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Cirata Completes DevOps Divestment to Focus on Data Integration

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Cirata Completes DevOps Divestment to Focus on Data Integration

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Wandisco ( (GB:CRTA) ) just unveiled an announcement.

Cirata plc has completed the divestment of its DevOps assets to BlueOptima Ltd, receiving an initial $2.5 million with a potential additional $1 million contingent on customer transfers. This move allows Cirata to concentrate on its core Data Integration business, which is pivotal for its growth strategy.

The most recent analyst rating on (GB:CRTA) stock is a Buy with a £93.00 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.

The overall stock score of 41 reflects significant financial challenges, including negative cash flows and profitability issues, combined with bearish technical indicators. However, recent corporate events and strategic initiatives provide some optimism for future improvements.

To see Spark’s full report on GB:CRTA stock, click here.

More about Wandisco

Cirata accelerates data-driven revenue growth by automating data transfer and integration to modern cloud analytics and AI platforms without downtime or disruption. Its solutions enable data leaders to utilize AI and analytics across their entire enterprise data estate, offering flexibility in choosing analytics technologies and avoiding vendor lock-in.

Average Trading Volume: 245,326

Technical Sentiment Signal: Strong Sell

Current Market Cap: £24.6M

For detailed information about CRTA stock, go to TipRanks’ Stock Analysis page.

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