Cryptic crossword clue
Guards cycling contest with revolutionary new screen 8

The most common and most likely answer to this crossword clue is the 8 letter word WATCHMEN

I've seen this crossword clue in Financial Times
W
A
T
C
H
M
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N

Buddy explains!

The straight part
We know that "Guards" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case guards = watchmen.
The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.
This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.

What does WATCHMEN mean?

WATCHMEN noun
  1. One set to watch; a person who keeps guard, especially one who guards a building, or the streets of a city, by night.

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