CyanConnode has announced an excellent year end trading update with revenue for the year exceeding market expectations, at an all-time high and more than double the 15 month previous period. With material growth pencilled in for FY22 and substantial market opportunities beyond, we believe the Group has turned the corner and see strong share price performance over the next 6-12 months and likely earnings upgrades. Reiterate buy.
07 Apr 2021
CyanConnode* - Strong Year-End Trading Update - Buy
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CyanConnode* - Strong Year-End Trading Update - Buy
CyanConnode Holdings plc (CYAN:LON) | 9.0 0 0.0% | Mkt Cap: 26.9m
- Published:
07 Apr 2021 -
Author:
Andrew Simms -
Pages:
5
CyanConnode has announced an excellent year end trading update with revenue for the year exceeding market expectations, at an all-time high and more than double the 15 month previous period. With material growth pencilled in for FY22 and substantial market opportunities beyond, we believe the Group has turned the corner and see strong share price performance over the next 6-12 months and likely earnings upgrades. Reiterate buy.