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How Did CynergisTek (CTEK) Stock Perform In Extended Trading?

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During Monday’s aftermarket session, CynergisTek Inc. (CTEK) shares fell -6.06% to $2.17. Following a gain in the regular session, CTEK stock has come to consolidate. CynergisTek stock added 13.79% to finish regular trading session at $2.31.

CTEK recorded a trading volume of 1.07 million shares, which is high compared with the average daily trading volume of 0.22 million shares for the last 50 days. In the past three months, CTEK stock has declined -1.70 percent and gained 59.31 percent this year.

CTEK recently experienced what?

Cybersecurity company CynergisTek specializes in serving the needs of the healthcare industry. Providing security, privacy, and compliance solutions is a core competency of CTEK. In addition to serving hundreds of healthcare organizations as a partner, CynergisTek contributes to relevant industry associations to support and educate the industry. For the second year in a row, CTEK was named the top cybersecurity consultant for healthcare by Black Book in 2020.

CynergisTek’s Redspin division recently achieved certification as a Candidate CMMC Third-Party Assessor Organization (C3PAO) under the Cybersecurity Maturity Model Certification Program (CMMC).

  • A Defense Industrial Base Cybersecurity Assessment Center (DIBCAC) of the Defense Contract Management Agency (DCMA) deemed that Redspin’s security practices and processes meet the requirements of CMMC Level 3.
  • In response, the CMMC Accreditation Body has certified CTEK’s Redspin as an Authorized C3PAO capable of conducting CMMC assessments.
  • CTEK’s division now has the authority to conduct assessments based on CMMC Levels 1-3 contractually with Organizations Seeking Certification (OSCs).
  • The Defense Industrial Base (DIB) contracts must be secured or renewed by CMMC contractors regardless of security negotiations.

How CEO envision this going forward?

Caleb Barlow, president and CEO of CynergisTek said that a number of resources at the company are on hand, and the last step was formal authorization that CynergisTek (CTEK) has now received. The CTEK executives, consultants, and provisional assessors are eager to assist DIB suppliers with assessing, constructing, and validating their cyber resilience.

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