Bankhaus Lampe starts coverage for cyan AG with "Buy" recommendation
and price target of EUR 47
Munich / 16 January 2019. Bankhaus Lampe initiates research on cyan with a "Buy" recommendation and a price target of EUR 47. The analysts see a current potential for an increase in value of around 80%.
According to the analysts, the great potential in the global market for cyber-security and the prospects arising from the takeover of I-New as well as the conclusion of the contract with Orange could triple earnings in 2019. At present, the deal with Orange/France Telekom announced in December 2018 has not yet been taken into account by all brokers and analysts. This is the reason why Bankhaus Lampe Research see a price and development potential that exceeds the latest expectations of other research companies.
cyan AG is a leading, globally active provider of intelligent white label IT security solutions with more than 25 years of experience in the area of IT security. The main business areas of the company are mobile security solutions for the end customers of mobile network operators and fixed line internet service providers (MNO, ISP), mobile virtual network operators (MVNO), the insurance and financial services sector and government institutions. With the acquisition of I-New in July 2018, cyan became a one-stop shop for MVNOs worldwide. Today, the group has more than 40 international MVNOs with around 5.5 million end customers among its contractual partners. cyan's solutions can easily be integrated into the existing infrastructure of business partners and introduced to the market via a revenue share model. The complete integration into the customer's environment also guarantees data protection. In December 2018, cyan won a global group contract with Orange/France Telekom in an international tender process.
cyan AG 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. The holding company is headquartered in Munich.
Further information is available at www.cyansecurity.com.
Florian Rukover, Head of IR
Better Orange IR & HV AG
+49 89 88 96 906 14
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