Concurrent Technologies (LON:CNC) Announces Earnings Results

Key Points

• Concurrent Technologies reported GBX 5.86 earnings per share and GBX 4,587 million in revenue for the quarter, with a 12.09% return on equity and a 10.78% net margin.
• Shares were down 7.5%, opening at GBX 193.40; the company has a market cap of £168.24 million and a P/E of 36.7 (12‑month range GBX 153.65–278).
• Berenberg initiated coverage with a Buy rating and GBX 275 target, and MarketBeat reports a consensus Buy rating with a GBX 275 consensus target.

Concurrent Technologies (LON:CNC - Get Free Report) released its earnings results on Monday. The technology company reported GBX 5.86 earnings per share for the quarter, Digital Look Earnings reports. The company had revenue of GBX 4,587 million during the quarter. Concurrent Technologies had a return on equity of 12.09% and a net margin of 10.78%.

Concurrent Technologies Trading Down 7.5%

CNC stock opened at GBX 193.40 on Monday. The company has a market cap of £168.24 million, a P/E ratio of 36.70 and a beta of 1.19. Concurrent Technologies has a twelve month low of GBX 153.65 and a twelve month high of GBX 278. The company has a quick ratio of 1.86, a current ratio of 4.59 and a debt-to-equity ratio of 0.68. The business has a fifty day moving average of GBX 233.91 and a 200-day moving average of GBX 233.18.

Wall Street Analyst Weigh In

Separately, Berenberg Bank initiated coverage on Concurrent Technologies in a research report on Wednesday, January 21st. They set a "buy" rating and a GBX 275 target price for the company. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of GBX 275.

About Concurrent Technologies

Concurrent Technologies Plc develops and manufactures high-end embedded computer products for use in a wide range of high-performance, long-life cycle applications within the telecommunications, defence, security, telemetry, scientific and aerospace markets, including applications within extremely harsh environments. The processor products feature Intel® processors, including the latest 9th generation embedded Intel® Core™ processors, Intel® Xeon® and Intel® Atom™ processors. The products are designed to be compliant with industry specifications and support many of today's leading embedded Operating Systems.

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