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SSH Communications Security

2.18 EUR+7.92 %25.9, 17.29
4,697 following

SSH1V

NASDAQ Helsinki

IT Services

Technology

Overview
Financials & Estimates
Investor views
Compare
+7.92 %
+20.31 %
+9.22 %
+4.81 %
-30.79 %
-45.09 %
+59.12 %
-6.84 %
-85.32 %

SSH Communications Security operates in the IT sector. The company specializes in the area of security solutions. The software solutions are delivered via the cloud-based system and are mainly focused on encryption, file management, as well as consulting and support for various IT environments. The operations are conducted on a global level with subsidiaries throughout Europe, North America and Asia. The headquarters are located in Helsinki.

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Market cap
119.05M EUR
Turnover
118.97K EUR
P/E (adj.) (26e)
-28.41
EV/EBIT (adj.) (26e)
-34.66
EV/S (26e)
5.07
Dividend yield-% (26e)
-
Coverage
Recommendation
Reduce
Target price
1.90 EUR
Updated
23.09.2026
Disclaimer
Roni Peuranheimo
Roni Peuranheimo

Analyst

Latest research

Latest analysis report

Released: 24.09.2026

Revenue and EBIT-%
EPS and dividend
Financial calendar
Risk
Business risk
Valuation risk
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Forum discussions
One of the world’s largest banks chose SSH Communications Security’s PrivX solution to implement Zero Trust and Zero Standing Access Yksi maailman suurimmista pankeista valitsi SSH Communications Securityn PrivX-ratkaisun Zero Trustin ja Zero Standing Accessin toteuttamiseksi | Kauppalehti
9/7/2026, 1:19 PM
by JR-65
19
Today was Redeye’s Cyber Security Day, where Rami naturally represented SSH: Redeye Theme: Cyber Security - Redeye A good, concise presentation with a couple of takeaways. Around 1:20, when talking about post-quantum cryptography algorithms (PQC), Rami showed the audience a box, ...
9/16/2026, 1:36 PM
by Von Wangell
17
Here are Roni’s comments on this recent contract secured by SSH SSH announced on Monday that it has signed a three-year contract worth an estimated nearly EUR 3 million for its PrivX solution with one of the world’s largest banks. The order is significant on the company’s scale, ...
9/8/2026, 5:05 AM
by Sijoittaja-alokas
6
Probably Vesa Puttonen’s purchases had an effect too? Came along with almost 50k shares.
9/3/2026, 12:29 PM
by Pyylevä
4
Roni has published a new company report on SSH SSH issued a negative profit warning on Tuesday, stating that this year’s EBITDA will remain negative due to delayed customer orders. The profit warning led to only minor cuts in our growth forecasts, but at the same time, we raised ...
9/24/2026, 5:26 AM
by Sijoittaja-alokas
3
Good thing you’re speaking up and correcting misconceptions. I had to listen to that latest interview again, and sure enough, PSN was mentioned there as well. It just hadn’t stuck in my head, but now, after the refresher, that session left an even more positive impression than before...
9/18/2026, 12:15 PM
by Von Wangell
3
Allow me to chime in here. That box is SSH’s Network Encryptor NQX, which uses third-party hardware as the physical equipment. And indeed, the integration of SSH’s products into, among other things, new-generation fighter jets is a project that has been known since the beginning ...
9/18/2026, 10:09 AM
by Roni Peuranheimo
3
Read more on our forum
Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
28.10
2026

Business review Q3'26

SSH: Ordre blev forsinket, værdiansættelsen blev mere moderat
Research24.09.2026, 07.00 by
Roni Peuranheimo

SSH: Ordre blev forsinket, værdiansættelsen blev mere moderat

SSH udsendte tirsdag en nedjustering, hvorefter det aktuelle års EBITDA vil forblive negativt på grund af forsinkede kundebestillinger.

SSH Communications Security
Press release23.09.2026, 11.14

Redeye: SSH: Another Mild Profit Warning

SSH Communications Security
SSH's EBITDA dykker i rødt som følge af investeringer og forsinkede kundebestillinger
Analyst Comment23.09.2026, 06.40 by
Roni Peuranheimo

SSH's EBITDA dykker i rødt som følge af investeringer og forsinkede kundebestillinger

SSH udsendte i går morges en nedjustering.

SSH Communications Security

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Regulatory press release22.09.2026, 20.40

Inside information, profit warning: SSH Communications Security Corporation revises its 2026 EBITDA guidance; net sales and cash flow guidance remains unchanged.

SSH Communications Security
SSH: Gode nyheder, for høj pris
Research09.09.2026, 07.00 by
Roni Peuranheimo

SSH: Gode nyheder, for høj pris

Vi har foretaget mindre opjusteringer af vores estimater for SSH som følge af en væsentlig ordre, som selskabet har meddelt.

SSH Communications Security
Press release08.09.2026, 15.00

Redeye: SSH Communications: Global bank deal once again validates PrivX at scale

SSH Communications Security
Betydende treårig ordre på 3 MEUR til SSH
Analyst Comment08.09.2026, 06.50 by
Roni Peuranheimo

Betydende treårig ordre på 3 MEUR til SSH

Handlen understøtter vores vækstestimater for de kommende år rigtig godt.

SSH Communications Security
Regulatory press release07.09.2026, 15.15

One of the world's largest banks selects SSH Communications Security's PrivX solution to implement Zero Trust with Zero Standing Access

SSH Communications Security
Regulatory press release04.09.2026, 12.30

SSH Communications Security Oyj - Managers' Transactions

SSH Communications Security
Ny administrerende direktør udnævnt for SSH
Analyst Comment04.09.2026, 06.49 by
Roni Peuranheimo

Ny administrerende direktør udnævnt for SSH

Lars Bellins stærke kommercielle baggrund modsvarer behovet for at accelerere SSH’s vækst.

SSH Communications Security
Press release03.09.2026, 14.25

Redeye: SSH Communications: New CEO Confirmed

SSH Communications Security
Regulatory press release03.09.2026, 12.00

Lars Bell appointed as CEO of SSH Communications Security Corporation

SSH Communications Security
Regulatory press release02.09.2026, 09.30

SHARE SUBSCRIPTIONS WITH SSH COMMUNICATIONS SECURITY CORPORATION´S STOCK OPTIONS

SSH Communications Security
Press release26.07.2026, 13.26

Redeye: SSH (Q2 Review): Growth Reaccelerates as Leadership Transitions

SSH Communications Security
Press release26.07.2026, 13.23

Redeye: SSH Communications Security (Q2 Interview): Accelerating PrivX growth

SSH Communications Security
SSH Q2'26: Forventet tilbagevenden til vækst
Research20.07.2026, 07.10 by
Roni Peuranheimo

SSH Q2'26: Forventet tilbagevenden til vækst

SSH's Q2 udviklede sig stort set i tråd med vores estimater, og selskabet vendte tilbage til vækst efter to svage kvartaler.

SSH Communications Security
Regulatory press release17.07.2026, 08.00

SSH COMMUNICATIONS SECURITY CORPORATION'S INTERIM REPORT, JANUARY 1 – JUNE 30, 2026

SSH Communications Security
Regulatory press release17.07.2026, 07.55

CEO transition: Rami Raulas to retire; Board of Directors initiates search for a successor

SSH Communications Security
SSH Q2'26 preview: Forventer tilbagevenden til vækst
Analyst Comment15.07.2026, 06.40 by
Roni Peuranheimo

SSH Q2'26 preview: Forventer tilbagevenden til vækst

Vi estimerer, at væksten i abonnementssalget vil vende omsætningen til en stigning efter to kvartaler med fald.

SSH Communications Security
Press release14.07.2026, 09.30

SSH Communications Security’s PrivX Named an Overall Leader in KuppingerCole Analyst’s 2026 Leadership Compass for Privileged Access Management

SSH Communications Security