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CY4Gate SpA ( (IT:CY4) ) has provided an announcement.
CY4GATE Group concluded 2024 by securing contracts worth approximately €8.5 million, reflecting significant growth in order acquisitions and a solid backlog increase of 40% compared to 2023. Despite an overall revenue growth of 10% from 2023, the company faced challenges in the Forensic Intelligence segment due to geopolitical instability, leading to a revenue performance below expectations.
More about CY4Gate SpA
CY4GATE S.p.A. is a key player in the cyber security and cyber intelligence industry, focusing on providing solutions such as Cyber Digital Twin/Cyber Range and XTN Cognitive Platform. The company targets both national high-tech clients and foreign institutional clients, with a particular emphasis on expanding its presence in the European market.
YTD Price Performance: -10.88%
Average Trading Volume: 281
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €101.9M
For a thorough assessment of CY4 stock, go to TipRanks’ Stock Analysis page.
