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Wandisco ( (GB:CRTA) ) has shared an announcement.
Cirata plc has secured a significant $6.7 million, three-year contract with IBM to provide data integration software for a financial services client. This contract, the largest in Cirata’s history with IBM, is expected to enhance Cirata’s standing in the financial services market and strengthen its strategic partnership with IBM.
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
Cirata plc operates in the data integration industry, providing software solutions that facilitate data replication and integration. The company focuses on serving the financial services sector and has established partnerships with major technology firms like IBM.
Average Trading Volume: 198,417
Technical Sentiment Signal: Sell
Current Market Cap: £24.32M
For detailed information about CRTA stock, go to TipRanks’ Stock Analysis page.