Secunet stock trades at EUR 256 as first-half backlog reaches EUR 360.8 million

Published on 10/08/2026 at 09:33 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Secunet stock's first-half revenue rose 19.2 percent to EUR 204.7 million on August 13, 2026. Order intake reached EUR 287.4 million, with results due November 12.

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Secunet Security Networks stock (ISIN DE0007276503) enters October with first-half revenue of EUR 204.7 million, up 19.2 percent year over year. On October 6, 2026, the company announced a partnership with Bechtle for sovereign security solutions and secure IT infrastructures.

Growth is visible in the backlog

According to Yahoo Finance, Secunet's first-half order intake reached EUR 287.4 million on August 13, 2026, an increase of 78.7 percent from the prior-year period. The order backlog stood at EUR 360.8 million, 29.4 percent above the level at the end of 2025.

The same earnings call showed first-half EBIT of EUR 8.7 million, up 20.4 percent, while the EBIT margin was 4.2 percent. Management guided for 2026 revenue of EUR 460 million- EUR 500 million and said it was aiming for the upper end of that range, according to Yahoo Finance.

Bechtle expands the distribution angle

Secunet said on October 6, 2026, that it will provide the security platform and cybersecurity architectures, while Bechtle will operate and distribute the solution across Europe. The companies are targeting public-sector customers, critical-infrastructure operators and industrial businesses, according to Secunet.

Analyst expectations remain demanding. Investing.com lists a Buy consensus from 2 analysts, an average 12-month price target of EUR 243.333, a low target of EUR 210 and a high target of EUR 260, based on data dated October 7, 2026.

Berenberg raised its target from EUR 254 to EUR 260 and retained its Buy rating on September 28, 2026, citing expected demand for Bundeswehr encryption technology, as reported by Finanznachrichten.

Secunet stock trades near its yearly high

Secunet stock was trading at EUR 256 on Xetra on October 8, 2026 at 9:15 a.m. CEST, down 0.97 percent from the EUR 258.50 prior close. The session range was EUR 253.50 to EUR 260, against a 52-week range of EUR 152.80 to EUR 266.

The next scheduled company report is the quarterly statement for the period ending September 30, 2026, on November 12, 2026, according to Secunet. For investors, the key test is whether the enlarged backlog converts into profitable delivery while the Bechtle partnership broadens access to European customers.

Market value remains substantial

Secunet stock was trading at EUR 256 on Xetra on October 8, 2026 at 9:15 a.m. CEST, giving the company a market capitalization of EUR 1.7 billion. The current price sits EUR 10 below the 52-week high of EUR 266.