Before the beginning of trading today, investors could do well to take a look into the announcement made by High Wire Networks Inc. (OTC: HWNI) yesterday. The MSSP (managed security service provider) leader came into focus on Thursday after it made an announcement about landing a Cyber Advisor consulting client.
First Client for the Category
In the news release from High Wire Networks yesterday, the company announced that bagging the client was a significant new milestone since it reinforced its decision to expand its offerings and provide cyber service meant for strengthening its diverse managed security services portfolio. More importantly, the client who signed up for the services was described as a conglomerate worth several billion dollars involved in a range of privately owned businesses. The client’s headquarters are located in the United States, High Wire Networks revealed.
Further Information
The company went on to note that as part of the contract, the client would be provided with custom-made cybersecurity expertise so as to ensure that the security policies remained in alignment with the best practices in the industry. It may be a good time to add High Wire Networks to your watch lists.
CEO Quote
Ed Vasko, CEO of High Wire—Overwatch, commented, “We are thrilled to announce our first Cyber Advisory consulting engagement with such a distinguished and diverse organization. This collaboration highlights the growing demand for specialized cybersecurity expertise, and we’re excited to provide the high-level advisory support that enables our clients to meet their cybersecurity objectives. Our cyber subject matter experts bring deep experience across various industries, and we’re proud to help this global leader strengthen its security strategy.”
Fundamentals
| P/E Ratio | -0.8700 |
| PEG Ratio | 0.07 |
| Price to Book | -0.34 |
| Price to Cash Flow | – |
| Price to Free Cash Flow | – |
| Total Sales (TTM) | 16.51 M |
| Revenue per Share (TTM) | 0.07 |
| Shares Outstanding | 251.151 M |
| Share Float (%) | 250.71 M (99.82%) |
| % Held by Institutions | 6.39 |
