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Pin to quick picksCerillion Share News (CER)

Share Price Information for Cerillion (CER)

London Stock Exchange
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Share Price: 1,550.00
Bid: 1,530.00
Ask: 1,570.00
Change: 20.00 (1.32%)
Spread: 40.00 (2.614%)
Open: 1,520.00
High: 1,540.00
Low: 1,530.00
Prev. Close: 1,520.00
CER Live PriceLast checked at -

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Canaccord Genuity initiates coverage on Cerillion at 'buy'

Thu, 05th Nov 2020 12:28

(Sharecast News) - Analysts at Canaccord Genuity initiated coverage of software firm Cerillion with a 'buy' rating and 350.0p target price on Thursday.
Canaccord said the experience of Cerillion's senior management in the billing and CRM software solutions area was "impressive", with both the chief executive and financial officers having been with the group effectively since the management buyout in 1999.

The Canadian bank stated that with the advent of a telecom super cycle in 5G and an important Nokia partnership providing additional pipeline potential, it believes that sales growth should be roughly 10% compound annual growth rate over the next three years.

Canaccord also highlighted that Cerillion's order book at the end of the first half stood at over £19.0m and that it already held £5.5m in contracted support and subscription revenues.

"The vast majority of this revenue will be taken to the P&L in FY21/22, providing a sound base from which to win new business and grow sales," said Canaccord.

Additionally, Canaccord also pointed out that back in September, Cerillion was awarded its largest-ever contract - an £11.2m agreement with an unnamed "major UK connectivity provider", with the vast majority being recognised in 2021/22.
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11 Mar 2021 20:09

IN BRIEF: Cerillion signs deal with network operator in Middle East

IN BRIEF: Cerillion signs deal with network operator in Middle East

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11 Mar 2021 15:52

Cerillion gets first contract through 'major' channel partner

(Sharecast News) - Billing, charging and customer relationship management software company Cerillion announced on Thursday that a major channel partner relationship had yielded its first contract, worth £5m, with a publicly-owned network operator in the Middle East.

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16 Feb 2021 11:43

Canaccord Genuity raises target price on Cerillion

(Sharecast News) - Analysts at Canaccord Genuity raised their target price on software firm Cerillion from 350.0p to 465.0p on Tuesday, stating that demand was "good" but also noting that execution was "key".

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23 Nov 2020 08:41

Record contract helps Cerillion beat annual forecasts

(Sharecast News) - Cerillion reported forecast-beating annual revenues and profits on Monday after new orders held up despite Covid-19 hitting the wider economy.

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18 Nov 2020 17:17

Cerillion Signs New Three-Year Contract With Proximus Group's Scarlet

Cerillion Signs New Three-Year Contract With Proximus Group's Scarlet

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18 Nov 2020 14:49

Cerillion nets new three-year contract with Belgium's Scarlet

(Sharecast News) - Billing and customer relationship management software company Cerillion announced a new three-year managed services contract with Scarlet on Wednesday, which is a triple-play communications services provider in Belgium, part of the Proximus Group.

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15 Oct 2020 18:40

UK TRADING UPDATE SUMMARY: USD11 Million Phoenix Buy For discoverIE

UK TRADING UPDATE SUMMARY: USD11 Million Phoenix Buy For discoverIE

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15 Oct 2020 11:38

Cerillion reports 'strong' second half trading

(Sharecast News) - Billing and customer relationship management software company Cerillion said on Thursday that trading over the rest of its second half continued strongly, as it signed its largest ever contract in mid-September.

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15 Sep 2020 13:47

Tuesday broker round-up

(Sharecast News) - Glencore: RBC Capital Markets upgrades to outperform with a target price of 240.0p

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15 Sep 2020 11:40

Cerillion Wins Contract Worth GBP11.2 Million For CRM Solution

Cerillion Wins Contract Worth GBP11.2 Million For CRM Solution

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15 Sep 2020 10:14

Cerillion secures largest-ever contract win

(Sharecast News) - Software solutions group Cerillion has secured its largest-ever contract win.

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28 Jul 2020 14:02

IN BRIEF: Norman Broadbent Says Earnings Positive; Taps New Chair

IN BRIEF: Norman Broadbent Says Earnings Positive; Taps New Chair

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1 Jul 2020 15:46

IN BRIEF: Cerillion Undeterred By Lockdown, Completes Project Remotely

IN BRIEF: Cerillion Undeterred By Lockdown, Completes Project Remotely

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8 Jun 2020 17:55

UPDATE: Cerillion Co-Founder And CFO Sell 2.7 Million Shares

UPDATE: Cerillion Co-Founder And CFO Sell 2.7 Million Shares

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