Sekur Private Data Expands into African Market Amid Rising Cyber Threats

An announcement from Sekur Private Data ( (TSE:SKUR) ) is now available.

Sekur Private Data Ltd. has initiated discussions with referral partners to launch its privacy communications solutions in several African countries, targeting C-level executives, VIPs, and government officials. This move comes as Africa faces increasing cyber threats, with eight countries ranking among the top 20 most attacked globally. The company is strategically positioned in a growing cybersecurity market, leveraging its Swiss-hosted solutions to ensure robust data privacy. Additionally, Sekur has closed the first tranche of its non-brokered private placement, raising US$50,000 through convertible units.

The most recent analyst rating on (TSE:SKUR) stock is a Buy with a C$0.47 price target. To see the full list of analyst forecasts on Sekur Private Data stock, see the TSE:SKUR Stock Forecast page.

Spark’s Take on TSE:SKUR Stock

According to Spark, TipRanks’ AI Analyst, TSE:SKUR is a Neutral.

Sekur Private Data’s stock score is driven by its revenue growth and debt-free status, though it is tempered by profitability and cash flow challenges. The technical analysis shows positive momentum, but the negative valuation metrics pose a risk. Recent corporate events like the private placement are positive but are already accounted for in financial performance.

To see Spark’s full report on TSE:SKUR stock, click here.

More about Sekur Private Data

Sekur Private Data Ltd. is a Swiss-hosted cybersecurity and privacy communications provider offering secure tools like SekurMail, SekurMessenger, and SekurVPN to protect governments, businesses, and individuals from unauthorized access and cyber threats. The company operates globally, adhering to Swiss privacy standards, and sells its solutions through its website, approved distributors, and telecommunications companies.

Average Trading Volume: 78,218

Technical Sentiment Signal: Sell

Current Market Cap: C$5.95M

See more insights into SKUR stock on TipRanks’ Stock Analysis page.