Craneware Shares Plunge 25% on Cyber Incident and Revenue Guidance Reset

Key Facts

1Craneware shares plunged 25% to 1006p after resetting revenue expectations for the year ending June 2027.

2Peel Hunt slashed profit forecasts and placed its rating and target price for Craneware under review.

3The company now expects fiscal year 2027 revenue of around $185 million, roughly equivalent to its current annual recurring revenue.

In a move reflecting heightened operational risks within the software sector, Craneware shares plunged 25% to reach 1006p. This sharp sell-off followed the company's decision to reset its revenue expectations for the fiscal year ending June 2027, now forecasting approximately $185 million. According to reports, this cautious outlook stems from a cyber security incident in July, the full direct and indirect financial impacts of which have yet to be quantified.

Amidst these developments, Peel Hunt slashed its profit forecasts and placed its rating and target price for Craneware under review, citing a shift toward a more conservative scenario for 2027. While full-year 2026 results showed flat revenue of $206 million and a 7% rise in pre-tax profits to $25.8 million, the market reacted negatively to the forward-looking guidance. The revised 2027 revenue target is now roughly equivalent to the company's current annual recurring revenue.

Based on market data as of September 21, 2026, investors are closely monitoring the company's ability to recover market confidence following the cyber warning. While specific real-time instrument prices are unavailable in the current database snapshot, the focus remains on whether the stock can stabilize at these lower levels. Traders are also looking ahead to broader economic catalysts, including the UK Inflation Rate data scheduled for release later this week.