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Smarttech247 Group PLC ( (GB:S247) ) has issued an announcement.
Smarttech247 Group PLC has announced securing $4.2 million in new and renewed contracts, which will boost its Annual Recurring Revenue (ARR) and enhance its VisionX platform. These contracts, spanning one to three years, include renewals and expansions with clients in the pharmaceutical, automotive, financial, and industrial sectors, reflecting strong demand for Smarttech247’s cybersecurity services. The company’s strategy of focusing on long-term agreements and upselling additional services is reinforced by these contract wins, positioning it for future growth in a market increasingly prioritizing cybersecurity.
Spark’s Take on GB:S247 Stock
According to Spark, TipRanks’ AI Analyst, GB:S247 is a Outperform.
Smarttech247 Group PLC receives a score of 71, reflecting strong revenue growth and strategic contract wins. The robust balance sheet and strategic divestment further support its financial health. However, caution is advised due to cash flow challenges and technical indicators suggesting overbought conditions.
To see Spark’s full report on GB:S247 stock, click here.
More about Smarttech247 Group PLC
Smarttech247 Group PLC is a multi-award-winning provider in the cybersecurity industry, specializing in AI-enhanced services such as automated managed detection and response (MDR) for international clients. The company focuses on delivering comprehensive cybersecurity solutions across various sectors, including pharmaceutical, manufacturing, financial, and industrial markets.
Average Trading Volume: 90,959
Technical Sentiment Signal: Sell
Current Market Cap: £8.8M
For detailed information about S247 stock, go to TipRanks’ Stock Analysis page.