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FirstWave Cloud Technology ( (AU:FCT) ) has provided an update.
FirstWave Cloud Technology has secured $264,982 in co-funded support under CSIRO’s Regional University Industry Collaboration program to accelerate the commercial rollout of AI-powered network intelligence and compliance software, partnering with the University of the Sunshine Coast’s Cyber Security Lab and CSIRO. The project will develop and operationalise production-ready machine learning models on FirstWave’s widely deployed NMIS and Open-AudIT platforms, marking a strategic shift from traditional monitoring to predictive, AI-driven compliance management aimed at helping enterprise and government customers detect emerging security issues earlier, minimise downtime and bolster critical infrastructure resilience, while also advancing Australia’s broader cybersecurity and digital resilience capabilities.
The most recent analyst rating on (AU:FCT) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on FirstWave Cloud Technology stock, see the AU:FCT Stock Forecast page.
More about FirstWave Cloud Technology
FirstWave Cloud Technology Limited is an Australia-headquartered global software company specialising in AI-driven compliance management, network monitoring, automation and cybersecurity solutions. Operating a freemium model estimated to reach more than 150,000 organisations in 178 countries, the company serves a roster of major enterprise and government clients including Microsoft, Telstra, John Deere, the U.S. Army & Air Force, Claro, Raytheon, Telmex, Macquarie Cloud Services and NASA.
Average Trading Volume: 2,425,363
Technical Sentiment Signal: Sell
Current Market Cap: A$10.61M
For detailed information about FCT stock, go to TipRanks’ Stock Analysis page.