Cyan

DB: CYR

€233.4m market cap

€23.88 last close

Cyan supplies cybersecurity systems for mobile data networks. Following the recent acquisition of I-New, its two major products are: content management software sold as a white-label product to mobile network operators; and a traffic management solution for MVNOs that enables them to reduce network traffic and corresponding costs.

Investment summary

Over the last 12 months Cyan has focused on integrating its I-New acquisition and preparing for its Orange roll-out. Sustaining this focus on delivery over the next few months will be crucial. The company is targeting revenues of €75m by FY21, a significant uplift from the current (€16m) run rate. Investor confidence will be boosted if Cyan can deliver the large sequential jump in revenues implied by FY19 guidance and complete technical integration with Orange on time.

Sector
TMT
Share price graph
Price performance
%
1m
3m
12m
Actual 20.6 16.5 (13.9)
Relative* 18.6 8.6 (28.8)
52-week high/low €36.5/€16.1
*% relative to local index
Key management
Michael Sieghart CFO