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CY4Gate SpA ( (IT:CY4) ) has shared an update.
CY4Gate S.p.A. has denied allegations from the newspaper ‘Domani’ and platform ‘Follow the Money’ regarding receiving EU subsidies for spyware development, clarifying that the €3.8 million received from the EU between 2020 and 2024 was solely for cyber security research and development. The company emphasizes its commitment to transparency with stakeholders, aiming to maintain its reputation in the cyber security industry.
The most recent analyst rating on (IT:CY4) stock is a Buy with a EUR6.30 price target. To see the full list of analyst forecasts on CY4Gate SpA stock, see the IT:CY4 Stock Forecast page.
More about CY4Gate SpA
Founded in 2014, CY4Gate S.p.A. is a prominent player in the cyber security and cyber intelligence industry, focusing on designing and producing technologies and services for law enforcement, armed forces, institutions, and companies. Listed on Euronext Growth Milan since 2020 and on the Euronext Milan Star segment since 2023, it offers products like Quipo and Amico for cyber intelligence and RTA, Diateam, CTI, and Pronto Cyber for cyber security.
Average Trading Volume: 38,358
Technical Sentiment Signal: Hold
Current Market Cap: €127.8M
See more data about CY4 stock on TipRanks’ Stock Analysis page.