Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
An announcement from Iomart Group plc ( (GB:IOM) ) is now available.
Iomart Group plc has announced that Chief Financial Officer Scott Cunningham will step down after more than seven years with the company to pursue a role in a private business outside the IT sector. He will remain in post through the March 2026 year-end reporting cycle to ensure an orderly transition, with his departure from the board expected in June and a search for his successor now under way.
Alongside the board change, iomart reported softer trading in December and January, marked by higher customer churn in some high-margin areas and lower-than-expected growth despite gains in Azure, security and Microsoft 365. The group still expects positive net order bookings and is delivering more than £5m in annualised cost savings, but now forecasts full-year revenue broadly in line with, and EBITDA just below, the lower end of market expectations, while maintaining strong cash discipline within existing bank facilities.
The most recent analyst rating on (GB:IOM) stock is a Hold with a £19.00 price target. To see the full list of analyst forecasts on Iomart Group plc stock, see the GB:IOM Stock Forecast page.
Spark’s Take on GB:IOM Stock
According to Spark, TipRanks’ AI Analyst, GB:IOM is a Neutral.
The score is primarily weighed down by weak financial performance: a sharp swing to losses, higher leverage, and declining free cash flow. Technicals are mixed (short-term support but negative MACD and price below the 200-day average). Valuation is also mixed, with a negative P/E (loss-making) partially offset by a very high dividend yield that may signal higher risk.
To see Spark’s full report on GB:IOM stock, click here.
More about Iomart Group plc
Iomart Group plc is a UK-based provider of secure cloud managed services, generating most of its revenue in the UK and serving businesses that need support with complex modern IT. The company’s 600-plus staff deliver cloud infrastructure, modern workplace management and managed security services, leveraging extensive Microsoft, VMware and Commvault partnerships to offer hybrid cloud, data protection and cyber-resilience solutions.
Average Trading Volume: 236,888
Technical Sentiment Signal: Strong Sell
Current Market Cap: £21.91M
For detailed information about IOM stock, go to TipRanks’ Stock Analysis page.