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The latest announcement is out from Aussie Broadband Ltd. ( (AU:ABB) ).
Infotrust has agreed to sell its Cloud & Communications segment, Nexgen Investment Group, to Aussie Broadband for up to $50 million, comprising $44.1 million in upfront cash and up to $5.9 million in contingent payments, subject to standard conditions. Nexgen, which generated FY25 revenue of $44.1 million and uEBITDA of $7.7 million, will receive transitional IT, finance and corporate support services for 12 months to ensure continuity for customers and staff.
The divestment completes Infotrust’s strategic pivot to a focused, higher-margin cyber security and secure managed technology business and is expected to materially strengthen its balance sheet. Proceeds will be used to reduce net debt and fund a pipeline of earnings-accretive acquisitions and investments in SOC expansion, DFIR capabilities and secure-by-design offerings, while the company withdraws its FY26 earnings guidance pending a reassessment of its post-divestment outlook.
The most recent analyst rating on (AU:ABB) stock is a Buy with a A$6.15 price target. To see the full list of analyst forecasts on Aussie Broadband Ltd. stock, see the AU:ABB Stock Forecast page.
More about Aussie Broadband Ltd.
Infotrust Ltd is an Australian cyber-first technology services provider focused on delivering managed security services and secure managed technology to government, enterprise and mid-market customers. Its offerings span managed security operations, digital forensics and incident response, governance and compliance, and secure workplace, network, cloud and identity services.
Average Trading Volume: 1,160,423
Technical Sentiment Signal: Buy
Current Market Cap: A$1.51B
For a thorough assessment of ABB stock, go to TipRanks’ Stock Analysis page.