Cycurion Subsidiary Secures $1.1M Data Modernization Contract
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Cycurion's subsidiary, SLG Innovation, Inc., has secured a $1.1 million contract to modernize data systems for a public guardian office in the U.S. This project involves migrating sensitive data to a secure Microsoft SQL Server platform and is part of Cycurion's $73.6 million backlog. The company faces challenges with high leverage and cash flow issues, leading to a Neutral rating from analysts with a $3.00 price target for CYCU stock. Cycurion specializes in IT cybersecurity solutions and AI-powered services, focusing on government and corporate clients.
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