Secunet stock gains 5.25 percent after Bechtle partnership

Published on 10/06/2026 at 16:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Secunet stock was at EUR 260.50 on October 6, 2026, as a new Bechtle partnership expanded its secure infrastructure offering. First-half order intake rose 78.7 percent to EUR 287.4 million.

Makroaufnahme eines Verschlüsselungs-Mikrochips mit goldenen Kontaktpins — secunet Security Networks DE0007276503 zeigt Makroaufnahme eines Verschlüsselungschips mit goldenen Kontakten und Leiterbahnen, Illustration mit AI erstellt.

Secunet Security Networks AG (ISIN DE0007276503) was trading at EUR 260.50 on Xetra on October 6, 2026, up 5.25 percent at 3:36 p.m. CEST. The move followed a partnership with Bechtle covering secure IT infrastructures, with Secunet supplying the platform and cybersecurity architectures while Bechtle takes responsibility for operations and European rollout, according to finanzen.net on October 6, 2026.

Partnership adds a new route to growth

The agreement gives Secunet access to Bechtle's infrastructure operations and sales network, while keeping Secunet's role centered on secure platforms and architecture. That combination matters because the company is trying to extend its cybersecurity offering beyond individual products into broader sovereign IT environments.

The market backdrop was already improving before the announcement. In the first half of 2026, Secunet increased revenue 19.2 percent to EUR 204.7 million and EBIT 20.4 percent to EUR 8.7 million, according to Yahoo Finance in the August 13, 2026 earnings-call transcript.

Orders are running ahead of revenue

Order intake rose 78.7 percent year over year to EUR 287.4 million in the first half, exceeding the EUR 204.7 million revenue base for the same period. The order backlog reached EUR 360.8 million, giving the partnership a stronger demand backdrop than revenue growth alone would suggest.

Management specified 2026 revenue guidance at the upper end of a EUR 460 million to EUR 500 million range, while the EBIT target remains EUR 53 million to EUR 58 million, according to secunet. The counterweight is the business sector, where first-half revenue fell 47 percent as healthcare and industrial demand weakened.

Analyst target reaches the market price

Berenberg raised its Secunet price target from EUR 254 to EUR 260 and retained a Buy rating on September 28, 2026, citing higher growth expectations from German defense investment, as reported by dpa-AFX. The new target is EUR 0.50 below the October 6 intraday price, showing how quickly the stock has moved toward the latest analyst valuation.

Secunet stock trades near its yearly high

Secunet stock was trading at EUR 260.50 on Xetra on October 6, 2026, with a daily high of EUR 264.00 and a low of EUR 250.00. Its 52-week range was EUR 125.60 to EUR 264.00, while market capitalization stood at EUR 1.7 billion and volume reached 770 shares.