Stock News Summary: Safe-T Group® (NASDAQ:SFET)

Safe-T Group® (NASDAQ:SFET) stock observed trading -91.83% off 52-week high price. On the other end, the stock has been noted 14.25% away from low price over the last 52-weeks. The stock disclosed a move of -29.86% away from 50 day moving average and -64.57% away from 200 day moving average. Moving closer, we can see that shares have been trading -20.37% off 20-day moving average. It has market cap of $3.34M

On July 29, 2019, Safe-T Group® (: SFET) (TASE: SFET), a provider of Secure Access solutions for on-premise and hybrid cloud environments, announces  a first collaboration agreement with a tier-1 Internet Service Provider (ISP), in Korea.

 

Safe-T’s enterprise IP proxy network service is based on its deployment through ISPs, using collaboration agreements which enable the installation of the Company’s carrier-grade technology at the core network of the ISPs who join the global network. Deployment in larger ISPs enables broader coverage of the network, and as a result increase the number of potential customers, while preserving the stability and the speed of the service.

 

To date, the Company has similar agreements with more than 100 ISPs in more than 25 countries, and is in negotiations with numerous additional potential collaborators.

 

About Safe-T®

 

Safe-T Group Ltd. (: SFET) (TASE: SFET) is a provider of Zero Trust Access solutions which mitigate attacks on enterprises’ business-critical services and sensitive data, while ensuring uninterrupted business continuity.

 

Safe-T’s cloud and on-premises solutions ensure that an organization’s access use cases, whether into the organization or from the organization out to the Internet, are secured according to the ‘validate first, access later’ philosophy of Zero Trust. This means that no one is trusted by default from inside or outside the network, and verification is required from everyone trying to gain access to resources on the network or in the cloud.

 

Safe-T’s wide range of access solutions reduce organizations’ attack surface and improve their ability to defend against modern cyberthreats. As an additional layer of security, our integrated business-grade global proxy solution cloud service enables smooth and efficient traffic flow, interruption-free service, unlimited concurrent connections, instant scaling and simple integration with our services.

With Safe-T’s patented reverse-access technology and proprietary routing technology, organizations of all size and type can secure their data, services and networks against internal and external threats.

The Israel based company Safe-T Group Ltd moved with change of 0.81% to $1.25 with the total traded volume of 832143 shares in recent session versus to an average volume of 109.62K. The stock was observed in the 5 days activity at -9.42%. The one month performance of stock was -21.88%. SFET’s shares are at -51.92% for the quarter is now at -57.91% since this point in 2018.  The average volatility for the week and month was at 14.27% and 10.38% respectively. There are 2.67M shares outstanding and 0.37M shares are floated in market.

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