WISeKey International (NASDAQ:WKEY) Releases Quarterly Earnings Results

WISeKey International (NASDAQ:WKEY) announced its earnings results on Thursday. The company reported ($0.06) EPS for the quarter, FiscalAI reports. The company had revenue of $6.48 million during the quarter.

WISeKey International Stock Up 3.0%

Shares of WISeKey International stock opened at $6.54 on Friday. The company has a fifty day moving average of $7.04 and a 200 day moving average of $8.29. WISeKey International has a fifty-two week low of $2.50 and a fifty-two week high of $19.80.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of WISeKey International in a research report on Wednesday, January 21st. Two investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, WISeKey International has a consensus rating of “Hold” and a consensus target price of $10.50.

Hedge Funds Weigh In On WISeKey International

A number of hedge funds have recently made changes to their positions in the business. XTX Topco Ltd bought a new stake in WISeKey International during the 2nd quarter valued at approximately $81,000. Dynamic Technology Lab Private Ltd bought a new position in WISeKey International in the 4th quarter worth approximately $107,000. Jump Financial LLC purchased a new stake in WISeKey International during the 4th quarter valued at approximately $113,000. Two Sigma Investments LP bought a new stake in shares of WISeKey International during the third quarter valued at approximately $186,000. Finally, Jane Street Group LLC purchased a new position in shares of WISeKey International in the fourth quarter worth $251,000. Institutional investors own 0.33% of the company’s stock.

About WISeKey International

WISeKey International SA is a Swiss-based cybersecurity and digital identity company specializing in secure authentication and encryption solutions. The firm develops and deploys public key infrastructure (PKI) technologies, digital certificates and secure semiconductors to safeguard online transactions, data and communications. Its offerings encompass hardware security modules, digital vault services and cybersecurity software designed to protect devices, applications and networks against digital threats.

Founded in 1999 by Carlos Moreira, WISeKey has evolved into a provider of Internet of Things (IoT) security, embedding cryptographic capabilities directly into chips for smart cards, mobile devices and industrial sensors.