Why Yubico stock moves
Yubico.ST fell sharply, clearly more than the market.
Written after the close on ·
Why today
16,307 news analyzed todayYubico.ST fell sharply, clearly more than the market.
Analysts raised targets after the report, but DNB Carnegie downgraded the stock to hold, saying it had risen too fast.
A new short seller was also disclosed.
Over five trading days the stock rose clearly while the market was roughly flat.
Today's move of −7.21% was 3.6 times a normal day's 2.0%. OMX Stockholm 30 moved −1.01% on the same day.
Yubico −7.21%OMX Stockholm 30 −1.01%Much weaker than the market
What analysts expect, and how often they have been right
Analysts’ estimates for Yubico.
Yubico earned more than expected in 3 out of 8 reports.
For comparison, about 46% of reports from Nordic companies beat the estimate in the last three years.
The share moved in the same direction as the earnings surprise in 8 out of 8 reports with a measured move, against about 63% of reports from Nordic companies.
Ratings
Price targets
Latest price 158.30 SEK
Earnings against expectations, and the share’s reaction
Expected EPSAbove estimateBelow estimateAs expectedSEK
Next reported quarter: expected earnings per share of 0.89 SEK (February 11). For the current fiscal year, expected earnings per share changed from 2.51 SEK three months ago to 3.22 SEK now. 2026 estimate: 3.22 SEK. 2027 estimate: 3.87 SEK. People on the board and in management must report their trades in the share to Finansinspektionen, Sweden's financial supervisor. June 11: Buy about 1.7 m SEK. June 10: Buy about 3.5 m SEK. May 29: Buy about 231 thousand SEK. May 15: Buy about 87 thousand SEK. May 11: Buy about 1.9 m SEK.
Has the share price followed the business?
Price and earnings moved in the same direction: 2 out of 3 years. Across Nordic companies, that happens in about 60% of years. In 2025, the price changed −69% and earnings per share −65%.
Revenue, profit and market cap
RevenueProfitMarket capHatched bars: analysts’ estimates.bn SEK
Assets, liabilities and market cap
AssetsLiabilitiesMarket capbn SEK
Price and earnings moved in the same direction: 2 out of 3 years.Market cap (Now): 13.6 bn SEKRevenue 2025: 2.2 bn SEK
What the key figures say about Yubico
The figures connect what Yubico earns with what investors pay.
The line shows the share price in the same year, on its own scale. Hatched bars: analysts’ estimates.
Profit divided by the number of shares. Each share represents this much of the earnings.
2022–2025: 1.46 SEK–7.30 SEK. Peers: Tenable Holdings $0.13, SSH Communications Security -0.05 EUR, Loihde 1.10 EUR. 2026 estimate: 3.22 SEK (2.50 SEK–4.12 SEK). 2027 estimate: 3.87 SEK (3.25 SEK–4.37 SEK).
What the company sold during the year.
2022–2025: 1.6 bn SEK–2.3 bn SEK. Peers: Tenable Holdings $1.1B, SSH Communications Security 22.1 m EUR, Loihde 142 m EUR. 2026 estimate: 2.3 bn SEK (2.1 bn SEK–2.5 bn SEK). 2027 estimate: 2.7 bn SEK (2.5 bn SEK–2.9 bn SEK).
The percentage of revenue left after the costs of running the business.
2022–2025: 8.4%–18.6%. Peers: Tenable Holdings 5.0%, SSH Communications Security −10.1%, Loihde 2.3%.
Profit as a percentage of shareholders’ money in the company.
2022–2025: 7.7%–34.9%. Peers: Tenable Holdings 9.9%, Loihde 4.6%.
The price investors pay for each unit of annual earnings per share. Not shown for a loss.
2022–2025: 13.0–59.8. Peers: Tenable Holdings 324.1, Loihde 13.1. 2026 estimate: 49.2. 2027 estimate: 40.9.
What investors pay for each unit the company sells.
2022–2025: 2.12–9.01. Peers: Tenable Holdings 4.12, SSH Communications Security 4.62, Loihde 0.65. 2026 estimate: 5.82. 2027 estimate: 5.07.
Net debt divided by operating earnings before depreciation and amortisation.
2022–2025: -4.20–-0.99. Peers: Tenable Holdings 6.16, SSH Communications Security -33.80, Loihde 0.64.
More key figures
Market cap divided by shareholders’ equity, what remains after liabilities.
2022–2025: 3.95–13.38. Peers: SSH Communications Security 23.11, Loihde 1.04.
Market cap plus net debt, divided by operating earnings. This includes debt.
2022–2025: 13.9–58.3.
Cash left after investments, divided by the number of shares.
2022–2025: 0.40 SEK–3.30 SEK. Peers: Tenable Holdings $2.55, Loihde 1.57 EUR.
The percentage of assets financed by shareholders’ equity.
2022–2025: 65.3%–75.8%.
What to watch next, and why
The earnings report shows how Yubico's revenue and profit have changed.
- Earnings report
The earnings report shows how Yubico's revenue and profit have changed.
Add to calendar
More about Yubico
Insider trades
People on the board and in management must report their trades in the share to Finansinspektionen, Sweden's financial supervisor.
- Patrik Tigerschiöld, chairBuyabout 1.7 m SEK
- Patrik Tigerschiöld, chairBuyabout 3.5 m SEK
- Patrik Tigerschiöld, chairBuyabout 231 thousand SEK
- Eola Änggård Runsten, board memberBuyabout 87 thousand SEK
- Patrik Tigerschiöld, chairBuyabout 1.9 m SEK
Earnings report
Next report: · Add to calendar · Google Calendar
On its last 15 report days Yubico usually moved about 8.7%. On a normal day it moves 2.0%.
+29.24% Why? +35.43% −4.31% −17.51%
10,000 SEK in Yubico bought on March 25, 2021 is worth 15,500 SEK today, with dividends reinvested.
The same amount in OMX Stockholm 30 with dividends would have become 17,600 SEK.
What would 10,000 SEK in Yubico be worth today? →
What would 10,000 SEK in Yubico be worth today?
15,500 SEK
with dividends reinvested, bought on March 25, 2021. The same amount in OMX Stockholm 30 with dividends would have become 17,600 SEK.
At worst it was worth 3,010 SEK (March 26, 2026).
The five biggest days of the journey
· +35.4% · the whole market fell 0.1% the same day · report day
· +31.8% · the whole market rose 1.0% the same day · report day
· −31.6% · the whole market fell 1.8% the same day
· +29.2% · the whole market fell 0.3% the same day · report day · Why?
· −26.4% · the whole market rose 1.1% the same day
Earlier days
+29.24% market −0.32% Yubico surged on record Q3 results. Read →
Yubico surged on record Q3 results.
The company reported a record quarter, with sales up 29.3 percent and EBIT margin rising to 25.3 percent.
The shares rose very sharply in the last session on roughly six times normal trading volume, while OMX Stockholm 30 fell slightly.
Over the last five trading days, Yubico rose sharply, far more than the market's slight gain.
Order bookings surged 88.2 percent, helped by several large enterprise and public sector orders, which the company says should not be seen as a new baseline.
−3.30% market +0.83% Yubico fell clearly, moving against a rising market. Read →
Yubico fell clearly, moving against a rising market.
The last session had no new company news, so no specific event explains the drop.
Over the last five trading days, Yubico fell sharply while OMX Stockholm 30 rose slightly, a big move for the stock.
Earlier, the disclosed short-position holdings were trimmed, so short sellers were not clearly the cause of the decline.
Yubico reports its third-quarter results on Thursday 5 November, and that is what to watch next.
−1.94% market −0.89% Yubico fell clearly without company news. Read →
Yubico fell clearly without company news.
Yubico, listed on Nasdaq Stockholm, fell clearly over the last five trading days, while the OMX Stockholm 30 fell slightly, so it dropped more than the market.
In the last session, the drop matched a clear fall in the broader OMX Stockholm 30, so the move looks largely market-driven rather than company-specific.
The most recent company news, an analyst raising its target price to SEK 120, came out before the session and does not explain the drop.
Trading volume was around its usual level, and the session move was within the stock's normal daily range.
−2.81% market −0.62% Yubico fell, while the OMX Stockholm 30 slipped slightly. Read →
Yubico fell, while the OMX Stockholm 30 slipped slightly.
Over the last five trading days Yubico rose clearly, so the move was reversed in the latest session.
The market's broader rise over those days was also clear, so Yubico's gain was roughly in line with it.
Yubico's latest close sits near its highest level of the past year, so it has climbed a long way from its late-March low.
The most recent company news is a shareholder disclosure dated 15 October, showing Skandinaviska Enskilda Banken's holding in Yubico was reported at about 5.08% of voting rights after a sale on 14 October.
Learn more · Why do stocks go up and down?