Cycurion (NASDAQ:CYCU) Board Announces Stock Repurchase Plan

Cycurion (NASDAQ:CYCU) announced that its board has authorized a stock repurchase plan on Monday, August 17th, RTT News reports. The company plans to repurchase $500.00 billion in shares. This repurchase authorization authorizes the company to buy up to 6,361,323.2% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on CYCU shares. Wall Street Zen raised Cycurion from a “strong sell” rating to a “hold” rating in a research note on Saturday, May 23rd. Weiss Ratings cut Cycurion from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, August 6th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $7.00.

Cycurion Stock Performance

Shares of NASDAQ CYCU traded up $0.05 during midday trading on Monday, reaching $0.73. The company’s stock had a trading volume of 10,466,674 shares, compared to its average volume of 53,254,376. The stock has a market capitalization of $8.39 million, a P/E ratio of -0.10 and a beta of 0.97. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.31 and a quick ratio of 0.31. The firm has a 50 day moving average price of $0.59 and a 200-day moving average price of $1.06. Cycurion has a 12-month low of $0.26 and a 12-month high of $15.88.

Cycurion (NASDAQ:CYCU) last released its earnings results on Friday, August 14th. The company reported ($0.41) EPS for the quarter, topping analysts’ consensus estimates of ($0.56) by $0.15. The company had revenue of $3.76 million for the quarter. Cycurion had a negative return on equity of 103.60% and a negative net margin of 98.83%. As a group, equities analysts predict that Cycurion will post -2.34 earnings per share for the current year.

Cycurion Company Profile

Cycurion is a global leading provider of Network Communications and Information Technology Security Solutions. Our mission is to develop and deliver world-class, cutting-edge solutions for our clients, regardless of size or complication, expressly optimizing your IT environment to meet the business need and to keep projects on track and on budget.