CynergisTek (NYSEAMERICAN:CTEK) has signed a service contract with a care organization. It has worked with the client since 2015. The agreement expands on their partnership to offer CynergisTek’s Resilience Partner Program (RPP).
Trading Data
On Friday, CTEK stock fell 3.36% to $1.44 with 551K shares, compared to its average volume of 125K shares. The stock has moved within a range of $1.3500 – 1.6470 after opening trade at $1.49.
CynergisTek Finishes Year Strong, Closes Largest 2-Year Managed Service Contract for 2021
According to the President and CEO of CynergisTek, Mac MacMillan, the company is excited to announce that it has expanded a multi-year contract with a six-year partner. The contract is the company’s largest in 2021. Moreover, it shows the company’s commitment to giving partnered services such as compliance, privacy, and cybersecurity.
In addition, the RPP enables CynergisTek to tailor its services to its clients’ needs. As per the program, the company will provide security control validation, technical testing, and yearly risk assessment services. As a result, the healthcare organization could focus on risk and develop a daily strategy to deal with risk.
CynergisTek is a leading cybersecurity firm that helps companies that face high regulations such as finance, government, and healthcare to deal with privacy and security issues. The company ensures its clients are prepared and rehearsed against threats.
CynergisTek has been working since 2004 to help these companies solve security problems.
Key Quote
“We are pleased to announce that our company has just expanded our relationship with a client who we have worked with for the last six years, signing the largest multiyear contract of 2021,” said Mac McMillan, CEO, and President at CynergisTek. “This agreement represents our focus on our client relationships that build a strong renewal pipeline and represents the value we give our clients as the trusted partner for their cybersecurity, privacy, and compliance needs year in and year out,” he says. CynergisTek finishes Q4 by exceeding its goal for sales and posting the best annual bookings performance in the past three years.
Technical Data
CTEK stock is trading below the 20-Day and 50-Day Moving averages of $1.43 and $1.55 respectively. Moreover, the stock is below 200-Day moving average of $1.85.
