Spirent Communications (SPT)

Sector:

IT Hardware

Index:

FTSE 250

170.30p
   
  • Change Today:
    -0.70p
  • 52 Week High: 200.00
  • 52 Week Low: 90.10
  • Currency: UK Pounds
  • Shares Issued: 578.65m
  • Volume: 105,965
  • Market Cap: £985.43m
  • RiskGrade: 172
  • Beta: 0.00

Spirent Communications swings to loss in first half

By Michele Maatouk

Date: Tuesday 06 Aug 2024

LONDON (ShareCast) - (Sharecast News) - Spirent Communications said on Tuesday that it swung to a loss in the first half as revenue fell amid challenging trading conditions.
In the six months to the end of June, the company swung to a reported pre-tax loss of £7.5m from a profit of £4.8m in the same period a year earlier. Revenue fell 12% to £197.3m, while the order book was down 6% at £284.2m. Order intake declined 21% to £188.8m.

Spirent said the industry-wide slowdown continued in 2024, particularly in the telecommunications sector, where customer spending remained constrained.

"This coupled with customer hesitancy resulting from the recent announcement of the offer for the group by Keysight contributed to the impact of the group's performance in the first half of the year," it said. "We continue to engage closely with our customers to understand their needs.

"These factors impacted our first half order intake and revenue, as many customers continued to display caution in their investment decisions, including delayed deployments of 5G standalone (with a 5G core network), and the impact on spending in China."

The company said it expects the challenging market conditions seen in the first half to continue in the second, and for this to be reflected in its near-term performance.

"Looking forward, our confidence in 5G as an enduring growth driver remains intact and acceleration is anticipated in 2025 as demand-side drivers increase," it added.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

SPT Market Data

Currency UK Pounds
Share Price 170.30p
Change Today -0.70p
% Change -0.41 %
52 Week High 200.00
52 Week Low 90.10
Volume 105,965
Shares Issued 578.65m
Market Cap £985.43m
Beta 0.00
RiskGrade 172

SPT Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
90.1% below the market average90.1% below the market average90.1% below the market average90.1% below the market average90.1% below the market average
70% below the sector average70% below the sector average70% below the sector average70% below the sector average70% below the sector average
Price Trend
22.99% below the market average22.99% below the market average22.99% below the market average22.99% below the market average22.99% below the market average
4.00% above the sector average4.00% above the sector average4.00% above the sector average4.00% above the sector average4.00% above the sector average
Income
91.35% below the market average91.35% below the market average91.35% below the market average91.35% below the market average91.35% below the market average
42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average
Growth
98.51% below the market average98.51% below the market average98.51% below the market average98.51% below the market average98.51% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 2
Sell 0
Strong Sell 0
Total 3
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

SPT Dividends

  Latest Previous
  Interim Final
Ex-Div 10-Aug-23 16-Mar-23
Paid 15-Sep-23 10-May-23
Amount 2.14p 4.12p

Trades for 03-Oct-2024

Time Volume / Share Price
15:40 1 @ 170.40p
15:30 2 @ 170.30p
15:30 200 @ 170.30p
15:30 128 @ 170.30p
15:25 1 @ 170.40p

SPT Key Personnel

CEO Eric Updyke

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