Cerillion Secures £17.3m Contracts to Enhance European Market Position

Cerillion ( (GB:CER) ) has shared an update.

Cerillion has secured two major follow-on contracts worth £17.3 million with an existing European customer, building on a previous £8 million agreement. These contracts, among the company’s largest, involve the integration of the customer’s newly-acquired Tier-1 customer base into Cerillion’s BSS/OSS platform, covering software licenses, maintenance, managed services, and the Evergreen programme. This strategic win enhances Cerillion’s market position by validating its product-centric approach, which aims to reduce costs and improve operational efficiencies for clients.

The most recent analyst rating on (GB:CER) stock is a Hold with a £1578.00 price target. To see the full list of analyst forecasts on Cerillion stock, see the GB:CER Stock Forecast page.

Spark’s Take on GB:CER Stock

According to Spark, TipRanks’ AI Analyst, GB:CER is a Neutral.

Cerillion’s strong financial performance is the most significant factor, showcasing robust growth and profitability. However, technical analysis indicates bearish momentum, and the valuation suggests the stock is relatively expensive, which tempers the overall score.

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

More about Cerillion

Cerillion is a provider of mission-critical software solutions for billing, charging, and customer relationship management (CRM), primarily serving the telecommunications sector, along with utilities and financial services. With a 25-year history, the company operates globally with installations in approximately 75 customer sites across 45 countries. Headquartered in London, Cerillion also has operations in India and Bulgaria, and a sales presence in the USA, Singapore, and Australia.

Average Trading Volume: 94,108

Technical Sentiment Signal: Sell

Current Market Cap: £416M

For detailed information about CER stock, go to TipRanks’ Stock Analysis page.