Why Is HUBC Stock Rising Pre-Market Today?
Synopsis
The Tel Aviv, Israel-based company said this agreement is expected to deliver “meaningful” six-figure revenue with a strong growth potential.
Shares of HUB Cyber Security (HUBC) were up more than 11% in Thursday’s pre-market trade after the company announced a major commercial win after striking an agreement with a leading aerospace and defence manufacturer.
HUB Cyber Security said that it had struck a significant new commercial licensing software agreement with one of the world’s most prominent aerospace and defense manufacturers, but stopped short of revealing the company’s name.
The Tel Aviv, Israel-based company said this agreement is expected to deliver “meaningful” six-figure revenue with a strong growth potential.
Retail sentiment on Stocktwits around the HUBC stock trended in the ‘bullish’ territory, while message volumes were at ‘high’ levels at the time of writing.
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