mwb Research raises target for Secunet Security Networks stock to EUR 240

Published on 10/18/2026 at 12:52 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

SINA orders could reach EUR 1.7 billion from 2027. Secunet Security Networks stock saw H1 revenue rise 19.2 percent to EUR 204.7 million.

Growth and valuation checkpoints

mwb Research lifted its Secunet target from EUR 210.00 to EUR 240.00 on October 9, 2026.
First-half 2026 sales reached EUR 204.70 million, up 19.20 percent year over year.
Secunet Security Networks stock closed at EUR 239.00 on October 16, 2026.

Aquarellmalerei eines modernen Glasgebäudes an einem Fluss in Essen — secunet Security Networks DE0007276503 illustriert Aquarell-Ansicht eines modernen Bürogebäudes am Fluss in Essen, Illustration mit AI erstellt.

Secunet Security Networks (ISIN DE0007276503) had a EUR 240.00 price target, up from EUR 210.00 in mwb Research's October 9, 2026 update, according to ResearchHub. The research house kept its Hold rating while linking the revision to the SINA procurement framework.

SINA framework sets the context

The framework for secure military communications could reach EUR 1.7 billion, while initial orders above EUR 100.00 million are expected and deliveries could begin in 2027, 4investors reported on October 10, 2026. The ceiling is a procurement framework rather than guaranteed revenue, so call-offs and budget approvals remain key variables.

Three dates shape the story

On August 13, 2026, first-half sales reached EUR 204.70 million, up 19.20 percent from EUR 171.70 million a year earlier, according to ResearchHub. On September 24, 2026, secunet announced that Alexandra Heine would become CFO on January 1, 2027, according to EQS News. The October 9, 2026 target increase was the latest of the three events.

What does the target mean?

The EUR 240.00 target sits only EUR 1.00 above the last Xetra close, which makes execution of the SINA opportunity more important than the headline value alone. mwb Research projected 2026 sales of EUR 504.70 million and EBITDA of EUR 81.20 million, compared with EUR 458.80 million and EUR 74.90 million in 2025, respectively.

Next dates are already set

The next scheduled company date is November 12, 2026, for the quarterly report covering September 30, 2026, according to secunet. Alexandra Heine is scheduled to start as CFO on January 1, 2027, according to EQS News.

Stock stays near its yearly high

Secunet's last Xetra close was EUR 239.00 on October 16, 2026. Its 52-week range was EUR 152.80 to EUR 268.00, while market capitalization stood at EUR 1.5 billion on that date. The further course of trading is shown by the continuously updated real-time quote of Secunet Security Networks stock.