Secunet rises after Berenberg initiates coverage with 'buy'

** Shares in Secunet YSN are up around 5% after Berenberg initiated the German cybersecurity solutions provider with "buy"

** The broker says Secunet is "uniquely positioned" to benefit from government spending on digitalisation and defence due to its focus on protecting sensitive data, critical infrastructure and communication networks

** The public sector already accounts for 90% of revenues, it adds

** Secunet is among the top gainers on the German small-cap index SSDXP