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The latest update is out from Wandisco ( (GB:CRTA) ).
Cirata plc has reported a significant 58% year-over-year growth in bookings for the first half of the fiscal year 2025, with a notable 244% increase in data integration sales. The company has divested its DevOps assets to BlueOptima for up to $3.5 million, allowing Cirata to focus on its core data integration business. This strategic move is expected to enhance financial flexibility and support growth initiatives. Despite a decline in total Q2 bookings, Cirata has reduced its cash burn and strengthened its sales execution with the appointment of a new Chief Revenue Officer. The company remains optimistic about its growth trajectory, particularly in the data integration sector, and aims to leverage partnerships such as the one with Microsoft Azure to expand its market reach.
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.
Cirata’s overall stock score reflects significant financial challenges, as highlighted by a poor financial performance score. However, positive corporate events, such as a new contract and record bookings, provide a potential upside. The technical analysis suggests mixed momentum, and valuation concerns persist due to negative earnings.
To see Spark’s full report on GB:CRTA stock, click here.
More about Wandisco
Cirata plc operates in the technology sector, focusing on data integration and orchestration solutions. The company’s primary product offerings include the Live Data Migrator (LDM) and data orchestration platforms, which facilitate the migration and management of large-scale data across enterprises. Cirata is strategically positioned to address the challenges of data modernization, particularly in enabling secure and efficient data movement and interoperability across cloud environments.
Average Trading Volume: 292,315
Technical Sentiment Signal: Sell
Current Market Cap: £34.93M
Learn more about CRTA stock on TipRanks’ Stock Analysis page.