TELOS teams up with IBM Security to help enterprises automate cybersecurity compliance and reduce regulatory risks.

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Telos($NASDAQ:TLS), a leading provider of cybersecurity solutions, has announced a collaboration with IBM Security as part of IBM’s Active Governance Services. With the increasing number of global, national and local compliance requirements, enterprises now have a massive amount of security controls to implement, test and report on.

Market Price

On Thursday, TELOS stock opened at $11.6 and closed at $11.3, down by 4.0% from previous closing price of 11.8.

VI Analysis

Telos Corporation is a technology company that provides solutions for the U.S. federal government, including the Department of Defense, intelligence agencies and civilian agencies. The company’s fundamentals reflect its long term potential and below analysis on Telos are made simple by VI app. Based on VI Star Chart, Telos has an intermediate health score of 6/10 with regard to its cashflows and debt, which indicates that the company might be able to sustain future operations in times of crisis. Telos is classified as a ‘cheetah’, a type of company that achieved high revenue or earnings growth but is considered less stable due to lower profitability. High growth companies are deemed more volatile as they attempt to grow faster. In terms of key financial indicators, Telos is strong in asset, growth, and medium in profitability. However, the company is weak in dividend.

Summary

The move comes as the stock price for Telos moved down the same day. The two companies will work together to help customers simplify and accelerate their journey to compliance with industry and government regulations. The Telos team brings deep expertise in critical infrastructure and operational technology security, while IBM Security provides industry-leading managed security services, advanced security technologies, and a comprehensive portfolio of compliance solutions. The partnership will help enterprises address the challenges of compliance in a rapidly changing and complex IT landscape. The move comes as the stock price for Telos moved down the same day.