Cyberoo S.p.A. Strengthens Operations with Strategic Acquisitions and Merger

An update from Cyberoo S.p.A. ( (IT:CYB) ) is now available.

Cyberoo S.p.A. has approved the acquisition of two foreign subsidiaries and a business branch from its controlling shareholder, Cyberoo Globl S.p.A., as part of a strategy to strengthen operational synergies and simplify its corporate structure. Additionally, the company has approved the merger of its subsidiary MFD International S.r.l. into Cyberoo, aiming to reduce costs and enhance management efficiency, further consolidating its competitive position in the cybersecurity market.

The most recent analyst rating on (IT:CYB) stock is a Hold with a EUR3.20 price target. To see the full list of analyst forecasts on Cyberoo S.p.A. stock, see the IT:CYB Stock Forecast page.

More about Cyberoo S.p.A.

Cyberoo S.p.A. is an innovative SME listed on the Euronext Growth Milan Market, specializing in cybersecurity for businesses. The company focuses on protecting, monitoring, and managing IT ecosystems, targeting mid-sized businesses with a comprehensive portfolio of enterprise solutions developed using advanced technologies.

Average Trading Volume: 48,634

Technical Sentiment Signal: Sell

Current Market Cap: €65.03M

Learn more about CYB stock on TipRanks’ Stock Analysis page.