View Past PerformanceSSH Communications Security Oyj バランスシートの健全性財務の健全性 基準チェック /66SSH Communications Security Oyjの総株主資本は€25.8M 、総負債は€1.3Mで、負債比率は5%となります。総資産と総負債はそれぞれ€47.4Mと€21.6Mです。主要情報5.05%負債資本比率€1.30m負債インタレスト・カバレッジ・レシオn/a現金€21.12mエクイティ€25.80m負債合計€21.60m総資産€47.40m財務の健全性に関する最新情報分析記事 • May 06Is SSH Communications Security Oyj (HEL:SSH1V) A Risky Investment?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...分析記事 • May 20SSH Communications Security Oyj (HEL:SSH1V) Has Debt But No Earnings; Should You Worry?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...すべての更新を表示Recent updatesPrice Target Changed • May 06Price target decreased by 7.8% to €2.35Down from €2.55, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of €2.26. Stock is up 103% over the past year. The company is forecast to post a net loss per share of €0.07 next year compared to a net loss per share of €0.082 last year.Reported Earnings • Apr 30First quarter 2026 earnings: EPS and revenues miss analyst expectationsFirst quarter 2026 results: €0.03 loss per share (improved from €0.11 loss in 1Q 2025). Revenue: €5.30m (down 1.9% from 1Q 2025). Net loss: €1.30m (loss narrowed 7.1% from 1Q 2025). Revenue missed analyst estimates by 6.2%. Earnings per share (EPS) also missed analyst estimates by 100%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in Finland. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.Breakeven Date Change • Apr 29The 2 analysts covering SSH Communications Security Oyj previously expected the company to break even in 2027. New consensus forecast suggests losses will reduce by 66% to 2026. The company is expected to make a profit of €1.15m in 2027. Average annual earnings growth of 76% is required to achieve expected profit on schedule.Buy Or Sell Opportunity • Apr 22Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 27% to €2.22. The fair value is estimated to be €2.81, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.4% over the last 3 years. Earnings per share has declined by 16%. Revenue is forecast to grow by 9.9% in a year. Earnings are forecast to grow by 66% in the next year.新しいナラティブ • Mar 19Future Data Sovereignty And Quantum Security Trends Will Support Gradual Earnings RecoveryCatalysts About SSH Communications Security Oyj SSH Communications Security Oyj provides cybersecurity solutions focused on privileged access management, network encryption and secure communications for enterprises and public sector customers. What are the underlying business or industry changes driving this perspective?Buy Or Sell Opportunity • Mar 10Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 28% to €2.19. The fair value is estimated to be €2.78, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.4% over the last 3 years. Earnings per share has declined by 11%. Revenue is forecast to grow by 9.9% in a year. Earnings are forecast to grow by 45% in the next year.新しいナラティブ • Mar 05Quantum Safe Security And Sovereign Cloud Demand Will Support A Positive Long Term OutlookCatalysts About SSH Communications Security Oyj SSH Communications Security Oyj provides cybersecurity software focused on privileged access management, network encryption and secure communications for critical infrastructure, enterprises and public sector customers. What are the underlying business or industry changes driving this perspective?Major Estimate Revision • Feb 24Consensus EPS estimates upgraded to €0.03 loss, revenue downgradedThe consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from €25.3m to €23.8m. 2026 losses expected to reduce from -€0.035 to -€0.03 per share. Software industry in Finland expected to see average net income growth of 29% next year. Consensus price target down from €2.55 to €2.45. Share price was steady at €2.42 over the past week.新しいナラティブ • Feb 18Quantum Safe Security And EU Data Sovereignty Will Support Stronger SSH OutlookCatalysts About SSH Communications Security Oyj SSH Communications Security Oyj provides cybersecurity software focused on privileged access management, encryption and secure communications for enterprises and public sector customers. What are the underlying business or industry changes driving this perspective?Reported Earnings • Feb 18Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2025 results: €0.08 loss per share (improved from €0.098 loss in FY 2024). Revenue: €21.6m (down 2.5% from FY 2024). Net loss: €2.30m (loss narrowed 43% from FY 2024). Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) exceeded analyst estimates by 5.9%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Software industry in Finland. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.Buy Or Sell Opportunity • Feb 12Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 17% to €2.64. The fair value is estimated to be €3.38, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.1% over the last 3 years. Earnings per share has declined by 24%. Revenue is forecast to grow by 6.0% in a year. Earnings are forecast to grow by 74% in the next year.お知らせ • Jan 09Ssh Communications Security Corporation Appoints Harri Pendolin as Chief Product Officer, Effective from February 1, 2026SSH Communications Security Corporation has appointed Harri Pendolin as Chief Product Officer for SSH, effective February 1, 2026. He is part of the new Executive Management Team. The CPO role is new at SSH and will be responsible for shaping and executing the product strategy to support successful market expansion. Strengthening SSH’s go-to-market and product marketing capabilities is essential to increase demand generation and accelerate growth. Harri joins SSH from Taskmill Consulting, previously also at Eficode and Nokia. He brings extensive experience and a proven track record in the development of product-led businesses, with strengths in the formulation of product strategy, the advancement of product leadership, and the transformation of product management organizations.お知らせ • Jan 02SSH Communications Security Oyj Provides Earnings Guidance for the Year 2025SSH Communications Security Oyj provided earnings guidance for the year 2025. For the year, company expected Net sales will decrease slightly compared to 2024. The earlier 2025 outlook, issued on 14 February 2025, expected net sales to grow.New Risk • Oct 31New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 33% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (14% average weekly change). Shareholders have been substantially diluted in the past year (33% increase in shares outstanding).分析記事 • Oct 30More Unpleasant Surprises Could Be In Store For SSH Communications Security Oyj's (HEL:SSH1V) Shares After Tumbling 29%The SSH Communications Security Oyj ( HEL:SSH1V ) share price has softened a substantial 29% over the previous 30 days...分析記事 • Oct 29One SSH Communications Security Oyj (HEL:SSH1V) Analyst Just Slashed Their Estimates By A Material 20%One thing we could say about the covering analyst on SSH Communications Security Oyj ( HEL:SSH1V ) - they aren't...Breakeven Date Change • Oct 27Forecast breakeven date pushed back to 2027The analyst covering SSH Communications Security Oyj previously expected the company to break even in 2026. New forecast suggests losses will reduce by 66% per year to 2026. The company is expected to make a profit of €2.80m in 2027. Average annual earnings growth of 118% is required to achieve expected profit on schedule.Reported Earnings • Oct 26Third quarter 2025 earnings: EPS and revenues miss analyst expectationsThird quarter 2025 results: €0.02 loss per share (in line with 3Q 2024). Revenue: €5.50m (up 5.8% from 3Q 2024). Net income: €0 (up €100.0k from 3Q 2024). Profit margin: 0% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Revenue missed analyst estimates by 3.5%. Earnings per share (EPS) also missed analyst estimates by 100%. Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in Finland. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 28% per year, which means it is well ahead of earnings.Breakeven Date Change • Oct 24The analyst covering SSH Communications Security Oyj previously expected the company to break even in 2026. New forecast suggests losses will reduce by 20% to 2025. The company is expected to make a profit of €1.20m in 2026. Average annual earnings growth of 128% is required to achieve expected profit on schedule.お知らせ • Sep 24+ 5 more updatesSSH Communications Security Oyj, Annual General Meeting, Mar 26, 2026SSH Communications Security Oyj, Annual General Meeting, Mar 26, 2026. Location: in helsinki, Finlandお知らせ • Sep 09SSH Communications Security Oyj announced that it expects to receive €20 million in funding from Leonardo S.p.a.SSH Communications Security Oyj announced that it has signed a strategic partnership and investment agreement to raise gross proceeds of €20,000,000 on September 9, 2025. The transaction includes participation from Leonardo S.p.A.Reported Earnings • Jul 18First half 2025 earnings released: €0.14 loss per share (vs €0.047 loss in 1H 2024)First half 2025 results: €0.14 loss per share (further deteriorated from €0.047 loss in 1H 2024). Revenue: €10.8m (up 6.9% from 1H 2024). Net loss: €2.10m (loss widened 40% from 1H 2024). Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Software industry in Finland. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.分析記事 • Jul 02Revenues Tell The Story For SSH Communications Security Oyj (HEL:SSH1V) As Its Stock Soars 55%SSH Communications Security Oyj ( HEL:SSH1V ) shareholders have had their patience rewarded with a 55% share price jump...New Risk • Jul 01New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Finnish stocks, typically moving 21% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (21% average weekly change). Minor Risk Market cap is less than US$100m (€70.7m market cap, or US$83.3m).お知らせ • May 30SSH Communications Security Announces Complete, Automated Integration Between PrivX PAM and PrivX Key ManagerSSH Communications Security announced the complete and automated integration of their SSH key lifecycle management and privileged access management (PAM) solutions. The company's PrivX Just-in-Time PAM keeps organizations secure and their people productive. SSH's PrivX Key Manager extends this PAM functionality by discovering SSH keys and accounts, automating their management at scale and enabling the evolution to keyless access via unique ephemeral certificates with the push of a button. The importance of workload ID and secrets management, including SSH keys and passwords, as a critical capability for a PAM is emphasized by analysts such as Gartner and KuppingerCole, global leaders in security market research. KuppingerCole has recently recognized PrivX as an overall, product and innovation leader in their recent Enterprise Secrets Management Leadership Compass 2025. Like passwords, SSH keys are critical access credentials, a significant attack vector, and an audit failure point especially in large organizations with thousands of servers. Traditional PAM solutions typically discover only 20% of all SSH keys and can't properly manage them through a vault alone. This leads to non-compliance, security risks and opportunities for PAM bypasses.Reported Earnings • May 02First quarter 2025 earnings released: €0.034 loss per share (vs €0.03 loss in 1Q 2024)First quarter 2025 results: €0.034 loss per share (further deteriorated from €0.03 loss in 1Q 2024). Revenue: €5.40m (up 8.0% from 1Q 2024). Net loss: €1.40m (loss widened 75% from 1Q 2024). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Software industry in Finland. Over the last 3 years on average, earnings per share has fallen by 26% per year whereas the company’s share price has fallen by 23% per year.Breakeven Date Change • Apr 30The analyst covering SSH Communications Security Oyj previously expected the company to break even in 2025. New forecast suggests the company will make a profit of €370.0k in 2025. Earnings growth of 77% is required to achieve expected profit on schedule.お知らせ • Apr 17Ssh Communications Security Announces Multiple Privx DealsSSH Communications Security announced new wins for PrivX, a modern 3rd generation privileged access management (PAM) solution. PrivX provides just-in-time (JIT) and Just Enough Access (JEA), operates with both zero standing privileges (ZSP) and a secrets vault for credentials management. The solution is based on modern scalable microservices architecture, and PrivX bridges the gap between traditional, modern and future-proof access management in critical IT/OT infrastructure. These elements earned the solution the recognition of being an overall leader in KuppingerCole's Cloud Identity and Entitlement Management (CIEM) Leadership Compass last year. New customer wins for PrivX include: a leading North American advisor in business-to-business engagement solutions globally. an Asian foods wholesaler with a network of approximately 6,500 suppliers and 3,000 buyers a leading Nordic full-service provider of cloud-based IT services a global leader in forest industry business a Defense operator.分析記事 • Feb 19SSH Communications Security Oyj (HEL:SSH1V) Released Earnings Last Week And Analysts Lifted Their Price Target To €1.80It's been a good week for SSH Communications Security Oyj ( HEL:SSH1V ) shareholders, because the company has just...Reported Earnings • Feb 15Full year 2024 earnings released: €0.10 loss per share (vs €0.10 loss in FY 2023)Full year 2024 results: €0.10 loss per share (improved from €0.10 loss in FY 2023). Revenue: €22.2m (up 9.2% from FY 2023). Net loss: €1.10m (loss narrowed 73% from FY 2023). Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Software industry in Finland. Over the last 3 years on average, earnings per share has fallen by 17% per year whereas the company’s share price has fallen by 22% per year.New Risk • Jan 29New major risk - Revenue and earnings growthEarnings have declined by 8.9% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 8.9% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Market cap is less than US$100m (€42.8m market cap, or US$44.5m).お知らせ • Jan 09SSH Communications Security Corporation Appoints Rami Raulas as CEO, Effective 8 January 2025The board of directors of SSH Communications Security Corporation has appointed Rami Raulas CEO, effective 8 January 2025. He has been interim CEO since February 2024. Raulas joined SSH in 2016 and has been a member of the company’s Executive Management Team since 2021 as Head of EMEA Region. Prior to joining SSH, Raulas held international leadership positions in global companies, such as Ahlstrom, Fujitsu-Siemens, Fujitsu and Nokia. He holds a Master of Science degree from the Helsinki School of Economics (currently Aalto University).Breakeven Date Change • Jan 01Forecast breakeven date pushed back to 2026The analyst covering SSH Communications Security Oyj previously expected the company to break even in 2025. New forecast suggests losses will reduce by 75% per year to 2025. The company is expected to make a profit of €610.0k in 2026. Average annual earnings growth of 109% is required to achieve expected profit on schedule.お知らせ • Nov 29SSH Communications Security Oyj Announces the Appointment of Pauli Haikonen as the Chief Information Security Officer, Effective December 1, 2024SSH Communications Security Oyj announced the appointment of Pauli Haikonen as the company's Chief Information Security Officer (CISO), effective December 1, 2024. Pauli has been a key part of SSH since 2018, contributing greatly to the development and management of the company’s IT systems. With nearly 20 years of experience in IT and cybersecurity, Pauli brings a wealth of knowledge and expertise that positions him perfectly to lead SSH’s security strategy as it continues to grow and expand in an increasingly complex digital landscape. In his current role, Pauli led the company through the successful process of obtaining ISO 27001 certification, a significant achievement that highlights SSH's commitment to maintaining high standards for information security. This certification demonstrates that the company meets important requirements for protecting data and managing security risks. As CISO, Pauli will be responsible for overseeing the company’s overall approach to cybersecurity, helping to protect both the organization and its clients from the growing risks in the digital world. His leadership will be essential as SSH continues to strengthen its security practices and ensure it remains a reliable partner for businesses seeking secure solutions.New Risk • Nov 04New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Finnish stocks, typically moving 5.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (5.5% average weekly change). Market cap is less than US$100m (€43.0m market cap, or US$46.8m).Reported Earnings • Oct 27Third quarter 2024 earnings releasedThird quarter 2024 results: €0.002 loss per share. Revenue: €5.20m (flat on 3Q 2023). Net loss: €100.0k (flat on 3Q 2023). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Software industry in Finland. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings.New Risk • Oct 25New major risk - Revenue and earnings growthEarnings have declined by 12% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 12% per year over the past 5 years. Minor Risk Market cap is less than US$100m (€48.5m market cap, or US$52.6m).お知らせ • Sep 27SSH Communications Security Oyj, Annual General Meeting, Mar 25, 2025SSH Communications Security Oyj, Annual General Meeting, Mar 25, 2025. Location: helsinki Finlandお知らせ • Sep 26+ 3 more updatesSSH Communications Security Oyj to Report Fiscal Year 2024 Results on Feb 14, 2025SSH Communications Security Oyj announced that they will report fiscal year 2024 results on Feb 14, 2025Price Target Changed • Jul 22Price target decreased by 12% to €1.80Down from €2.04, the current price target is provided by 1 analyst. New target price is 42% above last closing price of €1.27. Stock is down 9.6% over the past year. The company is forecast to post a net loss per share of €0.04 next year compared to a net loss per share of €0.10 last year.Breakeven Date Change • Jul 22Forecast breakeven date pushed back to 2026The analyst covering SSH Communications Security Oyj previously expected the company to break even in 2025. New forecast suggests losses will reduce by 76% per year to 2025. The company is expected to make a profit of €680.0k in 2026. Average annual earnings growth of 104% is required to achieve expected profit on schedule.お知らせ • Jul 08SSH Communications Security Announces the Release of Version 3.0 of Its Quantum-Safe NQX Communications SolutionSSH Communications Security announced the release of version 3.0 of its quantum-safe NQX communications solution. The new version is more powerful, supports the latest quantum-safe encryption algorithms, and enables customers to manage large numbers of connections between networks, data centers, and factories. The NQX software meets the needs of national security agencies and other organizations as they move vast amounts of data between data centers, industrial environments, branch offices and networks in a quantum-secure fashion. Unlike many competing products, NQX transmits data at high rates even when super secure quantum-safe connections are turned on. The main features of NQX 3.0 are: Quantum-safe key exchange with support for the latest post-quantum cryptography (PQC) key agreement algorithms FrodoKEM and Kyber. Crypto agile design ensures that the latest PQC algorithms can be easily taken into use as they evolve. The solution uses the hybrid approach where classical and quantum-safe algorithms work both in parallel and together. Ethernet support up to 100Gbps for data links between data centers. Modernized management system for more efficient operations of even the most complex network topologies.分析記事 • Apr 27SSH Communications Security Oyj (HEL:SSH1V) Just Reported Earnings, And Analysts Cut Their Target PriceAs you might know, SSH Communications Security Oyj ( HEL:SSH1V ) recently reported its quarterly numbers. It was a...Reported Earnings • Apr 24First quarter 2024 earnings: EPS and revenues miss analyst expectationsFirst quarter 2024 results: €0.03 loss per share (in line with 1Q 2023). Revenue: €5.00m (up 4.2% from 1Q 2023). Net loss: €800.0k (loss narrowed 11% from 1Q 2023). Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) also missed analyst estimates by 200%. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Software industry in Finland. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings.お知らせ • Apr 19SSH Communications Security Oyj Announces Significant Enhancements to the Authentication Capacity of Its Solution Portfolio, the PrivX Zero Trust SuiteSSH Communications Security announced significant enhancements to the authentication capacity of its solution portfolio, the PrivX Zero Trust Suite. PrivX Authorizer, including Device Trust Authorizer, provides more secure authentication for privileged users and their devices. Email phishing is an attack vector that leverages the weaknesses of credential-based authentication and weak MFA solutions. Hence, modern phishing-resistant MFA is needed, and modern SSH MFA solutions provide a powerful way to mitigate phishing attacks on authentication. Strong authentication and just-in-time authorization for super-users: Authentication using off-the-shelf products is enough for standard users. However, there are some critical systems and high-impact operations that require stricter access control and stricter authentication. The users for this are about 1 in 200: super-users or power users, such as administrators and application owners. For these sensitive users, PrivX Authorizer provides a phishing-resistant, biometrics-based advanced MFA that can authenticate the device and the user. The Device Trust solution continuously validates the device's security posture, terminating policy-contravening sessions automatically. Moreover, it can deny access based on anomalous user behavior, location, and time, or require re-authentication. Additionally, PrivX Authorizer will be able to facilitate and approve temporary role requests from other users.New Risk • Apr 14New major risk - Revenue and earnings growthEarnings have declined by 17% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.1% average weekly change). Earnings have declined by 17% per year over the past 5 years. Minor Risk Market cap is less than US$100m (€54.7m market cap, or US$58.2m).分析記事 • Mar 04Why We're Not Concerned Yet About SSH Communications Security Oyj's (HEL:SSH1V) 30% Share Price PlungeSSH Communications Security Oyj ( HEL:SSH1V ) shareholders won't be pleased to see that the share price has had a very...お知らせ • Mar 01SSH Communications Security Corporation Appoints Miikka Sainio to Executive Management TeamCTO Miikka Sainio has been appointed as a member of SSH Communications Security Corporation’s Executive Management Team as of 1 March 2024. Sainio has been working at SSH since 2016 and as CTO he has served since November 2020.お知らせ • Feb 28SSH Communications Security Oyj Announces CEO ChangesThe Board of Directors of SSH Communications Security Corporation and CEO Teemu Tunkelo have agreed that Tunkelo will leave his position in the company with immediate effect. Tunkelo served as CEO of SSH since March 2020. The recruitment process for a new CEO has been initiated. The Board of Directors of SSH has appointed Rami Raulas as interim CEO of the company. Raulas has been a member of the company’s Executive Management Team since 2021 as Head of EMEA Region and has been with SSH since 2016. Rami holds a Master of Science degree in strategic marketing, business economics, and computer science from Aalto University (previously known as the Helsinki School of Economics).Price Target Changed • Feb 26Price target decreased by 12% to €1.80Down from €2.04, the current price target is provided by 1 analyst. New target price is 29% above last closing price of €1.40. Stock is down 30% over the past year. The company is forecast to post a net loss per share of €0.03 next year compared to a net loss per share of €0.10 last year.分析記事 • Feb 25SSH Communications Security Oyj (HEL:SSH1V) Just Reported, And Analysts Assigned A €1.90 Price TargetAs you might know, SSH Communications Security Oyj ( HEL:SSH1V ) last week released its latest full-year, and things...New Risk • Feb 23New major risk - Revenue and earnings growthEarnings have declined by 15% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 15% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (2.5% increase in shares outstanding). Market cap is less than US$100m (€56.7m market cap, or US$61.4m).Reported Earnings • Feb 23Full year 2023 earnings released: €0.10 loss per share (vs €0.049 loss in FY 2022)Full year 2023 results: €0.10 loss per share (further deteriorated from €0.049 loss in FY 2022). Revenue: €20.3m (up 5.3% from FY 2022). Net loss: €2.70m (loss widened 41% from FY 2022). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Software industry in Finland. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings.お知らせ • Feb 06SSH Communications Security Announces Enhancements to SSH Zero Trust SuiteSSH Communications Security announced enhancements to SSH Zero Trust Suite, enabling tight integration for key users accessing critical and sensitive data with Microsoft Entra solutions. SSH Zero Trust Suite and Microsoft Entra allow customers to improve their cybersecurity posture in Identity and Access Management (IAM). This integration streamlines access control to sensitive and critical data. This solution serves SSH's customers in finance, government, retail, and critical infrastructure like factories, airports, container terminals, and electricity and water supplies. PrivX technology protects users' access to critical and sensitive data with tight access control. Most cybersecurity risks are caused by a few users - typically one out of 200 users. Traditional perimeter-based security has become costly and ineffective. Communications security between people, systems, and networks is more important than blocking access with firewalls. PrivX completes Microsoft Entra solutions in environments that require high security. SSH Zero Trust Suite tightens the screws limiting access to the minimum and replaces permanent authorizations with just-in-time and just-enough access. The solution creates an audit trail about who did what, when, with what device, and at what time in which time zone. SSH Zero Trust Suite controls access to critical and sensitive data based on true multi-factor authentication (MFA), replacing traditional unsecure token-based two-factor (2FA) authentications like SMS messages.分析記事 • Jan 19Why Investors Shouldn't Be Surprised By SSH Communications Security Oyj's (HEL:SSH1V) 28% Share Price SurgeSSH Communications Security Oyj ( HEL:SSH1V ) shares have continued their recent momentum with a 28% gain in the last...お知らせ • Dec 15+ 4 more updatesSSH Communications Security Oyj to Report Q1, 2024 Results on Apr 24, 2024SSH Communications Security Oyj announced that they will report Q1, 2024 results on Apr 24, 2024お知らせ • Nov 03SSH Communications Security Oyj Announces the Launch of Secure Messaging 2024, A New Module of Its Secure Collaboration 2024 PlatformSSH Communications Security, announced the launch of Secure Messaging 2024, a new module of its Secure Collaboration 2024 platform. Secure Messaging 2024 is a real-time, modern, secure messaging solution fortifying SSH's overall Zero Trust Suite solutions portfolio. Secure Messaging 2024 addresses compliance and security challenges in business communications. It provides organizations with a solution to fulfill requirements to oversee their employees’ communications with customers. Secure Messaging 2024 helps organizations improve their efficiency and productivity. It offers a variety of features, such as video and voice calling, file sharing, and group chats, that make it easy for employees to communicate, collaborate, and invite external collaborators under the employer’s regulatory supervision requirements. Secure Messaging 2024 provides compliant digital communication for humans: End-to-end encryption: All direct messages and group chats in Secure Messaging 2024 are encrypted, meaning only the sender and recipient can read them. Compliance: Secure Messaging 2024 helps organizations comply with industry regulations, such as NIS2, GDPR, HIPAA, and CCPA. These regulations require organizations to protect sensitive data and record all communications. Auditability: Secure Messaging 2024 provides organizations with a complete audit trail of all communications. This allows organizations to identify any suspicious activity or compliance violations quickly and easily. Data sovereignty: Customers can choose where their data resides (which country, on-premises or in the cloud) and always retain ownership and control of it. Integration with other applications: Secure Messaging 2024 integrates with other SSH products in the Zero Trust portfolio. Unauthorized employee-customer communication is a financial risk for financial institutions: Sharing sensitive, confidential, or secret business data via private messaging apps that aren't recorded can lead to non-compliance and massive fines. Recently, there have been several high-profile cases where financial institutions have been fined billions of dollars for using unauthorized and unrecorded communication channels, such as WhatsApp and Telegram. These channels are not compliant with SEC regulations and well-known business communication tools are increasingly targeted and breached.Reported Earnings • Oct 26Third quarter 2023 earnings: Revenues miss analyst expectationsThird quarter 2023 results: Revenue: €5.20m (flat on 3Q 2022). Net income: €0 (up €706.8k from 3Q 2022). Profit margin: 0% (up from net loss in 3Q 2022). Revenue missed analyst estimates by 7.1%. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in Finland. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.お知らせ • Oct 26Ssh Communications Security Corporation Provides Sales Guidance for the Year 2023SSH Communications Security Corporation provided sales guidance for the year 2023. For the period, the company expects net sales to grow during 2023 compared to 2022.New Risk • Oct 25New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.3% per year for the foreseeable future. Minor Risks Share price has been volatile over the past 3 months (6.5% average weekly change). Shareholders have been diluted in the past year (2.4% increase in shares outstanding). Market cap is less than US$100m (€54.0m market cap, or US$57.2m).New Risk • Oct 06New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Finnish stocks, typically moving 5.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (5.6% average weekly change). Shareholders have been diluted in the past year (2.4% increase in shares outstanding). Market cap is less than US$100m (€54.4m market cap, or US$57.7m).お知らせ • Jul 22SSH Communications Security Corporation Provides Sales Guidance for the Full Year 2023SSH Communications Security Corporation provided sales guidance for the full year 2023. The company expected net sales to grow during 2023 compared to 2022.分析記事 • Jul 22Market Participants Recognise SSH Communications Security Oyj's (HEL:SSH1V) RevenuesWhen you see that almost half of the companies in the Software industry in Finland have price-to-sales ratios (or...Reported Earnings • Jul 20Second quarter 2023 earnings: EPS and revenues miss analyst expectationsSecond quarter 2023 results: €0.03 loss per share (further deteriorated from €0.008 loss in 2Q 2022). Revenue: €4.90m (up 8.9% from 2Q 2022). Net loss: €1.00m (loss widened 233% from 2Q 2022). Revenue missed analyst estimates by 14%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Software industry in Finland. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.お知らせ • Jun 17SSH Communications Security Launches SSH Zero Trust SuiteSSH Communications Security launched SSH Zero Trust Suite, combining SSH’s proven-in-use communications security products into a modern passwordless, keyless, and borderless ecosystem solution and further fortifying solution with quantum-safe capabilities. Borderless means that cybersecurity threat is equal in internet, extranet, and intranet environments. Typical use cases: Sharing sensitive information by email and secure workspaces, Managing access to critical resources and applications, e.g., secure third-party maintenance, Automated inter-application communication, such as automated bank transfers, Encrypted data transfer between data centers Zero Trust Suite manages and access and secrets in communications, ensuring that sensitive information remains secure and accessible only to authorized individuals, also monitoring and auditing who does what and when in the invisible digital world. While Suite supports traditional credential vaulting and rotation, it enables just-in-time authentication between people, applications, systems, networks, and clouds, eliminating the need to use passwords or SSH keys. Modern and easy-to-use solution Organizations can confidently exchange critical data, and Suite's advanced security preserves data confidentiality, audibility, and proper control and monitoring of access. A simple user experience is at the heart of the Zero Trust Suite. Users can enjoy an effortless and smooth authentication and access process. By eliminating passwords and incorporating biometric and other intuitive authentication methods, Suite ensures a user-friendly experience. Cybersecurity needs to be borderless Cyber threats are a global concern. Intranet, extranet, and the internet all have the same cyber threat exposure. Solutions like firewalls or demilitarized zones were designed when borders were assumed.お知らせ • Jun 07Ssh Launches Openssh Support Service for Multi-Platform Ssh EnvironmentsSSH launched a support service for OpenSSH. As a result, customers benefit from high-quality SSH support services also for the open-source variant of SSH software. OpenSSH will be supported on Windows and Red Hat Linux platforms. The SSH protocol is a secure network protocol used to establish encrypted and secure remote connections and transfer data between different systems. OpenSSH is an open-source implementation of the SSH protocol. It was initially released as a free version of SSH’s Tectia product. As an open-source product, OpenSSH is popular, especially as SSH client software. However, its usage in critical corporate environments has been partly limited due to a lack of high-quality support services or support from a single source for all SSH clients. Without proper support services, customers often invest in in-house OpenSSH expertise, resulting in increased operating costs and challenges in maintaining required service levels. Customers can access the SSH support team with Service Level Agreements like Tectia. Tectia’s R&D team can perform code-level analysis and propose patches to OpenSSH mainline or platform administrators. Customers benefit from single source support both for Tectia and OpenSSH products from experienced SSH technical support. Additional SSH Professional Services are also available, as well as other products in the SSH Zero Trust Suite portfolio.お知らせ • May 18SSH Communications Security Oyj Announces Member of the Board of Directors, Sampo Kellomäki, Has Passed AwaySSH Communications Security Oyj's member of the board of directors, Sampo Kellomäki, passed away from a serious illness on 16 May 2023. Sampo has been a board member of SSH Communications Security since 2020.分析記事 • May 06Is SSH Communications Security Oyj (HEL:SSH1V) A Risky Investment?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Breakeven Date Change • Apr 30Forecast breakeven date pushed back to 2024The analyst covering SSH Communications Security Oyj previously expected the company to break even in 2023. New forecast suggests the company will make a profit of €1.00m in 2024. Average annual earnings growth of 80% is required to achieve expected profit on schedule.Reported Earnings • Apr 28First quarter 2023 earnings released: €0.03 loss per share (vs €0.01 loss in 1Q 2022)First quarter 2023 results: €0.03 loss per share (further deteriorated from €0.01 loss in 1Q 2022). Revenue: €4.80m (up 9.1% from 1Q 2022). Net loss: €900.0k (loss widened €800.0k from 1Q 2022). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Software industry in Finland. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth.Breakeven Date Change • Apr 27The analyst covering SSH Communications Security Oyj previously expected the company to break even in 2023. New forecast suggests the company will make a profit of €400.0k in 2023. Earnings growth of 1.9% is required to achieve expected profit on schedule.Reported Earnings • Feb 27Full year 2022 earnings released: €0.013 loss per share (vs €0.088 loss in FY 2021)Full year 2022 results: €0.013 loss per share (improved from €0.088 loss in FY 2021). Revenue: €19.3m (up 21% from FY 2021). Net loss: €500.0k (loss narrowed 86% from FY 2021). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in Finland. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Jan 13SSH Communications Security Appoints Michael Kommonen as New Member of the Executive Management Team, Effective March 1, 2023SSH Communications Security announced Michael Kommonen has been appointed as the new member of the Executive Management Team. Mr. Kommonen will take up his new position on March 1, 2023, at the latest. He joins the company from AbbVie, where he holds the position of Business Finance Manager. Mr. Kommonen has diverse experience in various analyst and controller positions in large companies such as Oriola, Novo Nordisk, and Schindler.お知らせ • Jan 12SSH Communications Security Appoints Michael Kommonen as CFO, Effective March 1, 2023SSH Communications Security announced Michael Kommonen has been appointed as the new CFO of the company and a member of the executive management team. Mr. Kommonen will take up his new position on March 1, 2023, at the latest. He joins the company from AbbVie, where he holds the position of Business Finance Manager. Mr. Kommonen has diverse experience in various analyst and controller positions in large companies such as Oriola, Novo Nordisk, and Schindler.お知らせ • Dec 15+ 2 more updatesSSH Communications Security Oyj to Report Nine Months, 2023 Results on Oct 25, 2023SSH Communications Security Oyj announced that they will report nine months, 2023 results on Oct 25, 2023Price Target Changed • Nov 16Price target decreased to €2.40Down from €2.80, the current price target is provided by 1 analyst. New target price is 32% above last closing price of €1.82. Stock is down 30% over the past year. The company is forecast to post earnings per share of €0 next year compared to a net loss per share of €0.088 last year.Board Change • Nov 16Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Sampo Kellomaki is the most experienced director on the board, commencing their role in 2020. Independent Director Christian Fredrikson was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.分析記事 • Oct 25Is SSH Communications Security Oyj (HEL:SSH1V) Potentially Undervalued?SSH Communications Security Oyj ( HEL:SSH1V ), might not be a large cap stock, but it saw a decent share price growth...Buying Opportunity • Sep 05Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 18%. The fair value is estimated to be €2.43, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 32%.Breakeven Date Change • Jul 26Forecast breakeven date pushed back to 2023The analyst covering SSH Communications Security Oyj previously expected the company to break even in 2022. New forecast suggests losses will reduce by 88% to 2022. The company is expected to make a profit of €1.70m in 2023. Average annual earnings growth of 113% is required to achieve expected profit on schedule.Reported Earnings • Jul 22Second quarter 2022 earnings released: €0.01 loss per share (vs €0.03 loss in 2Q 2021)Second quarter 2022 results: €0.01 loss per share (up from €0.03 loss in 2Q 2021). Revenue: €4.50m (up 36% from 2Q 2021). Net loss: €300.0k (loss narrowed 63% from 2Q 2021). Over the next year, revenue is forecast to grow 31%, compared to a 18% growth forecast for the industry in Finland. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings.分析記事 • May 20SSH Communications Security Oyj (HEL:SSH1V) Has Debt But No Earnings; Should You Worry?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Breakeven Date Change • Apr 27Forecast breakeven date moved forward to 2022The analyst covering SSH Communications Security Oyj previously expected the company to break even in 2023. New forecast suggests the company will make a profit of €700.0k in 2022. Earnings growth of 93% is required to achieve expected profit on schedule.財務状況分析短期負債: SSH1Vの 短期資産 ( €29.6M ) が 短期負債 ( €15.8M ) を超えています。長期負債: SSH1Vの短期資産 ( €29.6M ) が 長期負債 ( €5.8M ) を上回っています。デット・ツー・エクイティの歴史と分析負債レベル: SSH1V総負債よりも多くの現金を保有しています。負債の削減: SSH1Vの負債対資本比率は、過去 5 年間で10.5%から5%に減少しました。貸借対照表キャッシュ・ランウェイ分析過去に平均して赤字であった企業については、少なくとも1年間のキャッシュ・ランウェイがあるかどうかを評価する。安定したキャッシュランウェイ: 利益は出ていないものの、 SSH1Vは現在のプラスの フリーキャッシュフロー レベルを維持すれば、3 年以上は十分な キャッシュランウェイ を有しています。キャッシュランウェイの予測: SSH1Vは利益は出ていませんが、フリーキャッシュフローがプラスであり、年間41.1 % 増加しているため、3 年以上は十分なキャッシュランウェイがあります。健全な企業の発掘7D1Y7D1Y7D1YSoftware 業界の健全な企業。View Dividend企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/08 08:52終値2026/05/08 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋SSH Communications Security Oyj 2 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。2 アナリスト機関Roni PeuranheimoInderes OyJacob BenonRedeye
分析記事 • May 06Is SSH Communications Security Oyj (HEL:SSH1V) A Risky Investment?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
分析記事 • May 20SSH Communications Security Oyj (HEL:SSH1V) Has Debt But No Earnings; Should You Worry?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Price Target Changed • May 06Price target decreased by 7.8% to €2.35Down from €2.55, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of €2.26. Stock is up 103% over the past year. The company is forecast to post a net loss per share of €0.07 next year compared to a net loss per share of €0.082 last year.
Reported Earnings • Apr 30First quarter 2026 earnings: EPS and revenues miss analyst expectationsFirst quarter 2026 results: €0.03 loss per share (improved from €0.11 loss in 1Q 2025). Revenue: €5.30m (down 1.9% from 1Q 2025). Net loss: €1.30m (loss narrowed 7.1% from 1Q 2025). Revenue missed analyst estimates by 6.2%. Earnings per share (EPS) also missed analyst estimates by 100%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in Finland. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.
Breakeven Date Change • Apr 29The 2 analysts covering SSH Communications Security Oyj previously expected the company to break even in 2027. New consensus forecast suggests losses will reduce by 66% to 2026. The company is expected to make a profit of €1.15m in 2027. Average annual earnings growth of 76% is required to achieve expected profit on schedule.
Buy Or Sell Opportunity • Apr 22Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 27% to €2.22. The fair value is estimated to be €2.81, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.4% over the last 3 years. Earnings per share has declined by 16%. Revenue is forecast to grow by 9.9% in a year. Earnings are forecast to grow by 66% in the next year.
新しいナラティブ • Mar 19Future Data Sovereignty And Quantum Security Trends Will Support Gradual Earnings RecoveryCatalysts About SSH Communications Security Oyj SSH Communications Security Oyj provides cybersecurity solutions focused on privileged access management, network encryption and secure communications for enterprises and public sector customers. What are the underlying business or industry changes driving this perspective?
Buy Or Sell Opportunity • Mar 10Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 28% to €2.19. The fair value is estimated to be €2.78, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.4% over the last 3 years. Earnings per share has declined by 11%. Revenue is forecast to grow by 9.9% in a year. Earnings are forecast to grow by 45% in the next year.
新しいナラティブ • Mar 05Quantum Safe Security And Sovereign Cloud Demand Will Support A Positive Long Term OutlookCatalysts About SSH Communications Security Oyj SSH Communications Security Oyj provides cybersecurity software focused on privileged access management, network encryption and secure communications for critical infrastructure, enterprises and public sector customers. What are the underlying business or industry changes driving this perspective?
Major Estimate Revision • Feb 24Consensus EPS estimates upgraded to €0.03 loss, revenue downgradedThe consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from €25.3m to €23.8m. 2026 losses expected to reduce from -€0.035 to -€0.03 per share. Software industry in Finland expected to see average net income growth of 29% next year. Consensus price target down from €2.55 to €2.45. Share price was steady at €2.42 over the past week.
新しいナラティブ • Feb 18Quantum Safe Security And EU Data Sovereignty Will Support Stronger SSH OutlookCatalysts About SSH Communications Security Oyj SSH Communications Security Oyj provides cybersecurity software focused on privileged access management, encryption and secure communications for enterprises and public sector customers. What are the underlying business or industry changes driving this perspective?
Reported Earnings • Feb 18Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2025 results: €0.08 loss per share (improved from €0.098 loss in FY 2024). Revenue: €21.6m (down 2.5% from FY 2024). Net loss: €2.30m (loss narrowed 43% from FY 2024). Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) exceeded analyst estimates by 5.9%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Software industry in Finland. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.
Buy Or Sell Opportunity • Feb 12Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 17% to €2.64. The fair value is estimated to be €3.38, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.1% over the last 3 years. Earnings per share has declined by 24%. Revenue is forecast to grow by 6.0% in a year. Earnings are forecast to grow by 74% in the next year.
お知らせ • Jan 09Ssh Communications Security Corporation Appoints Harri Pendolin as Chief Product Officer, Effective from February 1, 2026SSH Communications Security Corporation has appointed Harri Pendolin as Chief Product Officer for SSH, effective February 1, 2026. He is part of the new Executive Management Team. The CPO role is new at SSH and will be responsible for shaping and executing the product strategy to support successful market expansion. Strengthening SSH’s go-to-market and product marketing capabilities is essential to increase demand generation and accelerate growth. Harri joins SSH from Taskmill Consulting, previously also at Eficode and Nokia. He brings extensive experience and a proven track record in the development of product-led businesses, with strengths in the formulation of product strategy, the advancement of product leadership, and the transformation of product management organizations.
お知らせ • Jan 02SSH Communications Security Oyj Provides Earnings Guidance for the Year 2025SSH Communications Security Oyj provided earnings guidance for the year 2025. For the year, company expected Net sales will decrease slightly compared to 2024. The earlier 2025 outlook, issued on 14 February 2025, expected net sales to grow.
New Risk • Oct 31New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 33% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (14% average weekly change). Shareholders have been substantially diluted in the past year (33% increase in shares outstanding).
分析記事 • Oct 30More Unpleasant Surprises Could Be In Store For SSH Communications Security Oyj's (HEL:SSH1V) Shares After Tumbling 29%The SSH Communications Security Oyj ( HEL:SSH1V ) share price has softened a substantial 29% over the previous 30 days...
分析記事 • Oct 29One SSH Communications Security Oyj (HEL:SSH1V) Analyst Just Slashed Their Estimates By A Material 20%One thing we could say about the covering analyst on SSH Communications Security Oyj ( HEL:SSH1V ) - they aren't...
Breakeven Date Change • Oct 27Forecast breakeven date pushed back to 2027The analyst covering SSH Communications Security Oyj previously expected the company to break even in 2026. New forecast suggests losses will reduce by 66% per year to 2026. The company is expected to make a profit of €2.80m in 2027. Average annual earnings growth of 118% is required to achieve expected profit on schedule.
Reported Earnings • Oct 26Third quarter 2025 earnings: EPS and revenues miss analyst expectationsThird quarter 2025 results: €0.02 loss per share (in line with 3Q 2024). Revenue: €5.50m (up 5.8% from 3Q 2024). Net income: €0 (up €100.0k from 3Q 2024). Profit margin: 0% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Revenue missed analyst estimates by 3.5%. Earnings per share (EPS) also missed analyst estimates by 100%. Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in Finland. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 28% per year, which means it is well ahead of earnings.
Breakeven Date Change • Oct 24The analyst covering SSH Communications Security Oyj previously expected the company to break even in 2026. New forecast suggests losses will reduce by 20% to 2025. The company is expected to make a profit of €1.20m in 2026. Average annual earnings growth of 128% is required to achieve expected profit on schedule.
お知らせ • Sep 24+ 5 more updatesSSH Communications Security Oyj, Annual General Meeting, Mar 26, 2026SSH Communications Security Oyj, Annual General Meeting, Mar 26, 2026. Location: in helsinki, Finland
お知らせ • Sep 09SSH Communications Security Oyj announced that it expects to receive €20 million in funding from Leonardo S.p.a.SSH Communications Security Oyj announced that it has signed a strategic partnership and investment agreement to raise gross proceeds of €20,000,000 on September 9, 2025. The transaction includes participation from Leonardo S.p.A.
Reported Earnings • Jul 18First half 2025 earnings released: €0.14 loss per share (vs €0.047 loss in 1H 2024)First half 2025 results: €0.14 loss per share (further deteriorated from €0.047 loss in 1H 2024). Revenue: €10.8m (up 6.9% from 1H 2024). Net loss: €2.10m (loss widened 40% from 1H 2024). Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Software industry in Finland. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.
分析記事 • Jul 02Revenues Tell The Story For SSH Communications Security Oyj (HEL:SSH1V) As Its Stock Soars 55%SSH Communications Security Oyj ( HEL:SSH1V ) shareholders have had their patience rewarded with a 55% share price jump...
New Risk • Jul 01New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Finnish stocks, typically moving 21% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (21% average weekly change). Minor Risk Market cap is less than US$100m (€70.7m market cap, or US$83.3m).
お知らせ • May 30SSH Communications Security Announces Complete, Automated Integration Between PrivX PAM and PrivX Key ManagerSSH Communications Security announced the complete and automated integration of their SSH key lifecycle management and privileged access management (PAM) solutions. The company's PrivX Just-in-Time PAM keeps organizations secure and their people productive. SSH's PrivX Key Manager extends this PAM functionality by discovering SSH keys and accounts, automating their management at scale and enabling the evolution to keyless access via unique ephemeral certificates with the push of a button. The importance of workload ID and secrets management, including SSH keys and passwords, as a critical capability for a PAM is emphasized by analysts such as Gartner and KuppingerCole, global leaders in security market research. KuppingerCole has recently recognized PrivX as an overall, product and innovation leader in their recent Enterprise Secrets Management Leadership Compass 2025. Like passwords, SSH keys are critical access credentials, a significant attack vector, and an audit failure point especially in large organizations with thousands of servers. Traditional PAM solutions typically discover only 20% of all SSH keys and can't properly manage them through a vault alone. This leads to non-compliance, security risks and opportunities for PAM bypasses.
Reported Earnings • May 02First quarter 2025 earnings released: €0.034 loss per share (vs €0.03 loss in 1Q 2024)First quarter 2025 results: €0.034 loss per share (further deteriorated from €0.03 loss in 1Q 2024). Revenue: €5.40m (up 8.0% from 1Q 2024). Net loss: €1.40m (loss widened 75% from 1Q 2024). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Software industry in Finland. Over the last 3 years on average, earnings per share has fallen by 26% per year whereas the company’s share price has fallen by 23% per year.
Breakeven Date Change • Apr 30The analyst covering SSH Communications Security Oyj previously expected the company to break even in 2025. New forecast suggests the company will make a profit of €370.0k in 2025. Earnings growth of 77% is required to achieve expected profit on schedule.
お知らせ • Apr 17Ssh Communications Security Announces Multiple Privx DealsSSH Communications Security announced new wins for PrivX, a modern 3rd generation privileged access management (PAM) solution. PrivX provides just-in-time (JIT) and Just Enough Access (JEA), operates with both zero standing privileges (ZSP) and a secrets vault for credentials management. The solution is based on modern scalable microservices architecture, and PrivX bridges the gap between traditional, modern and future-proof access management in critical IT/OT infrastructure. These elements earned the solution the recognition of being an overall leader in KuppingerCole's Cloud Identity and Entitlement Management (CIEM) Leadership Compass last year. New customer wins for PrivX include: a leading North American advisor in business-to-business engagement solutions globally. an Asian foods wholesaler with a network of approximately 6,500 suppliers and 3,000 buyers a leading Nordic full-service provider of cloud-based IT services a global leader in forest industry business a Defense operator.
分析記事 • Feb 19SSH Communications Security Oyj (HEL:SSH1V) Released Earnings Last Week And Analysts Lifted Their Price Target To €1.80It's been a good week for SSH Communications Security Oyj ( HEL:SSH1V ) shareholders, because the company has just...
Reported Earnings • Feb 15Full year 2024 earnings released: €0.10 loss per share (vs €0.10 loss in FY 2023)Full year 2024 results: €0.10 loss per share (improved from €0.10 loss in FY 2023). Revenue: €22.2m (up 9.2% from FY 2023). Net loss: €1.10m (loss narrowed 73% from FY 2023). Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Software industry in Finland. Over the last 3 years on average, earnings per share has fallen by 17% per year whereas the company’s share price has fallen by 22% per year.
New Risk • Jan 29New major risk - Revenue and earnings growthEarnings have declined by 8.9% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 8.9% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Market cap is less than US$100m (€42.8m market cap, or US$44.5m).
お知らせ • Jan 09SSH Communications Security Corporation Appoints Rami Raulas as CEO, Effective 8 January 2025The board of directors of SSH Communications Security Corporation has appointed Rami Raulas CEO, effective 8 January 2025. He has been interim CEO since February 2024. Raulas joined SSH in 2016 and has been a member of the company’s Executive Management Team since 2021 as Head of EMEA Region. Prior to joining SSH, Raulas held international leadership positions in global companies, such as Ahlstrom, Fujitsu-Siemens, Fujitsu and Nokia. He holds a Master of Science degree from the Helsinki School of Economics (currently Aalto University).
Breakeven Date Change • Jan 01Forecast breakeven date pushed back to 2026The analyst covering SSH Communications Security Oyj previously expected the company to break even in 2025. New forecast suggests losses will reduce by 75% per year to 2025. The company is expected to make a profit of €610.0k in 2026. Average annual earnings growth of 109% is required to achieve expected profit on schedule.
お知らせ • Nov 29SSH Communications Security Oyj Announces the Appointment of Pauli Haikonen as the Chief Information Security Officer, Effective December 1, 2024SSH Communications Security Oyj announced the appointment of Pauli Haikonen as the company's Chief Information Security Officer (CISO), effective December 1, 2024. Pauli has been a key part of SSH since 2018, contributing greatly to the development and management of the company’s IT systems. With nearly 20 years of experience in IT and cybersecurity, Pauli brings a wealth of knowledge and expertise that positions him perfectly to lead SSH’s security strategy as it continues to grow and expand in an increasingly complex digital landscape. In his current role, Pauli led the company through the successful process of obtaining ISO 27001 certification, a significant achievement that highlights SSH's commitment to maintaining high standards for information security. This certification demonstrates that the company meets important requirements for protecting data and managing security risks. As CISO, Pauli will be responsible for overseeing the company’s overall approach to cybersecurity, helping to protect both the organization and its clients from the growing risks in the digital world. His leadership will be essential as SSH continues to strengthen its security practices and ensure it remains a reliable partner for businesses seeking secure solutions.
New Risk • Nov 04New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Finnish stocks, typically moving 5.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (5.5% average weekly change). Market cap is less than US$100m (€43.0m market cap, or US$46.8m).
Reported Earnings • Oct 27Third quarter 2024 earnings releasedThird quarter 2024 results: €0.002 loss per share. Revenue: €5.20m (flat on 3Q 2023). Net loss: €100.0k (flat on 3Q 2023). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Software industry in Finland. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings.
New Risk • Oct 25New major risk - Revenue and earnings growthEarnings have declined by 12% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 12% per year over the past 5 years. Minor Risk Market cap is less than US$100m (€48.5m market cap, or US$52.6m).
お知らせ • Sep 27SSH Communications Security Oyj, Annual General Meeting, Mar 25, 2025SSH Communications Security Oyj, Annual General Meeting, Mar 25, 2025. Location: helsinki Finland
お知らせ • Sep 26+ 3 more updatesSSH Communications Security Oyj to Report Fiscal Year 2024 Results on Feb 14, 2025SSH Communications Security Oyj announced that they will report fiscal year 2024 results on Feb 14, 2025
Price Target Changed • Jul 22Price target decreased by 12% to €1.80Down from €2.04, the current price target is provided by 1 analyst. New target price is 42% above last closing price of €1.27. Stock is down 9.6% over the past year. The company is forecast to post a net loss per share of €0.04 next year compared to a net loss per share of €0.10 last year.
Breakeven Date Change • Jul 22Forecast breakeven date pushed back to 2026The analyst covering SSH Communications Security Oyj previously expected the company to break even in 2025. New forecast suggests losses will reduce by 76% per year to 2025. The company is expected to make a profit of €680.0k in 2026. Average annual earnings growth of 104% is required to achieve expected profit on schedule.
お知らせ • Jul 08SSH Communications Security Announces the Release of Version 3.0 of Its Quantum-Safe NQX Communications SolutionSSH Communications Security announced the release of version 3.0 of its quantum-safe NQX communications solution. The new version is more powerful, supports the latest quantum-safe encryption algorithms, and enables customers to manage large numbers of connections between networks, data centers, and factories. The NQX software meets the needs of national security agencies and other organizations as they move vast amounts of data between data centers, industrial environments, branch offices and networks in a quantum-secure fashion. Unlike many competing products, NQX transmits data at high rates even when super secure quantum-safe connections are turned on. The main features of NQX 3.0 are: Quantum-safe key exchange with support for the latest post-quantum cryptography (PQC) key agreement algorithms FrodoKEM and Kyber. Crypto agile design ensures that the latest PQC algorithms can be easily taken into use as they evolve. The solution uses the hybrid approach where classical and quantum-safe algorithms work both in parallel and together. Ethernet support up to 100Gbps for data links between data centers. Modernized management system for more efficient operations of even the most complex network topologies.
分析記事 • Apr 27SSH Communications Security Oyj (HEL:SSH1V) Just Reported Earnings, And Analysts Cut Their Target PriceAs you might know, SSH Communications Security Oyj ( HEL:SSH1V ) recently reported its quarterly numbers. It was a...
Reported Earnings • Apr 24First quarter 2024 earnings: EPS and revenues miss analyst expectationsFirst quarter 2024 results: €0.03 loss per share (in line with 1Q 2023). Revenue: €5.00m (up 4.2% from 1Q 2023). Net loss: €800.0k (loss narrowed 11% from 1Q 2023). Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) also missed analyst estimates by 200%. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Software industry in Finland. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings.
お知らせ • Apr 19SSH Communications Security Oyj Announces Significant Enhancements to the Authentication Capacity of Its Solution Portfolio, the PrivX Zero Trust SuiteSSH Communications Security announced significant enhancements to the authentication capacity of its solution portfolio, the PrivX Zero Trust Suite. PrivX Authorizer, including Device Trust Authorizer, provides more secure authentication for privileged users and their devices. Email phishing is an attack vector that leverages the weaknesses of credential-based authentication and weak MFA solutions. Hence, modern phishing-resistant MFA is needed, and modern SSH MFA solutions provide a powerful way to mitigate phishing attacks on authentication. Strong authentication and just-in-time authorization for super-users: Authentication using off-the-shelf products is enough for standard users. However, there are some critical systems and high-impact operations that require stricter access control and stricter authentication. The users for this are about 1 in 200: super-users or power users, such as administrators and application owners. For these sensitive users, PrivX Authorizer provides a phishing-resistant, biometrics-based advanced MFA that can authenticate the device and the user. The Device Trust solution continuously validates the device's security posture, terminating policy-contravening sessions automatically. Moreover, it can deny access based on anomalous user behavior, location, and time, or require re-authentication. Additionally, PrivX Authorizer will be able to facilitate and approve temporary role requests from other users.
New Risk • Apr 14New major risk - Revenue and earnings growthEarnings have declined by 17% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.1% average weekly change). Earnings have declined by 17% per year over the past 5 years. Minor Risk Market cap is less than US$100m (€54.7m market cap, or US$58.2m).
分析記事 • Mar 04Why We're Not Concerned Yet About SSH Communications Security Oyj's (HEL:SSH1V) 30% Share Price PlungeSSH Communications Security Oyj ( HEL:SSH1V ) shareholders won't be pleased to see that the share price has had a very...
お知らせ • Mar 01SSH Communications Security Corporation Appoints Miikka Sainio to Executive Management TeamCTO Miikka Sainio has been appointed as a member of SSH Communications Security Corporation’s Executive Management Team as of 1 March 2024. Sainio has been working at SSH since 2016 and as CTO he has served since November 2020.
お知らせ • Feb 28SSH Communications Security Oyj Announces CEO ChangesThe Board of Directors of SSH Communications Security Corporation and CEO Teemu Tunkelo have agreed that Tunkelo will leave his position in the company with immediate effect. Tunkelo served as CEO of SSH since March 2020. The recruitment process for a new CEO has been initiated. The Board of Directors of SSH has appointed Rami Raulas as interim CEO of the company. Raulas has been a member of the company’s Executive Management Team since 2021 as Head of EMEA Region and has been with SSH since 2016. Rami holds a Master of Science degree in strategic marketing, business economics, and computer science from Aalto University (previously known as the Helsinki School of Economics).
Price Target Changed • Feb 26Price target decreased by 12% to €1.80Down from €2.04, the current price target is provided by 1 analyst. New target price is 29% above last closing price of €1.40. Stock is down 30% over the past year. The company is forecast to post a net loss per share of €0.03 next year compared to a net loss per share of €0.10 last year.
分析記事 • Feb 25SSH Communications Security Oyj (HEL:SSH1V) Just Reported, And Analysts Assigned A €1.90 Price TargetAs you might know, SSH Communications Security Oyj ( HEL:SSH1V ) last week released its latest full-year, and things...
New Risk • Feb 23New major risk - Revenue and earnings growthEarnings have declined by 15% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 15% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (2.5% increase in shares outstanding). Market cap is less than US$100m (€56.7m market cap, or US$61.4m).
Reported Earnings • Feb 23Full year 2023 earnings released: €0.10 loss per share (vs €0.049 loss in FY 2022)Full year 2023 results: €0.10 loss per share (further deteriorated from €0.049 loss in FY 2022). Revenue: €20.3m (up 5.3% from FY 2022). Net loss: €2.70m (loss widened 41% from FY 2022). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Software industry in Finland. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings.
お知らせ • Feb 06SSH Communications Security Announces Enhancements to SSH Zero Trust SuiteSSH Communications Security announced enhancements to SSH Zero Trust Suite, enabling tight integration for key users accessing critical and sensitive data with Microsoft Entra solutions. SSH Zero Trust Suite and Microsoft Entra allow customers to improve their cybersecurity posture in Identity and Access Management (IAM). This integration streamlines access control to sensitive and critical data. This solution serves SSH's customers in finance, government, retail, and critical infrastructure like factories, airports, container terminals, and electricity and water supplies. PrivX technology protects users' access to critical and sensitive data with tight access control. Most cybersecurity risks are caused by a few users - typically one out of 200 users. Traditional perimeter-based security has become costly and ineffective. Communications security between people, systems, and networks is more important than blocking access with firewalls. PrivX completes Microsoft Entra solutions in environments that require high security. SSH Zero Trust Suite tightens the screws limiting access to the minimum and replaces permanent authorizations with just-in-time and just-enough access. The solution creates an audit trail about who did what, when, with what device, and at what time in which time zone. SSH Zero Trust Suite controls access to critical and sensitive data based on true multi-factor authentication (MFA), replacing traditional unsecure token-based two-factor (2FA) authentications like SMS messages.
分析記事 • Jan 19Why Investors Shouldn't Be Surprised By SSH Communications Security Oyj's (HEL:SSH1V) 28% Share Price SurgeSSH Communications Security Oyj ( HEL:SSH1V ) shares have continued their recent momentum with a 28% gain in the last...
お知らせ • Dec 15+ 4 more updatesSSH Communications Security Oyj to Report Q1, 2024 Results on Apr 24, 2024SSH Communications Security Oyj announced that they will report Q1, 2024 results on Apr 24, 2024
お知らせ • Nov 03SSH Communications Security Oyj Announces the Launch of Secure Messaging 2024, A New Module of Its Secure Collaboration 2024 PlatformSSH Communications Security, announced the launch of Secure Messaging 2024, a new module of its Secure Collaboration 2024 platform. Secure Messaging 2024 is a real-time, modern, secure messaging solution fortifying SSH's overall Zero Trust Suite solutions portfolio. Secure Messaging 2024 addresses compliance and security challenges in business communications. It provides organizations with a solution to fulfill requirements to oversee their employees’ communications with customers. Secure Messaging 2024 helps organizations improve their efficiency and productivity. It offers a variety of features, such as video and voice calling, file sharing, and group chats, that make it easy for employees to communicate, collaborate, and invite external collaborators under the employer’s regulatory supervision requirements. Secure Messaging 2024 provides compliant digital communication for humans: End-to-end encryption: All direct messages and group chats in Secure Messaging 2024 are encrypted, meaning only the sender and recipient can read them. Compliance: Secure Messaging 2024 helps organizations comply with industry regulations, such as NIS2, GDPR, HIPAA, and CCPA. These regulations require organizations to protect sensitive data and record all communications. Auditability: Secure Messaging 2024 provides organizations with a complete audit trail of all communications. This allows organizations to identify any suspicious activity or compliance violations quickly and easily. Data sovereignty: Customers can choose where their data resides (which country, on-premises or in the cloud) and always retain ownership and control of it. Integration with other applications: Secure Messaging 2024 integrates with other SSH products in the Zero Trust portfolio. Unauthorized employee-customer communication is a financial risk for financial institutions: Sharing sensitive, confidential, or secret business data via private messaging apps that aren't recorded can lead to non-compliance and massive fines. Recently, there have been several high-profile cases where financial institutions have been fined billions of dollars for using unauthorized and unrecorded communication channels, such as WhatsApp and Telegram. These channels are not compliant with SEC regulations and well-known business communication tools are increasingly targeted and breached.
Reported Earnings • Oct 26Third quarter 2023 earnings: Revenues miss analyst expectationsThird quarter 2023 results: Revenue: €5.20m (flat on 3Q 2022). Net income: €0 (up €706.8k from 3Q 2022). Profit margin: 0% (up from net loss in 3Q 2022). Revenue missed analyst estimates by 7.1%. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in Finland. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
お知らせ • Oct 26Ssh Communications Security Corporation Provides Sales Guidance for the Year 2023SSH Communications Security Corporation provided sales guidance for the year 2023. For the period, the company expects net sales to grow during 2023 compared to 2022.
New Risk • Oct 25New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.3% per year for the foreseeable future. Minor Risks Share price has been volatile over the past 3 months (6.5% average weekly change). Shareholders have been diluted in the past year (2.4% increase in shares outstanding). Market cap is less than US$100m (€54.0m market cap, or US$57.2m).
New Risk • Oct 06New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Finnish stocks, typically moving 5.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (5.6% average weekly change). Shareholders have been diluted in the past year (2.4% increase in shares outstanding). Market cap is less than US$100m (€54.4m market cap, or US$57.7m).
お知らせ • Jul 22SSH Communications Security Corporation Provides Sales Guidance for the Full Year 2023SSH Communications Security Corporation provided sales guidance for the full year 2023. The company expected net sales to grow during 2023 compared to 2022.
分析記事 • Jul 22Market Participants Recognise SSH Communications Security Oyj's (HEL:SSH1V) RevenuesWhen you see that almost half of the companies in the Software industry in Finland have price-to-sales ratios (or...
Reported Earnings • Jul 20Second quarter 2023 earnings: EPS and revenues miss analyst expectationsSecond quarter 2023 results: €0.03 loss per share (further deteriorated from €0.008 loss in 2Q 2022). Revenue: €4.90m (up 8.9% from 2Q 2022). Net loss: €1.00m (loss widened 233% from 2Q 2022). Revenue missed analyst estimates by 14%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Software industry in Finland. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
お知らせ • Jun 17SSH Communications Security Launches SSH Zero Trust SuiteSSH Communications Security launched SSH Zero Trust Suite, combining SSH’s proven-in-use communications security products into a modern passwordless, keyless, and borderless ecosystem solution and further fortifying solution with quantum-safe capabilities. Borderless means that cybersecurity threat is equal in internet, extranet, and intranet environments. Typical use cases: Sharing sensitive information by email and secure workspaces, Managing access to critical resources and applications, e.g., secure third-party maintenance, Automated inter-application communication, such as automated bank transfers, Encrypted data transfer between data centers Zero Trust Suite manages and access and secrets in communications, ensuring that sensitive information remains secure and accessible only to authorized individuals, also monitoring and auditing who does what and when in the invisible digital world. While Suite supports traditional credential vaulting and rotation, it enables just-in-time authentication between people, applications, systems, networks, and clouds, eliminating the need to use passwords or SSH keys. Modern and easy-to-use solution Organizations can confidently exchange critical data, and Suite's advanced security preserves data confidentiality, audibility, and proper control and monitoring of access. A simple user experience is at the heart of the Zero Trust Suite. Users can enjoy an effortless and smooth authentication and access process. By eliminating passwords and incorporating biometric and other intuitive authentication methods, Suite ensures a user-friendly experience. Cybersecurity needs to be borderless Cyber threats are a global concern. Intranet, extranet, and the internet all have the same cyber threat exposure. Solutions like firewalls or demilitarized zones were designed when borders were assumed.
お知らせ • Jun 07Ssh Launches Openssh Support Service for Multi-Platform Ssh EnvironmentsSSH launched a support service for OpenSSH. As a result, customers benefit from high-quality SSH support services also for the open-source variant of SSH software. OpenSSH will be supported on Windows and Red Hat Linux platforms. The SSH protocol is a secure network protocol used to establish encrypted and secure remote connections and transfer data between different systems. OpenSSH is an open-source implementation of the SSH protocol. It was initially released as a free version of SSH’s Tectia product. As an open-source product, OpenSSH is popular, especially as SSH client software. However, its usage in critical corporate environments has been partly limited due to a lack of high-quality support services or support from a single source for all SSH clients. Without proper support services, customers often invest in in-house OpenSSH expertise, resulting in increased operating costs and challenges in maintaining required service levels. Customers can access the SSH support team with Service Level Agreements like Tectia. Tectia’s R&D team can perform code-level analysis and propose patches to OpenSSH mainline or platform administrators. Customers benefit from single source support both for Tectia and OpenSSH products from experienced SSH technical support. Additional SSH Professional Services are also available, as well as other products in the SSH Zero Trust Suite portfolio.
お知らせ • May 18SSH Communications Security Oyj Announces Member of the Board of Directors, Sampo Kellomäki, Has Passed AwaySSH Communications Security Oyj's member of the board of directors, Sampo Kellomäki, passed away from a serious illness on 16 May 2023. Sampo has been a board member of SSH Communications Security since 2020.
分析記事 • May 06Is SSH Communications Security Oyj (HEL:SSH1V) A Risky Investment?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Breakeven Date Change • Apr 30Forecast breakeven date pushed back to 2024The analyst covering SSH Communications Security Oyj previously expected the company to break even in 2023. New forecast suggests the company will make a profit of €1.00m in 2024. Average annual earnings growth of 80% is required to achieve expected profit on schedule.
Reported Earnings • Apr 28First quarter 2023 earnings released: €0.03 loss per share (vs €0.01 loss in 1Q 2022)First quarter 2023 results: €0.03 loss per share (further deteriorated from €0.01 loss in 1Q 2022). Revenue: €4.80m (up 9.1% from 1Q 2022). Net loss: €900.0k (loss widened €800.0k from 1Q 2022). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Software industry in Finland. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth.
Breakeven Date Change • Apr 27The analyst covering SSH Communications Security Oyj previously expected the company to break even in 2023. New forecast suggests the company will make a profit of €400.0k in 2023. Earnings growth of 1.9% is required to achieve expected profit on schedule.
Reported Earnings • Feb 27Full year 2022 earnings released: €0.013 loss per share (vs €0.088 loss in FY 2021)Full year 2022 results: €0.013 loss per share (improved from €0.088 loss in FY 2021). Revenue: €19.3m (up 21% from FY 2021). Net loss: €500.0k (loss narrowed 86% from FY 2021). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in Finland. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Jan 13SSH Communications Security Appoints Michael Kommonen as New Member of the Executive Management Team, Effective March 1, 2023SSH Communications Security announced Michael Kommonen has been appointed as the new member of the Executive Management Team. Mr. Kommonen will take up his new position on March 1, 2023, at the latest. He joins the company from AbbVie, where he holds the position of Business Finance Manager. Mr. Kommonen has diverse experience in various analyst and controller positions in large companies such as Oriola, Novo Nordisk, and Schindler.
お知らせ • Jan 12SSH Communications Security Appoints Michael Kommonen as CFO, Effective March 1, 2023SSH Communications Security announced Michael Kommonen has been appointed as the new CFO of the company and a member of the executive management team. Mr. Kommonen will take up his new position on March 1, 2023, at the latest. He joins the company from AbbVie, where he holds the position of Business Finance Manager. Mr. Kommonen has diverse experience in various analyst and controller positions in large companies such as Oriola, Novo Nordisk, and Schindler.
お知らせ • Dec 15+ 2 more updatesSSH Communications Security Oyj to Report Nine Months, 2023 Results on Oct 25, 2023SSH Communications Security Oyj announced that they will report nine months, 2023 results on Oct 25, 2023
Price Target Changed • Nov 16Price target decreased to €2.40Down from €2.80, the current price target is provided by 1 analyst. New target price is 32% above last closing price of €1.82. Stock is down 30% over the past year. The company is forecast to post earnings per share of €0 next year compared to a net loss per share of €0.088 last year.
Board Change • Nov 16Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Sampo Kellomaki is the most experienced director on the board, commencing their role in 2020. Independent Director Christian Fredrikson was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.
分析記事 • Oct 25Is SSH Communications Security Oyj (HEL:SSH1V) Potentially Undervalued?SSH Communications Security Oyj ( HEL:SSH1V ), might not be a large cap stock, but it saw a decent share price growth...
Buying Opportunity • Sep 05Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 18%. The fair value is estimated to be €2.43, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 32%.
Breakeven Date Change • Jul 26Forecast breakeven date pushed back to 2023The analyst covering SSH Communications Security Oyj previously expected the company to break even in 2022. New forecast suggests losses will reduce by 88% to 2022. The company is expected to make a profit of €1.70m in 2023. Average annual earnings growth of 113% is required to achieve expected profit on schedule.
Reported Earnings • Jul 22Second quarter 2022 earnings released: €0.01 loss per share (vs €0.03 loss in 2Q 2021)Second quarter 2022 results: €0.01 loss per share (up from €0.03 loss in 2Q 2021). Revenue: €4.50m (up 36% from 2Q 2021). Net loss: €300.0k (loss narrowed 63% from 2Q 2021). Over the next year, revenue is forecast to grow 31%, compared to a 18% growth forecast for the industry in Finland. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings.
分析記事 • May 20SSH Communications Security Oyj (HEL:SSH1V) Has Debt But No Earnings; Should You Worry?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Breakeven Date Change • Apr 27Forecast breakeven date moved forward to 2022The analyst covering SSH Communications Security Oyj previously expected the company to break even in 2023. New forecast suggests the company will make a profit of €700.0k in 2022. Earnings growth of 93% is required to achieve expected profit on schedule.
