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CY4Gate SpA
(CY4)
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Rating:61Neutral
Price Target:
€9.50
▲(1.93% Upside)
Action:Reiterated
Date:06/16/26
The score is primarily supported by improved financial stability (low leverage and positive free cash flow) and strong technical strength (price above major moving averages with positive MACD). These positives are tempered by continued net losses (negative P/E and negative ROE), which weigh on valuation and earnings quality.
Positive Factors
Revenue Growth
Sustained revenue expansion indicates ongoing demand for CY4Gate’s cybersecurity and cyber-intelligence offerings. Continued growth can improve operating leverage and strengthen the company’s position with institutional and enterprise customers.
Negative Factors
Persistent Net Losses
Persistent losses indicate that CY4Gate has not yet converted revenue growth into durable bottom-line profitability. Negative EBIT and net income suggest operating costs and non-cash charges continue to weigh on earnings quality and returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained revenue expansion indicates ongoing demand for CY4Gate’s cybersecurity and cyber-intelligence offerings. Continued growth can improve operating leverage and strengthen the company’s position with institutional and enterprise customers.
Read all positive factors
CY4Gate SpA (CY4) vs. iShares MSCI Italy ETF (EWI)
Market Cap
€216.86M
Dividend YieldN/A
Average Volume (3M)93.01K
Price to Earnings (P/E)―
Beta (1Y)0.65
Revenue Growth36.99%
EPS Growth-35.05%
CountryIT
Employees518
SectorTechnology
Sector Strength88
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)-0.50
Shares Outstanding23,571,428
10 Day Avg. Volume148,367
30 Day Avg. Volume93,014
Financial Highlights & Ratios
PEG Ratio0.00
Price to Book (P/B)1.24
Price to Sales (P/S)1.53
P/FCF Ratio6.67
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-0.02
Revenue Forecast (FY)€110.25M
CY4Gate SpA Business Overview & Revenue Model
Company Description
Cy4gate S.p.A. designs, develops, and produces technologies, products, systems, and services for cyber intelligence and cyber security needs for the companies, institutions, law enforcement agencies, and armed forces in Italy and internationally. ...
How the Company Makes Money
CY4Gate makes money primarily by selling and supporting its cybersecurity and cyber-intelligence software platforms and by providing related services to customers. Key revenue streams typically include: (1) Software/platform revenues: fees from li...
CY4Gate SpA Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
72
Positive
Cash Flow
63
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 78.86M | 68.40M | 68.14M | 56.45M | 16.56M |
| Gross Profit | -5.89M | 47.28M | 11.89M | 14.97M | 8.74M |
| EBITDA | 5.51M | 11.87M | 8.66M | 12.32M | 7.96M |
| Net Income | -7.13M | -7.40M | -8.90M | 2.47M | 5.19M |
Balance Sheet | |||||
| Total Assets | 184.07M | 190.57M | 178.85M | 172.25M | 41.28M |
| Cash, Cash Equivalents and Short-Term Investments | 18.67M | 15.34M | 18.36M | 21.05M | 2.30M |
| Total Debt | 5.11M | 42.76M | 32.58M | 18.63M | 4.01M |
| Total Liabilities | 84.33M | 88.28M | 67.72M | 49.71M | 11.02M |
| Stockholders Equity | 97.34M | 99.10M | 108.55M | 121.12M | 30.25M |
Cash Flow | |||||
| Free Cash Flow | 18.10M | -3.95M | -1.59M | -9.30M | -7.54M |
| Operating Cash Flow | 29.17M | 11.78M | 20.46M | 1.35M | -497.92K |
| Investing Cash Flow | -12.66M | -21.59M | -26.07M | -84.52M | -7.94M |
| Financing Cash Flow | -8.06M | 6.79M | 3.29M | 97.29M | 758.21K |
CY4Gate SpA Technical Analysis
Positive
9.32
Price Trends
9.60
Negative
8.98
Positive
8.23
Positive
Market Momentum
-0.11
Positive
44.38
Neutral
18.54
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IT:CY4, the sentiment is Positive. The current price of 9.32 is below the 20-day moving average (MA) of 9.72, below the 50-day MA of 9.60, and above the 200-day MA of 8.23, indicating a neutral trend. The MACD of -0.11 indicates Positive momentum. The RSI at 44.38 is Neutral, neither overbought nor oversold. The STOCH value of 18.54 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IT:CY4.
CY4Gate SpA Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
61 Neutral | €216.86M | -28.98 | -7.61% | ― | 36.99% | -35.05% | |
46 Neutral | €688.38M | -8.72 | -15.09% | ― | -11.84% | -2033.56% | |
45 Neutral | €690.01M | 85.38 | 43.87% | 0.99% | -2.05% | -11.70% |
* Technology Sector Average
IT:CY4
CY4Gate SpA
9.30
4.19
82.00%
IT:TNXT
Tinexta SpA
15.00
0.35
2.39%
IT:WIIT
WIIT SpA
28.15
8.84
45.81%
IT:CYB
Cyberoo S.p.A.
1.26
-0.57
-30.96%
IT:DHH
DHH S.p.A
26.40
6.00
29.41%
IT:NRST
Neurosoft S.A.
0.63
-0.21
-25.00%
CY4Gate SpA Corporate Events
CY4Gate wins €4.5 million in Decision Intelligence and Cyber Security contracts
Jul 22, 2026
CY4Gate has secured new contracts worth about €4.5 million from leading institutional bodies and national corporations for technologies and services in Decision Intelligence and Cyber Security. The deals will generate revenue in the current ...
CY4GATE Wins €7 Million Decision Intelligence Contracts with Institutional Clients
Jun 23, 2026
CY4GATE Group has secured new contracts worth about €7 million over the past two months with Italian and foreign institutional clients for its decision intelligence technologies and services, with agreements running through 2026. The deals u...
CY4Gate Wins €7 Million Decision Intelligence Contracts with Institutional Clients
Jun 23, 2026
CY4Gate Group, a European cyber security and cyber intelligence player, has secured around €7 million in new contracts over the past two months to supply its proprietary decision intelligence technologies to key Italian and foreign instituti...
CY4Gate wins €9 million European decision intelligence contract
Jun 4, 2026
CY4Gate S.p.A., the Italian cyber security and cyber intelligence group listed on Euronext Milan’s STAR segment, develops proprietary platforms for decision intelligence, data analysis and cyber defence aimed at law enforcement, defence, ins...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.