BUZZ-Australia's AUCyber hits record low as CEO resigns, co withdraws outlook

Reuters
04 Dec 2024
BUZZ-Australia's AUCyber hits record low as CEO resigns, co withdraws outlook

** Shares of cyber security provider AUCyber CYB.AX fall as much as 45% to A$0.11, reaching an all-time low

** Co's CEO Peter Maloney has tendered resignation

** Co has missed revenue expectations for 4 months leading to October and has withdrawn FY25 EBITDA and revenue outlook

** 871,957 shares change hands, compared with the 30-day average volume of 46,474

** Stock has fallen 64.8% this year as of last close

(Reporting by Nichiket Sunil in Bengaluru)

((Nichiket.Sunil@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10