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CY4Gate SpA ( (IT:CY4) ) just unveiled an update.
CY4Gate has secured a three-year contract worth about €5.6 million with a major Italian corporate client to supply advanced anti-fraud cyber security solutions based on its XTN Cognitive Security platform, which uses cloud-based machine learning, behavioural biometrics and behavioural analysis to combat digital fraud and telephone impersonation. As the second tranche of an ongoing project, the deal underscores rising demand for sophisticated fraud-prevention tools across banking and adjacent sectors such as telecommunications, automotive, gambling and energy, reinforcing CY4Gate’s and XTN’s positioning as reference partners and international leaders in financial fraud protection and consolidating the group’s competitive edge in the increasingly digital cyber security market.
The most recent analyst rating on (IT:CY4) stock is a Buy with a EUR9.10 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, Rome-based CY4Gate S.p.A., part of ELT Group and listed on Euronext Milan’s STAR segment, operates across the cyber intelligence and cyber security market, developing proprietary technologies, products and services for law enforcement, armed forces, institutions and corporate clients in Italy and abroad. Its portfolio spans decision intelligence (Quipo) and cyber security solutions (RTA, Diateam and XTN Cognitive Security) aimed at advanced information collection, analysis and protection needs.
Average Trading Volume: 103,205
Technical Sentiment Signal: Buy
Current Market Cap: €194.7M
For an in-depth examination of CY4 stock, go to TipRanks’ Overview page.