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SSH Communications Security: Q2’21, Initial Take - Redeye

Redeye has a favorable view of SSH’s Q2 report – dominated by product development, operational milestones, and the consolidation of Deltagon. We anticipated a somewhat better top line, falling short of expectations. On a positive note, the company’s EBITDA was in the black. We expect to see a strong H2’21, and our fair value base case remains unchanged.

Redeye has a favorable view of SSH’s Q2 report – dominated by product development, operational milestones, and the consolidation of Deltagon. We anticipated a somewhat better top line, falling short of expectations. On a positive note, the company’s EBITDA was in the black. We expect to see a strong H2’21, and our fair value base case remains unchanged.
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