TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Cybeats Technologies Corp. ( (TSE:CYBT) ) has provided an update.
Cybeats Technologies Corp. has expanded its contract with Emerson Electric Co., a leader in industrial automation, doubling the number of software assets managed through Cybeats. This expansion highlights Emerson’s commitment to enhancing cybersecurity and reflects the growing demand for Cybeats’ SBOM solutions, which are crucial for compliance and risk mitigation in the evolving regulatory landscape. The agreement underscores Cybeats’ ability to drive recurring revenue growth and sustain long-term value, as more companies recognize the importance of securing their software supply chains.
Spark’s Take on TSE:CYBT Stock
According to Spark, TipRanks’ AI Analyst, TSE:CYBT is a Neutral.
Cybeats Technologies Corp. faces significant financial challenges with persistent losses and a weak balance sheet, reflected in the low financial performance score. However, recent strategic contracts in healthcare and industrial control systems sectors provide positive market expansion signals, slightly improving the overall outlook. Technical indicators show bearish trends, and valuation metrics remain unfavorable due to continued losses.
To see Spark’s full report on TSE:CYBT stock, click here.
More about Cybeats Technologies Corp.
Cybeats Technologies Corp. is a cybersecurity company specializing in Software Bill of Material (SBOM) management and software supply chain intelligence technology. Their platform aids organizations in managing risk, meeting compliance requirements, and securing software throughout its lifecycle, offering comprehensive visibility and transparency into the software supply chain.
Average Trading Volume: 89,752
Technical Sentiment Signal: Buy
For a thorough assessment of CYBT stock, go to TipRanks’ Stock Analysis page.