SSH Communications Security

2.27 EUR

-5.81 %

4,653 following

SSH1V

NASDAQ Helsinki

IT Services

Technology

Overview

Financials & Estimates

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-5.81 %

-26.06 %

-27.94 %

-28.84 %

-5.81 %

+87.60 %

+6.07 %

-22.26 %

-84.71 %

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.

Market cap

123.81M EUR

Turnover

318.42K EUR

P/E (adj.) (26e)

-54.62

EV/EBIT (adj.) (26e)

-142.09

EV/S (26e)

4.87

Dividend yield-% (26e)

Coverage

Recommendation

Sell

Target price

2.00 EUR

Updated

2026-02-17

Disclaimer

Roni Peuranheimo

Analyst

Latest research

Latest analysis report

Released: 2026-02-18

Latest extensive report

Released: 2025-11-25

Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar

26/3

2026

General meeting '26

28/4

2026

Business review Q1'26

17/7

2026

Interim report Q2'26

Risk

Business risk

Valuation risk

Low

High

All

Research

Webcasts

Press releases

ShowingAll content types

Regulatory press release2 hours ago

SSH Communications Security Oyj - Managers' Transactions

SSH Communications Security

SSH Q4'25: Tillväxtutsikterna behöver mer konkretion

Research10 hours ago by

Roni Peuranheimo

SSH Q4'25: Tillväxtutsikterna behöver mer konkretion

SSH:s Q4 var något svagare än våra estimat efter vinstvarningen, även om svagheten främst förklarades av en engångslicensaffär.

SSH Communications Security

Press releaseyesterday

Redeye: SSH (Q4 Initial take): A softer quarter, as expected

SSH Communications Security

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Regulatory press releaseyesterday

SSH COMMUNICATIONS SECURITY CORPORATION'S FINANCIAL STATEMENT RELEASE JANUARY 1 – DECEMBER 31, 2025

SSH Communications Security

Press release2/10/2026, 7:00 AM

INVITATION TO AN INVESTOR CALL ON SSH COMMUNICATIONS SECURITY CORPORATION'S FINANCIAL STATEMENT RELEASE, JANUARY 1 – DECEMBER 31, 2025

SSH Communications Security

SSH: Licensförsäljningen var dyster i slutet av året

Research1/16/2026, 6:00 AM by

Roni Peuranheimo

SSH: Licensförsäljningen var dyster i slutet av året

Vi har sänkt våra estimat för Q4 i och med SSH:s negativa vinstvarning, men våra estimat för de närmaste åren är i stort sett oförändrade då varningen beror på en engångslicensaffär.

SSH Communications Security

Press release1/15/2026, 10:00 AM

SSH Communications Security Announces Two New Partnerships to Strengthen Cybersecurity Growth in Southeast Asia and Taiwan

SSH Communications Security

Regulatory press release1/9/2026, 8:00 AM

SSH Communications Security (“SSH”) strengthens capabilities for accelerated growth with renewed organizational model and appointment of a CPO (Chief Product Officer)

SSH Communications Security

Analyst Comment1/5/2026, 6:26 AM by

Antti Luiro

SSH utfärdade en negativ vinstvarning

Vinstvarningen var ett resultat av en svagare licensförsäljning under slutet av året än förväntat, samt valutakurseffekter.

SSH Communications Security

Regulatory press release1/2/2026, 7:30 AM

Inside information, profit warning: SSH Communications Security Corporation lowers its 2025 net sales outlook, EBITDA and cash flow outlook unchanged

SSH Communications Security

Press release12/19/2025, 9:30 AM

Roni Peuranheimo

SSH initieringsrapport: Tillväxtutsikterna som ljusast på flera år

Förverkligandet av SSH:s länge väntade tillväxthistoria verkar nu mer sannolikt än tidigare, tack vare samarbetet med Leonardo och den starka efterfrågan från försvarssektorn.

SSH Communications Security

Press release10/27/2025, 1:21 PM

Forum discussions

Tomorrow we’ll get to read SSH’s updates regarding the financial statements! The January report linked by Alokas above served as a preview, but the forecast table was only in the report itself, so I’m posting the table here as a reminder

2/16/2026, 8:28 AM

by Roni Peuranheimo

Inderes SSH COMMUNICATIONS SECURITY OYJ:N TILINPÄÄTÖSTIEDOTE 1.1. – 31.12.2025 - Inderes SSH Communications Security Oyj | Pörssitiedote | 17.02.2026 klo 09:00:00 EETKoko vuoden liikevaihto laski 2 %, kvartaalin ja koko vuoden käyttökate ja liiketoiminnan rahavirta positiivisetLoka...

yesterday

by Harvasepäivä

Roni has written a new company report on SSH after the Q4 results were released SSH’s Q4 was even slightly softer than our forecasts following the profit warning, although the weakness was mainly explained by a one-off license deal. The growth guidance was soft in terms of information...

10 hours ago

by Sijoittaja-alokas

Roni interviewed SSH CEO Rami Raulas regarding the Q4 results Inderes SSH Q4'25: Vuosi paketissa - Inderes Aika: 17.02.2026 klo 14.37 SSH:n liikevaihto laski vuoden viimeisellä kvartaalilla 21,1 %. Sijoittajia kiinnostava Leonardo‑yhteistyö eteni vuoden aikana ja siitä odotetaan ...

yesterday

by Sijoittaja-alokas

ssh.com SSH Pörssitiedotteet SSH Communications Security Oyj | Stock Exchange Release | Feb 17, 2026, at 09:00:00 EET Full-year net sales decreased 2%, quarterly and full-year EBITDA and operating cash flow were positive October–December 2025: ·Net sales were EUR 5.4 million (EUR...

yesterday

Sounds good Strategic partners for SSH from Asia | Kauppalehti

1/15/2026, 10:25 AM

Here is a fresh company report on SSH from Roni. We have lowered our Q4 forecasts following SSH’s negative profit warning, but our forecasts for the coming years remain largely unchanged as the warning was due to a one-off license deal. The most interesting aspect of the 2025 financial...

1/16/2026, 8:10 AM

by Sijoittaja-alokas

SSH Communications Security

2.27 EUR

-5.81 %

Coverage

Latest research

Revenue and EBIT-%

EPS and dividend

Financial calendar

Risk

SSH Communications Security Oyj - Managers' Transactions

SSH Q4'25: Tillväxtutsikterna behöver mer konkretion

Redeye: SSH (Q4 Initial take): A softer quarter, as expected

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SSH COMMUNICATIONS SECURITY CORPORATION'S FINANCIAL STATEMENT RELEASE JANUARY 1 – DECEMBER 31, 2025

INVITATION TO AN INVESTOR CALL ON SSH COMMUNICATIONS SECURITY CORPORATION'S FINANCIAL STATEMENT RELEASE, JANUARY 1 – DECEMBER 31, 2025

SSH: Licensförsäljningen var dyster i slutet av året

SSH Communications Security Announces Two New Partnerships to Strengthen Cybersecurity Growth in Southeast Asia and Taiwan

SSH Communications Security (“SSH”) strengthens capabilities for accelerated growth with renewed organizational model and appointment of a CPO (Chief Product Officer)

SSH utfärdade en negativ vinstvarning

Inside information, profit warning: SSH Communications Security Corporation lowers its 2025 net sales outlook, EBITDA and cash flow outlook unchanged

Independent Report Names SSH’s PrivX OT a Strong Solution for Industrial Secure Remote Access (ISRA)

SHARE SUBSCRIPTIONS WITH SSH COMMUNICATIONS SECURITY CORPORATION´S STOCK OPTIONS

SSH Communications Security Oyj - Managers' Transactions

SSH Communications Security Oyj - Managers' Transactions

SSH initieringsrapport: Tillväxtutsikterna som ljusast på flera år

Redeye: SSH (Q3 Review) - Growth Authenticated

SSH Communications Security Oyj - Managers' Transactions

FLAGGING NOTIFICATION UNDER CHAPTER 9, SECTION 10 OF THE FINNISH SECURITIES MARKETS ACT

FLAGGING NOTIFICATION UNDER CHAPTER 9, SECTION 10 OF THE FINNISH SECURITIES MARKETS ACT

FLAGGING NOTIFICATION UNDER CHAPTER 9, SECTION 10 OF THE FINNISH SECURITIES MARKETS ACT

Forum discussions