Streetbeat News

HUBC

HUB Cyber Security (Israel) Ltd.

Industry

Software - Infrastructure

HUB Security offers cyber security solutions in Israel and internationally. The company provides secure compute platform, metaverse security, quantum secured cloud workspace, quantum cure ransomware technology, and healthcare and AI security solutions; RAM Commander, a software tool for reliability prediction and analysis, reliability block diagram, Markov chains analysis, maintainability prediction, spares optimization, FMEA/FMECA, testability, fault tree analysis, event tree analysis, and safety assessment; D.STORM, a SaaS DDoS simulation platform; and safety assessment suite. The company was founded in 2017 and is based in Tel Aviv, Israel.

Open

0.53

Mkt cap

16M

Volume

704K

High

0.58

P/E Ratio

-0.06

52-wk high

4.50

Low

0.51

Div yield

N/A

52-wk low

0.43

HUB Security Ltd (NASDAQ:HUBC) received a notification from Nasdaq indicating non-compliance with the minimum bid price requirement, as its shares have closed below $1.00 for 30 consecutive business days. The company's shares will continue to trade on Nasdaq under the symbol HUBC.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 8:00 pm

Hub Security has restructured $8M of its debt due this month and secured an additional $2M in debt financing. Key shareholders exercised warrants at $0.90 per share, adding $5M in capital.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 12:13 pm

HUB Cyber Security Ltd. (NASDAQ:HUBC) announced securing two deals with governmental entities, emphasizing its strategic expansion and enhancement of offerings. The company expects significant progress in its secure data fabric vertical by the end of the next quarter and plans to release its annual financial reports soon.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 12:59 pm

Hub Cyber Security is progressing towards settling a $12M dispute with Oppenheimer over unpaid fees related to SPAC merger services.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 11:13 am

HUB Cyber Security Ltd. has responded to a lawsuit from Dominion by filing a counterclaim in a New York court, alleging misconduct by Dominion. This legal action escalates the dispute between the two companies, potentially impacting investor sentiment and the stock performance of HUBC.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 12:33 pm

Wang & Lee Group, Inc. (WLGS) shares surged 37.7% in pre-market trading after reporting improved FY23 financial results, with a reduced loss per share and increased revenue. Other stocks also showed significant movement in pre-market trading, with notable gainers including Redwoods Acquisition Corp. (RWOD), Zhongchao Inc. (ZCMD), and Trio Petroleum Corp. (TPET), among others. On the losing side, BioNexus Gene Lab Corp. (BGLC) and Tian Ruixiang Holdings Ltd (TIRX) saw significant drops, alongside other decliners.

Portfolio Pulse from Avi Kapoor

April 19, 2024 | 9:45 am

Travelers Companies, Inc. (TRV) shares fell by 8.1% after reporting mixed Q1 earnings, missing the consensus forecast. Other stocks showed significant movement, with INVO Bioscience, Inc. (INVO) and Edible Garden AG (EDBL) among the top gainers, while ICZOOM Group Inc. (IZM) and Sunshine Biopharma, Inc. (SBFM) led the losers. The market saw a wide range of stock performance, influenced by earnings reports, strategic agreements, and analyst ratings.

Portfolio Pulse from Avi Kapoor

April 17, 2024 | 5:36 pm

Hub Cyber Security Ltd. (NASDAQ:HUBC) shares surged over 11% following an Iran drone attack on Israel, with trading volume significantly exceeding its 100-day average. The company also announced an $8 million financing acquisition via straight debt, emphasizing its commitment to growth and financial stability.

Portfolio Pulse from Erica Kollmann

April 15, 2024 | 2:37 pm

Hub Cyber Security's stock price increased after Iran's drone attack on Israel, reflecting heightened concerns over cybersecurity threats.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 1:01 pm

Medical Properties Trust, Inc. (MPW) shares surged 13.1% in pre-market trading after selling its majority interest in Utah Hospitals. Other stocks also showed significant movement in pre-market trading, with notable gainers including Allarity Therapeutics, Inc. (ALLR), Longeveron Inc. (LGVN), and Piedmont Lithium Inc. (PLL), among others. Conversely, several stocks experienced declines, such as AudioEye, Inc. (AEYE), NextPlat Corp (NXPL), and Polestar Automotive Holding Uk Plc (PSNY), driven by various company-specific news and analyst actions.

Portfolio Pulse from Avi Kapoor

April 15, 2024 | 9:45 am

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