Australia's Senetas climbs on large order for ethernet encryptors

Senetas

15/09/2020 01:51

** Senetas Corp Ltd  SEN.AX  rises as much as 17.2% to
A$0.068, hitting its highest since Aug. 24
    ** The data encryption hardware maker says it secured the
single largest order for its ultra-high speed 100 GBPS ethernet
encryptors, the CN900 series, via a global distributor
 urn:newsml:reuters.com:*:nFWN2GB0V7
    ** Says gross value from order to Thales, the distributor,
is about $2 mln, with net revenue effect to co being a smaller
amount
    ** SEN says the encryptors will be used to secure the data
in transit of a Middle Eastern government agency
    ** Stock posts its biggest intraday pct gain in a week
    ** Stock down 14.7% this year, as of last close

 (Reporting by Rashmi Ashok in Bengaluru)
 ((Rashmi.Ashok@thomsonreuters.com; +918061822604;))