SSH Communications Security as an investment target

Roni has published a new company report on SSH :slight_smile:

SSH issued a negative profit warning on Tuesday, stating that this year’s EBITDA will remain negative due to delayed customer orders. The profit warning led to only minor cuts in our growth forecasts, but at the same time, we raised our cost forecasts significantly. We do not see great drama in the profit warning, but uncertainty regarding the growth outlook increased slightly, and reflecting this, the share’s risk-reward ratio is still not attractive despite the price drop. We are lowering our target price to 1.9 euros (previously 2.0 euros), but raising our recommendation to reduce (previously sell).

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