UK's Cerillion gains on strong FY results

Cerillion

18/11/2024 10:15

** Shares's of UK co Cerillion  CER.L  up 2.13% at 1,920p
    ** The billing, charging and customer relationship
management software solutions provider reports FY adj. pretax
profit of 19.8 mln pounds, beating analysts' estimate of 18.6
mln pounds
    ** Co also reports FY rev 43.8 mln pounds vs. consensus
estimate of 44 mln pounds
    **  "Plenty of scope for further market share gains with its
broad 'out-of-the-box' software offering," says brokerage
Canaccord Genuity
    ** At least three brokerages raise PT after FY results
    ** Six of seven brokerages rate the stock "buy" or higher
and one "hold"; their median PT is 2,000P - LSEG
    ** Up to Friday's close, stock had risen ~20% YTD

 (Reporting by Joel Jose in Bengaluru)
 ((joeljose@thomsonreuters.com))