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An update from Wandisco ( (GB:CRTA) ) is now available.
Cirata plc has secured a $3.1 million, three-year data integration contract with a leading US insurer, marking the largest direct contract in the company’s history. This contract signifies a strategic shift from a one-year legacy agreement to a longer-term partnership, enhancing Cirata’s industry positioning and potentially impacting its operations and stakeholder relationships positively.
The most recent analyst rating on (GB:CRTA) stock is a Hold with a £21.00 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 is primarily influenced by its financial challenges, including declining revenues and negative cash flows. While the earnings call provided some optimism with strong growth and strategic moves, the company’s valuation remains a concern due to its unprofitability. Technical indicators are mixed, offering no clear short-term direction.
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 focus on data migration and disaster recovery applications. The company is known for its Data Integration (DI) software and has a market focus on long-term partnerships with significant clients.
Average Trading Volume: 223,175
Technical Sentiment Signal: Strong Sell
Current Market Cap: £23.34M
See more insights into CRTA stock on TipRanks’ Stock Analysis page.