Concurrent Technologies (LON:CNC) Issues Earnings Results

Concurrent Technologies (LON:CNC) released its quarterly earnings data 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 for the quarter. Concurrent Technologies had a return on equity of 11.85% and a net margin of 11.03%.

Concurrent Technologies Stock Down 1.0%

LON CNC opened at GBX 202.96 on Wednesday. The company has a current ratio of 3.64, a quick ratio of 1.86 and a debt-to-equity ratio of 4.84. The stock’s 50 day moving average is GBX 231.52 and its two-hundred day moving average is GBX 232.91. The company has a market capitalization of £176.55 million, a price-to-earnings ratio of 38.51 and a beta of 1.19. Concurrent Technologies has a 1-year low of GBX 158 and a 1-year high of GBX 278.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank began coverage on Concurrent Technologies in a report on Wednesday, January 21st. They set a “buy” rating and a GBX 275 price objective on the stock. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Concurrent Technologies currently has a consensus rating of “Buy” and a consensus target price of GBX 275.

Concurrent Technologies Company Profile

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.