19.07.2018
cyan AG DE000A2E4SV8
DGAP-News: cyan AG: MAINFIRST analysts confirm 'outperform' recommendation and raise price target to 44 Euro
DGAP-News: cyan AG / Key word(s): Research Update
cyan AG: MAINFIRST analysts confirm 'outperform' recommendation and raise
price target to 44 Euro
19.07.2018 / 15:18
The issuer is solely responsible for the content of this announcement.
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cyan AG: MAINFIRST analysts confirm "outperform" recommendation and raise
price target to 44 Euro
Munich / 19 July 2018: The equity analysts of MAINFIRST confirm their
"outperform" recommendation for the share of cyan AG. Their current research
update raises the price target from 40 euros to 44 euros. Compared with the
current share price of Euro 24.90, the share price potential is around 75 %.
The analysts essentially justify their recommendation with the acquisition
of I-New by cyan. This acquisition makes cyan a leading one-stop-shop for
MVNOs worldwide. The transaction price seems very attractive to the analysts
and in particular the additional manpower, of which the vast majority
software engineers, should clearly speed up the strategic development of the
company.
Due to the acquisition, MAINFIRST raises its forecasts and thus takes into
account the consolidation of I-New. According to MAINFIRST, the new
estimates are at the lower end of cyan's guidance. MAINFIRST expects sales
of more than 14 million euros in 2018 and more than 35 million euros in
2019, with an EBITDA of more than 7 million euros in 2018 and more than 20
million euros the following year. The long-term strategic positioning is now
also assessed even more positively.
About cyan AG
cyan is a leading European provider of intelligent, white labeled IT
security solutions with more than 25 years of experience in the area of IT
security. cyan's holding company is based in Munich, Germany. The main
business areas of the company are mobile security solutions for the end
customers of mobile network operators and fixed line internet service
providers (MNO, ISP), mobile virtual network operators (MVNO), the insurance
and financial services sector and government institutions. cyan's solutions
can easily be integrated into the existing infrastructure of business
partners and introduced to the market via a revenue share model. In
addition, data protection is assured through full integration into the
customer's own network environment.
cyan operates its own research and development center and maintains close
links to universities, international research institutes, security,
financial and social organizations. This close collaboration ensures the
early recognition of trends and technical developments for integration into
cyan's products.
Further information is available at www.cyansecurity.com
Press Contact
Frank Ostermair, Better Orange IR & HV AG
Tel. +49 89 88 96 906 14, [email protected]
Investor Contact
cyan AG
Michael Sieghart, CFO
[email protected]
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19.07.2018 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: cyan AG
Friedrich-Herschel-Strasse 5
80679 Munich
Germany
Internet: www.cyansecurity.com
ISIN: DE000A2E4SV8
WKN: A2E4SV
Listed: Regulated Unofficial Market in Berlin, Dusseldorf,
Frankfurt (Scale), Stuttgart, Tradegate Exchange
End of News DGAP News Service
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