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Craneware plc reports disappointing fiscal 2026 results
Craneware plc reported its fiscal 2026 full-year results, with CEO Keith Neilson expressing disappointment regarding the company's financial performance. During the earnings call, leadership noted that a cybersecurity incident occurred in early July, following the balance sheet date.
Despite the disappointing results, the company aims to build foundations for growth in fiscal 2027 and 2028, focusing on market opportunities within revenue integrity and the 340B market.
In related trading activity, insider Susan Nelson acquired 1,408 shares of Craneware at an average price of GBX 1,054 per share, totaling approximately £14,840. While Berenberg Bank lowered its price target for the stock from GBX 2,600 to GBX 1,600, it maintained a “Buy” rating. The company maintains a consensus “Buy” rating with an average target price of GBX 1,673.33.