Published by Kalkine Media - 01 October 2020
Cybersecurity and network services provider Tesserent Limited (ASX:TNT) caters to both Australian and international clients. The Company’s products and services include network perimeter security, secure internet connectivity, data storage services, and internal network security services.
In 2020, Tesserent shares have skyrocketed, moving from A$0.042 on 02 January 2020 to A$0.220 on 30 September 2020. This indicates a massive jump of 423.81% on a YTD basis. TNT has a market cap of A$157.74 million and ~717 million outstanding shares.
Here, we would look at Tesserent’s financial and business performance in FY2020 and the drivers for the impressive TNT share price growth this year.