Concurrent Technologies – shares up 39% in just over a month, now at 266p, SQC sets new TP at 300p

Mark Watson-Mitchell – 29.05.2026

On Monday, 13^th April, Concurrent Technologies (LON:CNC) announced its Final Results for the year to end-December 2025.

The designer and manufacturer of leading-edge computer products, systems, and mission-critical solutions used in high-performance markets by some of the world's major OEMs, declared that in 2025, the group reported double-digit growth with a record order intake and continued strategic execution.

The group’s shares touched 191p, off 16.50p on the day.

However, since then, they have shown the market a clean pair of heels as they climbed to 267p at one stage yesterday, before closing at 266p – a 39% gain in just over a month.

Now SQC Research sees them going even higher, to an All-Time High of 300p.

The Business

The Colchester-based group develops and manufactures high-end embedded plug-in cards and systems 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 generation embedded Intel® Core™ processors, Intel® Xeon® and Intel Atom™ processors.

Designed to be compliant with industry specifications, the products support many of today's leading embedded operating systems, and are sold world-wide.

Through partnership and transparency, it delivers mission-critical embedded computing solutions to operate flawlessly in even the harshest environments.

The 2025 Finals

Concurrent Technologies reported a strong financial year end-December 2025, with revenue increasing by 14% to £45.9m and profit before tax rising by 25% to £6.5m.

The company achieved a record order intake of £47.0m, a 15% increase from the previous year, and its closing cash position improved by 5% to £14.4m.

The Products business unit saw revenue grow by 6% to £40.5m, while the Systems business unit experienced significant growth with revenue up 157% to £5.4m.

The company also proposed a final dividend of 1.155p per share.

Management Comment

CEO Miles Adcock stated that:

"Concurrent delivered another year of strong financial and strategic progress in 2025, with double-digit growth in revenue and profit alongside a record order intake.

This performance reflects continued momentum in our core Products business and encouraging progress in Systems, where ongoing investment is building a platform for future scale.

The strength of our relationships with leading global defence primes and the growing portfolio of long-visibility design wins provide increasing visibility as programmes begin to transition into sustained production.

At the same time, continued investment in our operational infrastructure and technology capability is enhancing our ability to support larger and more complex customer programmes.

While cognisant of the broader macro-economic environment, underlying market dynamics remain supportive and the strength of the Company's pipeline, our robust balance sheet and disciplined supply chain management mean that the Board is confident of delivering results for FY26 in line with market expectations."

The Equity

There are some 86.39m shares in issue.

The larger holders include Premier Fund Managers (9.36%), Canaccord Genuity Wealth (4.80%), Lombard Odier Asset Management (4.212%), Rathbones Investment Management (3.74%), KW Investment Management (2.56%), Hargreaves Lansdown Fund Managers (1.24%), Unicorn Asset Management (1.21%), Schroder Investment Management (1.13%), Brooks Macdonald Asset Management (0.96%) and Herald Investment Management (0.94%).

Broker Views

The analyst consensus is for a 260.50p Target Price, with Berenberg Bank going for 275p and Stifel for 250p, while analyst Ian McInally, at Cavendish Capital Markets, rates the group’s shares as a Buy, with a Target Price of 256p.

His current year estimates to end-December, suggest revenues could rise to £52.0m (£45.9m), with adjusted pre-tax profits of £8.3m (£6.9m), earnings of 6.8p (6.0p) and a dividend of 1.3p (1.2p) per share.

For next year, he looks for £60.0m revenues, £10.4m profits, 8.5p earnings and a 1.4p dividend per share.

In viewing the group’s Outlook, McInally states that:

“Small headwinds remain, such as the current DRAM shortage, though Concurrent is managing this, stating that it has supply until Summer 2026 and supplies secured to meet its order pipeline plus c10% headroom.

The FY25 record order intake and expanding pipeline of design wins (LTV now £145m) continues momentum into FY26.”

He concludes that:

“Concurrent remains well positioned to maintain growth momentum within large, worldwide markets.

The core defence sector, from which the business generates c90% of revenue, is at the beginning of a long spending cycle, especially after years of under-investment in defence capability within the UK and wider Europe.”

My View

Since my last Profile on this group on Monday 13^th April, its shares have risen impressively from 195p.

With the group’s AGM expected on Wednesday, 10^th June, there could well be more share price action to come before the next Update.

The shares are now at 266p, while SQC Research sets a new 300p Target Price.

(Profile 09.04.26 @ 192p set a Target Price of 235p*)

(Profile 29.05.26 @ 266p set a Target Price of 300p)

Through partnership and transparency, it delivers mission-critical embedded computing solutions to operate flawlessly in even the harshest environments.