Cycurion shares rise 21.36% premarket after acquiring federal cyber firm, adding $18M ARR and reporting $112.4M backlog.
ByAinvest
Tuesday, Mar 17, 2026 8:02 am ET1min read
CYCU--
Cycurion (CYCU) surged 21.36% in premarket trading following the announcement of a definitive agreement to acquire a Washington, D.C.-based federal cybersecurity firm. The deal, expected to be immediately accretive to earnings per share (EPS), adds approximately $18 million in annual recurring revenue and expands the company’s federal sector footprint. Concurrently, Cycurion reported a record contracted backlog of $112.4 million, driven by multi-year federal contract awards and client renewals. The acquisition aligns with the firm’s 2026 growth strategy to consolidate high-margin cybersecurity assets under its ARx platform. Management will provide updated 2026 revenue guidance and a multi-year growth roadmap at its March 19 shareholder meeting. The bullish reaction reflects investor optimism over revenue diversification, EPS acceleration, and strategic expansion into the DoD compliance and cloud security markets.
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