Concurrent Technologies Issues New Shares Following Employee Option Exercise

An announcement from Concurrent Technologies ( (GB:CNC) ) is now available.

Concurrent Technologies Plc has announced the issuance of 26,471 new ordinary shares to accommodate the exercise of options by employees under its Long Term Incentive Plan. This move will increase the total number of ordinary shares with voting rights to 86,391,211, providing shareholders with a new denominator for interest calculations under the FCA’s Disclosure Guidance and Transparency Rules.

Spark’s Take on GB:CNC Stock

According to Spark, TipRanks’ AI Analyst, GB:CNC is a Outperform.

Concurrent Technologies scores highly due to its strong financial performance and strategic growth initiatives. While technical indicators are positive, caution is advised due to potential overvaluation and high momentum indicators. The company’s proactive approach to expansion and product innovation further supports its positive outlook.

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

More about Concurrent Technologies

Concurrent Technologies Plc develops and manufactures high-end embedded Plug In Cards and Systems for use in a wide range of high performance, long life cycle applications within the telecommunications, defence, security, telemetry, scientific, and aerospace markets. Their products feature Intel processors and are designed to be compliant with industry specifications, supporting many leading embedded Operating Systems. The company serves global markets, including applications in extremely harsh environments.

Average Trading Volume: 291,990

Technical Sentiment Signal: Buy

Current Market Cap: £172.3M

See more data about CNC stock on TipRanks’ Stock Analysis page.