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Wandisco ( (GB:CRTA) ) just unveiled an announcement.
Cirata plc, a company in the UK tech sector, has announced that the Financial Conduct Authority (FCA) has closed its investigation into the company without taking any action. The investigation, which began in April 2023, focused on whether Cirata had mis-stated its financial position in regulatory announcements between May 2021 and March 2023. CEO Stephen Kelly highlighted the efforts of the new management team in restructuring the company and launching the Cirata Symphony Data Orchestration Platform, marking a new chapter for the company.
The most recent analyst rating on (GB:CRTA) stock is a Hold with a £19.50 price target. To see the full list of analyst forecasts on Wandisco stock, see the GB:CRTA Stock Forecast page.
Spark’s Take on GB:CRTA Stock
According to Spark, TipRanks’ AI Analyst, GB:CRTA is a Neutral.
Cirata’s overall stock score reflects significant financial challenges and valuation concerns, offset by positive developments from the earnings call. The company’s strategic focus on data integration and cost management improvements are promising, but execution issues and negative cash flows remain critical risks.
To see Spark’s full report on GB:CRTA stock, click here.
More about Wandisco
Average Trading Volume: 274,498
Technical Sentiment Signal: Strong Sell
Current Market Cap: £24M
For an in-depth examination of CRTA stock, go to TipRanks’ Overview page.