Buy rating and $7 target for Cycurion (NASDAQ: CYCU) on $80M backlog

Rhea-AI Filing Summary

Cycurion, Inc. filed a current report to share a press release about new third‑party analyst coverage from Litchfield Hills Research, which initiated CYCU with a Buy rating and a $7.00 price target. The report cites Cycurion’s $80 million contracted backlog, described as roughly four times fiscal 2024 revenue, and current annual revenue of $15.67 million as drivers of expected 2026 growth.

The press release notes InvestingPro data showing an estimated market capitalization of $10.68 million, a Price/Book ratio of 0.53, and high share‑price volatility with the stock down 78.2% over six months. Litchfield Hills compares a valuation of 2.9x estimated 2026 revenue at the $7 target to a stated peer average of 9.0x. Cycurion engaged and paid Litchfield Hills to prepare the research but emphasizes the firm’s editorial independence and that the report is not investment advice.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported): February 3, 2026

Cycurion, Inc.

(Exact Name of Registrant as Specified in Its Charter)

Delaware

001-41214

86-3720717

(State or other jurisdiction of incorporation)

(Commission File Number)

(IRS Employer Identification No.)

1640 Boro Place, Suite 420C McLean, Virginia (Address of principal executive offices) 22102 (Zip Code)

Registrant’s telephone number, including area code: (888) 341-6680

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol

Name of each exchange on which registered

Common stock, par value $0.0001 per share

CYCU

The NASDAQ Stock Market LLC

Redeemable warrants, each exercisable for one share of common stock at an exercise price of $345.00 per share

CYCUW

The NASDAQ Stock Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company x

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

Item 8.01 Other Events.

On February 3, 2026, the Company issued a press release. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

Item 9.01. Financial Statements and Exhibits

(d)Exhibits:

Exhibit No.						Description
99.1						Press Release dated February 3, 2026
104						Inline XBRL for the cover page of this Current Report on Form 8-K

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SIGNATURES

Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

						CYCURION, INC.
Date:			February 5, 2026			By:			/s/ L. Kevin Kelly
						Name:			L. Kevin Kelly
						Title:			Chief Executive Officer

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Exhibit 99.1

Cycurion Stock (Nasdaq: CYCU) Receives Buy Rating and $7 Target Price in New Investment Report Issued from Litchfield Hills Research

Report Highlights Cycurion’s $80 Million Backlog Positioning the Company for Strong 2026 Revenue Growth

MCLEAN, Va., Feb. 03, 2026 (GLOBE NEWSWIRE) -- Cycurion, Inc. (NASDAQ: CYCU) (“Cycurion” or the “Company”), a leading provider of AI-driven cybersecurity, IT security solutions, and managed services is pleased to announce that Litchfield Hills Research has initiated coverage on CYCU with a Buy rating and a $7.00 price target. The target represents significant upside potential from the current CYCU stock price level with InvestingPro data showing the micro-cap company (market capitalization of just $10.68 million) is trading below its Fair Value.

Litchfield Hills Research highlighted Cycurion’s $80 million contracted backlog, approximately four times its fiscal year 2024 revenue, which positions the company for significant revenue growth as contracts convert to billable work. This backlog is particularly noteworthy given the company’s current annual revenue of $15.67 million.

Litchfield Hills also noted that Cycurion is pivoting toward higher-margin cybersecurity solutions, providing advisory services, managed services, and SaaS solutions primarily to state and local governments and small businesses—markets that remain under-secured and increasingly targeted by ransomware attacks.

The report pointed to Cycurion’s proven acquisition and integration model, built through multiple acquisitions and now operating as a unified platform under new leadership focused on simplifying structure, improving margins, and scaling higher-value managed security offerings. Investors should note that InvestingPro data shows the stock generally trades with high price volatility, with shares down 78.2% over the past six months.

Even at the $7.00 price target, Litchfield Hills indicated Cycurion would trade at 2.9x estimated 2026 revenue versus a peer average of 9.0x, reflecting what the firm called "a steep and unwarranted discount." This valuation perspective aligns with the company’s current Price/Book ratio of just 0.53, suggesting potential value for investors willing to accept the risks.

Investors may review the Litchfield Hills Research profile of Cycurion (CYCU) issued on January 23, 2026 at this direct link: https://www.investing.com/news/analyst-ratings/litchfield-hills-initiates-cycurion-stock-with-buy-rating-on-backlog-strength-93CH-4463280.

Cycurion engaged Litchfield Hills Research to provide an independent third-party evaluation and valuation of CYCU stock, selecting the firm for its well-established reputation for objective, fact-based, and comprehensive investment analysis.

Kevin Kelly, Chairman and Chief Executive Officer of Cycurion, Inc. commented, “It is very gratifying to see the appreciation of Cycurion’s significant undervaluation at current trading prices clearly presented in the new Litchfield Hills Research profile and price target just issued. With all of the accomplishments that Cycurion has delivered to date, including our first shareholder dividend, the $80 million contracted backlog being turned into growing billable revenues and the swelling global demand for advanced cybersecurity solutions today, we are confident that long term investors who build positions in CYCU stock should be substantially rewarded, going forward. We urge everyone to review the Litchfield Hills Research coverage of Cycurion as well as all of our company’s own news announcements and filings to fully appreciate the high value investment opportunity here.”

About Cycurion, Inc.

Based in McLean, Virginia, Cycurion (NASDAQ: CYCU) is a forward-thinking provider of IT cybersecurity solutions and AI, committed to delivering secure, reliable, and innovative services to clients worldwide. Specializing in cybersecurity, program management, and business continuity, Cycurion harnesses its AI-enhanced ARx platform and expert team to empower clients and safeguard their operations. Along with its subsidiaries, Axxum Technologies LLC, Cloudburst Security LLC, and Cycurion Innovation, Inc., Cycurion serves government, healthcare, and corporate clients committed to securing the digital future. More info: www.cycurion.com

Forward-Looking Statements

This press release contains statements that are forward-looking statements as defined within the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements relating to the operations and prospective growth of Cycurion’s business.

Certain statements in this press release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Exchange Act of 1934, as amended. Any statements contained in this press release that are not statements of historical fact may be deemed forward-looking statements. Such statements include, but are not limited to, statements regarding the anticipated closing of the offering; the Company’s anticipated use of proceeds from the offering; the acceleration of the Company’s inorganic growth strategy; the continued execution on the Company’s backlog; and other statements that are not historical facts, including statements which may be accompanied by words such as “continue,” “will,” “may,” “could,” “should,” “expect,” “expected,” “plans,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” and similar expressions are intended to identify such forward-looking statements. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, many of which are generally outside the control of Cycurion and are difficult to predict. Examples of such risks and uncertainties include, but are not limited to, the outcomes of the Company’s investigations, any potential legal proceedings, or the future performance of the Company’s stock. Additional factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements can be found in the most recent annual report on Form 10-K, quarterly reports on Form 10-Q, and current reports on Form 8-K filed by Cycurion with the U.S. Securities and Exchange Commission. Cycurion anticipates that subsequent events and developments may cause its plans, intentions, and expectations to change. Cycurion assumes no obligation, and it specifically disclaims any intention or obligation, to update any forward-looking statements, whether as a result of new information, future events, or otherwise, except as expressly required by law. Forward-looking statements speak only as of the date they are made and should not be relied upon as representing Cycurion’s plans and expectations as of any subsequent date.

Third-Party Research Disclosure

This press release includes references to, or excerpts from, an investment research report prepared by a third party, Litchfield Hills Research (the “Report”). Cycurion engaged Litchfield Hills Research to prepare the Report and paid a fee for its preparation; however, Litchfield Hills Research retained full editorial control and independence with respect to the content, opinions, estimates, projections, and price targets expressed in the Report. The views, opinions, and conclusions contained in the Report are solely those of the author as of the date of the Report and do not represent the views, opinions, or forecasts of the Company.

The Company has not independently verified, and does not accept responsibility for, the accuracy, completeness, or reliability of the information contained in the Report and has no obligation to update, revise, or comment on the Report or any opinions, estimates, or price targets contained therein. The inclusion of the Report or references thereto in this press release is not intended to, and does not, constitute an offer to sell or the solicitation of an offer to buy any securities of the Company.

The Report is not investment advice and should not be relied upon as such. Any investment decision with respect to the Company’s securities should be made based on an investor’s own independent evaluation, including consultation with professional financial, legal, and tax advisers. Past performance is not indicative of future results, and any price targets or forward-looking statements contained in the Report involve risks and uncertainties that could cause actual results to differ materially.

Cycurion Investor Relations:

(888) 341-6680

investors@cycurion.com

Cycurion Media Relations:

(888) 341-6680

media@cycurion.com

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FAQ

What did Litchfield Hills Research conclude about Cycurion (CYCU)?

Litchfield Hills Research initiated coverage on Cycurion (CYCU) with a Buy rating and a $7.00 price target. The report highlights Cycurion’s large contracted backlog, revenue profile, and business mix as key factors underpinning its positive view and valuation framework.

How large is Cycurion’s contracted backlog mentioned in the 8-K?

The press release states Cycurion has an $80 million contracted backlog, described as about four times its fiscal 2024 revenue. Management and the research report indicate this backlog is expected to convert into billable work and support significant revenue growth over time.

What financial metrics are cited for Cycurion (CYCU) in the filing?

The release cites current annual revenue of $15.67 million, an estimated market capitalization of $10.68 million, and a Price/Book ratio of 0.53. It also notes high share‑price volatility, with CYCU shares reported as down 78.2% over the past six months.

How does Litchfield Hills value Cycurion versus peers at the $7 target?

Litchfield Hills indicates that at a $7.00 price target, Cycurion would trade at 2.9x estimated 2026 revenue, compared with a stated peer average of 9.0x. The firm characterizes this gap as a steep and unwarranted valuation discount in its report.

Did Cycurion pay for the Litchfield Hills Research coverage?

Yes. The filing explains that Cycurion engaged Litchfield Hills Research and paid a fee for preparation of the report. It also states that Litchfield Hills retained full editorial control and independence over the report’s content, opinions, estimates, projections, and price target.

What business focus does the research highlight for Cycurion (CYCU)?

The report emphasizes Cycurion’s pivot toward higher‑margin cybersecurity solutions, including advisory, managed services, and SaaS offerings. It notes a focus on state and local governments and small businesses, sectors described as under‑secured and increasingly targeted by ransomware attacks.

What risks or cautions are mentioned alongside Cycurion’s outlook?

The press release notes that CYCU stock exhibits high price volatility and has fallen 78.2% over six months. It also includes standard forward‑looking statement warnings that actual results and stock performance may differ materially due to risks and uncertainties beyond the company’s control.