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Message: Globe says Plurilock rated "buy" in new coverage

Plurilock Security Inc (C:PLUR)
Shares Issued 71,497,240
Last Close 6/16/2022 $0.17
Friday June 17 2022 - In the News

The Globe and Mail reports in its Friday edition that iA Capital Markets analyst Neehal Upadhyaya rates Plurilock Security "buy" in new coverage. The Globe's David Leeder writes in the Eye On Equities column that Mr. Upadhyaya set a share target of 65 cents. Analysts on average target the shares at 83 cents. Mr. Upadhyaya says he sees a "compelling risk-reward profile" at Plurilock. As well, he says Plurilock is trading at a "great entry point." Mr. Upadhyaya says in a note: "Plurilock's proprietary endpoint authentication solutions allow organizations to validate the security of their endpoints. In an increasing shift to remote working, companies are facing new and more complex cybersecurity threats as endpoints and communications are no longer protected by a physical barrier and through on-premise storage. Plurilock's solutions can help companies continuously verify the authenticity of their users by developing a user profile based on how an individual types, clicks, and moves their mouse, amongst other things. Through this user profile and using artificial intelligence (AI) and machine learning (ML), Plurilock's products can identify threats and unauthenticated use on its endpoints in a matter of minutes."

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