Shearwater ( (GB:SWG) ) has shared an update.
Shearwater Group plc has announced a significant contract renewal worth approximately £8.4 million with a major telecommunications and media company, extending their partnership for an additional two years. This extension underscores Shearwater’s role as a trusted provider of cybersecurity and monitoring solutions, expected to contribute to substantial growth in revenue and Adjusted EBITDA for FY25, aligning with market expectations and reinforcing its industry standing.
More about Shearwater
Shearwater Group plc is a UK-headquartered company providing cybersecurity, managed security, and professional advisory solutions. It offers a comprehensive range of services, including identity and access management, data security, cybersecurity solutions, and security governance, risk, and compliance. The company aims to create a safer online environment for organizations and their end users, with a growth strategy focused on a buy and build approach to cater to the full spectrum of cybersecurity needs. Shearwater is listed on the London Stock Exchange’s AIM under the ticker ‘SWG’.
YTD Price Performance: -16.00%
Average Trading Volume: 37,580
Technical Sentiment Signal: Strong Buy
Current Market Cap: £7.62M
For detailed information about SWG stock, go to TipRanks’ Stock Analysis page.