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SSH Communications Security

1.87 EUR+0.75 %6.11, 17.29
4,703 following

SSH1V

NASDAQ Helsinki

IT Services

Technology

Overview
Financials & Estimates
Short Selling
Investor views
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+0.75 %
-8.91 %
+7.59 %
-17.17 %
-40.57 %
-46.21 %
+30.91 %
-27.16 %
-87.39 %

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
102.23M EUR
Turnover
15.54K EUR
P/E (adj.) (26e)
-25.68
EV/EBIT (adj.) (26e)
-30.38
EV/S (26e)
4.33
Dividend yield-% (26e)
-
Coverage
Recommendation
Reduce
Target price
1.90 EUR
Updated
28.10.2026
Disclaimer
Roni Peuranheimo
Roni Peuranheimo

Analyst

Latest research

Latest analysis report

Released: 29.10.2026

Revenue and EBIT-%
EPS and dividend
Financial calendar
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Business risk
Valuation risk
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Forum discussions
ssh.com SSH Pörssitiedotteet SSH Communications Security Oyj | Stock Exchange Release | 5 Nov 2026 at 10:00:00 EET SSH Communications Security Oyj (“SSH”) will redeem all of its outstanding hybrid bond notes, with an aggregate nominal value of EUR 440,000, on 15 December 2026. Now...
yesterday
9
Rami in action regarding Redeye’s Defence & Space day: https://www.redeye.se/events/1145884/redeye-theme-defence-space?tab=schedule SSH’s segment starts around 5:40. Lots of talk about PQC and satellites. Strict regulations from the US GSA regarding the transition to quantum-safe...
11/4/2026, 4:03 PM
by Von Wangell
5
Tässä on Ronin kommentit siitä, miten SSH lunastaa lobut hybridilainastaan Inderes – 6 Nov 26 SSH lunastaa loput hybridilainastaan - Inderes Hybridilainan loppuosan lunastus poistaa tasetta rasittaneen kalliin rahoituksen.
20 hours ago
by Sijoittaja-alokas
3
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
Roni interviewed SSH CEO Lars Bell regarding the Q3 results. Topics: (00:00) Introduction (00:16) The new CEO introduces himself (01:45) First observations about the company (04:13) Achieving commercial success (05:35) The profit warning issued (07:42) Order delays (08:46) EUR 3 ...
10/28/2026, 3:15 PM
by Sijoittaja-alokas
2
Read more on our forum
Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
18.2
2027

Annual report '26

25.3
2027

General meeting '27

27.4
2027

Business review Q1'27

SSH to redeem the remainder of its hybrid loan
Analyst Comment06.11.2026, 06.40
by Roni Peuranheimo

SSH to redeem the remainder of its hybrid loan

The redemption of the remainder of the hybrid loan removes the expensive financing that has weighed on the balance sheet.

SSH Communications Security
Regulatory press release05.11.2026, 09.00

SSH Communications Security Corporation to redeem the remaining EUR 0.44 million of its 2015 hybrid notes

SSH Communications Security
Regulatory press release02.11.2026, 12.00

SSH Communications Security Oyj - Managers' Transactions

SSH Communications Security

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Regulatory press release02.11.2026, 12.00

SSH Communications Security Oyj - Managers' Transactions

SSH Communications Security
Regulatory press release30.10.2026, 13.30

SSH Communications Security Oyj - Managers' Transactions

SSH Communications Security
Press release29.10.2026, 12.18

Redeye: SSH (Q3 Review): Privileged Growth

SSH Communications Security
SSH Q3'26: Acceleration in subscription sales growth
Research29.10.2026, 14.13
by Roni Peuranheimo

SSH Q3'26: Acceleration in subscription sales growth

While growth was moderate as expected following the September profit warning, the ARR level saw good anticipated growth, driven by the major deal with a bank announced in September.

SSH Communications Security
SSH Q3'26: Agentic AI offers growth opportunities16:25
Video28.10.2026, 13.55
by Roni Peuranheimo

SSH Q3'26: Agentic AI offers growth opportunities

SSH's revenue grew by 5.3% year-on-year. The main growth driver, as in the previous quarter, was PrivX, whose order-based ARR grew by 33.9%.

SSH Communications Security
Regulatory press release28.10.2026, 08.00

SSH COMMUNICATIONS SECURITY CORPORATION'S BUSINESS REVIEW JULY - SEPTEMBER 2026 (Q3/26)

SSH Communications Security
Regulatory press release27.10.2026, 11.30

FINANCIAL REPORTING OF SSH COMMUNICATIONS SECURITY CORPORATION IN 2027

SSH Communications Security
Press release23.10.2026, 14.47

Redeye: SSH (Q3 Preview): A Soft Quarter Expected, Focus on Order Timing

SSH Communications Security
Press release21.10.2026, 08.00

INVITATION TO AN INVESTOR CALL ON SSH COMMUNICATIONS SECURITY CORPORATION'S BUSINESS REVIEW, JULY 1 – SEPTEMBER 30, 2026

SSH Communications Security
SSH Q3'26 preview: Order delays limit acceleration in growth
Analyst Comment20.10.2026, 07.13
by Roni Peuranheimo

SSH Q3'26 preview: Order delays limit acceleration in growth

Front-loaded investments and order delays weigh down our Q3 EBITDA forecast to around zero.

SSH Communications Security
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
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