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Craneware shares drop 25% after cutting profit forecasts due to cyber incident impact.

Market News
21 Sep 2026
Proactive Investors
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Bearish
Craneware shares drop 25% after cutting profit forecasts due to cyber incident impact.

Craneware PLC's shares fell 25% after the company lowered its revenue expectations to around $185 million for the year ending June 2027, following a cyber security incident. Peel Hunt responded by cutting profit forecasts significantly, reducing EBITDA estimates for 2027 and 2028 by 36% and 26%, respectively, reflecting a cautious outlook. Despite this, Craneware expects growth opportunities from US drug pricing changes and is reviewing costs to adjust to the weaker near-term outlook. Full-year 2026 results showed stable revenue and modest profit growth, but the cyber incident's financial impact remains uncertain.

Craneware's shares fell sharply after a cyber warning and forecast cuts. For readers following technology stocks, here is Pluang's market snapshot as of Sep 21, 2026 16:01 WIB: out of 150 US technology stocks, 114 rose and 25 fell. Logitech International SA (LOGI) gained 3.18% to USD 104.42 with a typical hold time of 91 days, Corning Incorporated (GLW) rose 3.08% to USD 154.74 with a 34-day hold, and Enovix Corporation (ENVX) increased 3.01% to USD 3.08 with a 10-day hold.

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