022 and a Return on Equity of -12.14%. Despite its negative ROE, the company’s market cap indicates that it is a large and successful operation. Beijing Philisense Technology Co Ltd’s sensors are used in a variety of industries, including automotive, aerospace, and medical. The company’s products are known for their accuracy and reliability.

– Beijing E-techstar Co Ltd ($SZSE:300513)

Beijing E-techstar Co Ltd is a Chinese holding company. The company operates through its subsidiaries in the areas of real estate development, construction, and management; property investment; hotel operation; and provision of information technology services. As of 2022, the company had a market capitalization of 3.58 billion US dollars and a return on equity of -3.95%.

Summary

Gartner recently published a Market Guide for User Authentication that highlights Mitek as a company offering comprehensive authentication solutions. According to the Guide, Mitek’s authentication platform enables organizations to securely identify users and protect against potential fraud. The Guide provides an in-depth analysis of the authentication market, including the types of technologies used, user experience considerations, and the ability to integrate authentication solutions with other applications.

Additionally, it explains how organizations can use authentication to improve fraud prevention and achieve regulatory compliance. The Guide also identifies key trends in the authentication space that will influence investments and strategies. It makes an important contribution to the industry by providing a clear roadmap for investing in user authentication solutions.