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    CLAV   SE0005308558

CLAVISTER HOLDING AB (PUBL.)

(CLAV)
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Delayed Nasdaq Stockholm  -  05/19 10:33:07 am EDT
4.200 SEK   -2.33%
05/17Information from Annual General Meeting held on 17 May 2022 in Clavister Holding AB
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05/12TRANSCRIPT : Clavister Holding AB (publ.), Q1 2022 Earnings Call, May 12, 2022
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05/12CLAVISTER Q1 2022 : Recurring Revenue Growth of 15%
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Partnership with Nokia Helps Clavister Expand in Australia

01/19/2022 | 04:01am EDT

January 19, 2022 – Örnsköldsvik, SwedenClavister, a leader in European carrier-grade cybersecurity solutions for mission-critical applications, today announced an order intake from a Railway Infrastructure company in Australia.

Clavister has been a long-term partner of Nokia and its solutions have been an essential part of Nokia’s cyber security portfolio, especially within Managed Security Services (MSS) and Extended Detection and Response (XDR) solution sets. This strong partnership has now enabled enrolling one more major customer in Australia. The order, worth close to 2MSEK, will provide comprehensive network protection for both North/South and East/West traffic and secure access from non-compliant or unauthorised attempts.

Digital transformation and connected devices are touching every aspect of our lives and businesses alike and railway infrastructure is not untouched by it either. The modern infrastructure is safer, more operationally efficient and provides an enhanced experience to passengers. However, as it is more connected, it increases the vulnerability surface for cyber threats. Nokia has a comprehensive suite of ‘Cyber Security for Railways’ with proven expertise in securing digital age railways. It includes a telecom grade NetGuard Virtual Firewall (NVFW), built on a Clavister’s technology that delivers extreme performance, making it the fastest virtual security gateway on the market today. As part this new contract win, Nokia and Clavister will deliver advanced security features including traffic filtration between trackside equipment and core network, elastic capacity management and a throughput-based license model. The customer will also benefit from centralised management and advance routing capabilities.

“As railway sector adopts new-age technologies, cyber security becomes a necessary component of various railway businesses, said John Vestberg, Clavister CEO. “Nokia and Clavister are working hand in hand to offer security solutions to keep trains running on time and to ensure passengers arrive at their destinations safe and satisfied. We welcome our new customer in Australia and we aim to implement a security zone boundary to keep their railway network infrastructure safe and secure. Our joint solution also addresses regulatory and compliance requirements. “

© Modular Finance, source Nordic Press Releases

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Financials
Sales 2021 129 M 13,0 M 13,0 M
Net income 2021 -84,0 M -8,47 M -8,47 M
Net Debt 2021 185 M 18,7 M 18,7 M
P/E ratio 2021 -2,78x
Yield 2021 -
Capitalization 237 M 23,9 M 23,9 M
EV / Sales 2021 3,29x
EV / Sales 2022 3,36x
Nbr of Employees 133
Free-Float 84,1%
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Number of Analysts 0
Last Close Price 4,20 SEK
Average target price 10,00 SEK
Spread / Average Target 138%
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Managers and Directors
John Vestberg President & Chief Executive Officer
David Nordstr÷m Chief Financial Officer
Jan Magnus Frykhammar Chairman
Nils UndÚn Vice President-Engineering
Carl Staffan Dahlstr÷m Independent Director
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