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An update from CyanConnode Holdings ( (GB:CYAN) ) is now available.
CyanConnode Holdings announced a successful trading update for the first half of FY2026, highlighted by a significant contract win in Goa, India, worth approximately £70 million. Despite currency translation effects, the company’s revenue increased by 31% to £7.4 million, driven by smart metering projects in India and other regions. The company shipped 893,000 Omnimesh Modules in India during this period, reflecting strong operational momentum. With a robust order book of £157 million and the upcoming commencement of the Goa AMISP project, CyanConnode is well-positioned for sustained growth and market expansion. The company’s strategic focus on the Indian market, with a substantial pipeline of opportunities, supports its positive outlook for continued revenue growth.
The most recent analyst rating on (GB:CYAN) stock is a Hold with a £8.00 price target. To see the full list of analyst forecasts on CyanConnode Holdings stock, see the GB:CYAN Stock Forecast page.
Spark’s Take on GB:CYAN Stock
According to Spark, TipRanks’ AI Analyst, GB:CYAN is a Neutral.
CyanConnode Holdings’ overall stock score is primarily influenced by its financial performance challenges, including negative profitability and cash flow issues. However, recent corporate events, such as securing major contracts and funding, provide a positive outlook for future growth. Technical analysis indicates bearish momentum, and valuation metrics reflect ongoing financial difficulties. The company must address its financial health to improve its stock attractiveness.
To see Spark’s full report on GB:CYAN stock, click here.
More about CyanConnode Holdings
CyanConnode Holdings plc is a global provider specializing in IoT communication and smart metering solutions. The company focuses on delivering advanced metering infrastructure services, particularly in India, through its subsidiary DigiSmart Networks Private Limited. CyanConnode is actively involved in smart meter installations and communication systems, with a strong presence in both the Indian and international markets.
Average Trading Volume: 258,843
Technical Sentiment Signal: Sell
Current Market Cap: £21.84M
For a thorough assessment of CYAN stock, go to TipRanks’ Stock Analysis page.