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Shearwater ( (GB:SWG) ) just unveiled an announcement.
Shearwater Group plc, through its subsidiary Brookcourt Solutions, has secured a £7.3 million contract extension with a leading British mobile network operator. This contract, which includes the provision of Thales Imperva Data Security Fabric licenses and managed services, aims to enhance the operator’s data protection capabilities. The agreement highlights the growing importance of cybersecurity in procurement decisions and underscores Shearwater’s role in delivering critical data security solutions. This extension not only strengthens Shearwater’s relationship with the telecommunications provider but also supports the company’s long-term growth strategy by validating its expertise and the quality of its technology partners.
Spark’s Take on GB:SWG Stock
According to Spark, TipRanks’ AI Analyst, GB:SWG is a Neutral.
Shearwater’s overall stock score reflects a mix of strengths and challenges. The company’s stable balance sheet and improving cash flow are positive, but significant profitability issues and negative valuation metrics weigh heavily. Positive corporate events offer some optimism for future growth and stability.
To see Spark’s full report on GB:SWG stock, click here.
More about Shearwater
Shearwater Group plc is an award-winning UK-based company providing cybersecurity, managed security, and professional advisory solutions. Its services include identity and access management, data security, cybersecurity solutions, managed security services, and security governance, risk, and compliance. The company aims to create a safer online environment for organizations and their end users, with a growth strategy focused on expanding its comprehensive cybersecurity offerings through a buy and build approach. Shearwater serves a global customer base across various industries and is listed on the London Stock Exchange’s AIM under the ticker ‘SWG’.
Average Trading Volume: 50,660
Technical Sentiment Signal: Sell
Current Market Cap: £10.6M
Find detailed analytics on SWG stock on TipRanks’ Stock Analysis page.