cyan AG: Commerzbank starts coverage on cyan AG with a ‘Buy’ recommendation and share price target 43 Euro
DGAP-News: cyan AG / Key word(s): Miscellaneous/Research Update
01.02.2019 / 09:32
Commerzbank starts coverage on cyan AG with a “Buy” recommendation and share price target 43 Euro
Munich / 1 February 2019. Commerzbank Research published its first analysis of cyan AG and recommends “Buy” with a share price target of 43 euros. Commerzbank Research plans to produce ongoing research reports on cyan AG in the future.
In its research on cyan AG, Commerzbank anticipates strong growth with a revenue CAGR 2018-2021E of 49% and EBITDA growth of 75%, in particular due to the high scalability of the business model. The recently concluded contract with Orange will also contribute massively to the company’s strong growth. Should cyan manage to sign additional large-scale contracts and/or to achieve higher EBIT margins, additional share price potential is seen. Commerzbank sees the basis for cyan’s success in its market position as the only network-integrated provider of IT and cyber-security solutions for mobile end devices such as smartphones and tablets.
cyan operates its own research and development center and maintains close links to universities, international research institutes, security, financial and social organizations. This close collaboration ensures the early recognition of trends and technical developments for integration into cyan’s products.
Further information is available at www.cyansecurity.com
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
|Listed:||Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Stuttgart, Tradegate Exchange|
|End of News||DGAP News Service|