Picture of Concurrent Technologies logo

CNC Concurrent Technologies News Story

0.000.00%
gb flag iconLast trade - 00:00
TechnologySpeculativeSmall CapHigh Flyer

UK's Concurrent Technologies estimates FY25 revenue, profit met market expectations

Overview

UK computer products maker estimates FY25 revenue and profit incraesed, meeting expectations

Company's FY25 order intake hit record £47 mln, driven by Europe and Asia-Pacific demand

Outlook

Concurrent Technologies sees strong demand and record order intake supporting growth

Company expects design wins to convert into production revenues

Concurrent plans strategic management of component costs through the year

Result Drivers

RECORD ORDER INTAKE - FY25 order intake reached a record £47 mln, driven by strong demand from Europe and Asia-Pacific

CONTRACT EXPANSION - Expanded $6.2 mln contract with defense prime contractor highlights growth in design services

Key Details

MetricBeat/MissActualConsensus Estimate
FY OrdersGBP 47 mln
Analyst Coverage The one available analyst rating on the shares is "buy" The average consensus recommendation for the semiconductors peer group is "buy" Wall Street's median 12-month price target for Concurrent Technologies PLC is GBp250.00, about 9.6% above its January 19 closing price of GBp228.00 The stock recently traded at 29 times the next 12-month earnings vs. a P/E of 29 three months ago Press Release: ID:nRST5087Pa For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

Recent news on Concurrent Technologies

See all news