Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Concurrent Technologies ( (GB:CNC) ) just unveiled an update.
Concurrent Technologies Plc has secured a $5.25 million contract to provide design services to a major US defence contractor, marking the first time this customer has outsourced its computer product design and Concurrent’s initial foray into offering design services. This contract, effective immediately and running through 2026, aligns with the Department of Defence’s push for open standards and agile solutions, and represents an opportunity for Concurrent to explore design services as a potential business line, capitalizing on the trend of outsourced hardware development.
The most recent analyst rating on (GB:CNC) stock is a Buy with a £2.20 price target. To see the full list of analyst forecasts on Concurrent Technologies stock, see the GB:CNC Stock Forecast page.
Spark’s Take on GB:CNC Stock
According to Spark, TipRanks’ AI Analyst, GB:CNC is a Outperform.
Concurrent Technologies’ strong financial performance is the most significant factor, supported by robust revenue growth and effective cash management. However, the technical indicators suggest neutral to bearish momentum, and the high P/E ratio indicates the stock may be overvalued, which tempers the overall score.
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 high-performance, long-life cycle applications across various sectors such as telecommunications, defence, security, telemetry, scientific, and aerospace. Their products, featuring Intel processors, are designed to comply with industry specifications and support leading embedded operating systems, with a global sales reach.
Average Trading Volume: 332,650
Technical Sentiment Signal: Buy
Current Market Cap: £191.5M
See more data about CNC stock on TipRanks’ Stock Analysis page.