Cirata plc Focuses on Data Integration with Strategic Moves and New Contracts

An announcement from Wandisco ( (GB:CRTA) ) is now available.

Cirata plc has reported a significant transformation in its operations, highlighted by the divestment of its DevOps business and a strategic focus on its Data Integration (DI) product line. The company announced a substantial 3-year contract with a leading US insurer, marking the largest direct contract in its history, and launched the Cirata Symphony platform to enhance its market positioning. Financially, Cirata has reduced its cost base significantly and improved its cash burn rate, setting a solid foundation for future growth and operational leverage. The company remains optimistic about its Q4FY25 performance, driven by early momentum and a streamlined cost structure.

The most recent analyst rating on (GB:CRTA) stock is a Hold with a £21.50 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 negative cash flows and ongoing losses. Despite positive developments in revenue growth and strategic partnerships, these are offset by valuation concerns and execution challenges highlighted in the earnings call.

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

More about Wandisco

Cirata plc operates in the data integration industry, focusing on providing solutions for enterprise data modernization through its product line, including the Cirata Symphony platform. The company has divested its DevOps business to concentrate on its core data integration offerings, aiming to leverage growth potential in this sector.

Average Trading Volume: 221,639

Technical Sentiment Signal: Strong Sell

Current Market Cap: £26.66M

For an in-depth examination of CRTA stock, go to TipRanks’ Overview page.