Why Is Cerberus Cyber Sentinel Stock Trading Higher Today?

Cerberus Cyber Sentinel CISO shares are trading higher on Tuesday after the company announced certain preliminary estimated financial information of Q4 and FY2022.

For the fiscal quarter ended December 31, 2022, Cerberus expected total revenue of $14.7 million and operating loss of $9.4 million. For fiscal year 2022, Cerberus sees total revenue of $46.5 million and operating loss of $33.2 million.

David Jemmett, CEO and Chairman, stated, "We are very pleased to announce this 2022 preliminary estimated financial information, which reflects our highest quarterly revenue ever and continues our string of seven consecutive quarters of record revenues. We believe that this estimated financial information continues to validate our service offering and our strategy, enabling us to drive significant revenue and market penetration. We continue to see growing demand for our services and expect this to carry on through 2023."

Cerberus Cyber Sentinel is an industry leader as a managed cybersecurity and compliance provider.

CISO Price Action: Cerberus Cyber Sentinel has a 52-week high of $10.74 and a 52-week low of $0.23.

Cerberus Cyber Sentinel shares are up 75.4% at $0.40 at the time of writing, according to Benzinga Pro.