German cybersecurity firm Cyan H1 revenue rises, confirms FY outlook
German cybersecurity firm Cyan H1 revenue rises, confirms FY outlook
Overview
Germany cybersecurity firm's H1 revenue rose 11% yr/yr to EUR 4.9 mln
EBITDA positive at EUR 0.2 mln despite investments in growth
Company confirms full-year guidance
Outlook
Cyan confirms 2026 revenue guidance of EUR 10.2 mln to EUR 11.5 mln
Company expects 2026 EBITDA to remain positive but below 2025 level due to investments
Cyan says investments in product and market development to support future growth
Result Drivers
RECURRING REVENUE - High proportion of recurring revenue (96%) provided a reliable, predictable base and improved planning certainty
INTERNATIONAL EXPANSION - Company expanded international presence and partnerships, including T-Mobile Poland and ONATi/Vini in French Polynesia
NEW SALES CHANNELS - Additional sales channels for cyan Guard 360 created through CANCOM and FileWave
Company press release: ID:nEQc8HCM3a
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 EBITDA |
| EUR 200,000 |
|
Analyst Coverage
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the software peer group is "buy"
Wall Street's median 12-month price target for Cyan AG is €4.35, about 111.2% above its September 23 closing price of €2.06
The stock recently traded at 74 times the next 12-month earnings vs. a P/E of 250 three months ago
Reuters Recommended Reads
Sept 23 - Germany to upgrade military data encryption for up to €1.7 billion
Sept 21 - Poor data sharing undermining EU cyber defences, auditors say
Sept 23 - German and Dutch strategic innovation agencies to collaborate on AI chip design
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)