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MarketScreener Homepage  >  Equities  >  Italian Stock Exchange  >  Leonardo S.p.A.    LDO   IT0003856405

LEONARDO S.P.A.

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Leonardo S p A : Italy's Leonardo signs software deal to tackle homeworking cyber threats

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07/29/2020 | 02:50pm EDT

MILAN, July 29 (Reuters) - Italian defence group Leonardo is expanding its cybersecurity offerings in partnership with a specialist Californian software company, looking to tap into increased security issues raised by the growth of home working during the COVID-19 crisis.

The group said on Wednesday it had signed a deal with Nasdaq-listed Crowdstrike for the latter's Falcon platform which is designed to detect hacking and other cybersecurity threats on a company's computers at an early stage.

Leonardo, cybersecurity partner of NATO, said the partnership would allow it to be even more rapid in the detection of and response to a malicious attack suffered by one of its clients.

As in other countries, major companies in Italy have allowed employees to work remotely during the pandemic.

"As businesses throughout the globe have transitioned employees to remote work and moved more of their operations outside corporate offices, security gaps in corporate networks have been exposed," Leonardo said in a statement.

Crowdstrike's products will combine well Leonardo's network of security professionals and the expertise developed in its cybersecurity operation centres, the Italian company said. (Reporting by Francesca Landini Editing by James Mackenzie and David Holmes)


Stocks mentioned in the article
ChangeLast1st jan.
CROWDSTRIKE HOLDINGS, INC. -2.76% 123.84 Delayed Quote.148.33%
LEONARDO S.P.A. -0.51% 4.088 Delayed Quote.-60.88%
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Financials
Sales 2020 13 530 M 15 756 M 15 756 M
Net income 2020 368 M 428 M 428 M
Net Debt 2020 3 179 M 3 702 M 3 702 M
P/E ratio 2020 6,30x
Yield 2020 3,28%
Capitalization 2 351 M 2 739 M 2 737 M
EV / Sales 2020 0,41x
EV / Sales 2021 0,38x
Nbr of Employees 49 733
Free-Float 69,3%
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Mean consensus OUTPERFORM
Number of Analysts 16
Average target price 8,27 €
Last Close Price 4,09 €
Spread / Highest target 189%
Spread / Average Target 102%
Spread / Lowest Target 32,1%
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Managers
NameTitle
Alessandro Profumo Chief Executive Officer & Director
Luciano Carta Chairman
Alessandra Genco Chief Financial Officer & Vice President
Roberto Cingolani Chief Technology & Innovation Officer
Dario Frigerio Lead Independent Director
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