Calnex Solutions (CLX)

Sector:

IT Hardware

Index:

FTSE AIM All-Share

58.50p
   
  • Change Today:
    -0.50p
  • 52 Week High: 140.50
  • 52 Week Low: 41.00
  • Currency: UK Pounds
  • Shares Issued: 87.56m
  • Volume: 105,827
  • Market Cap: £51.22m
  • RiskGrade: 286

Calnex experiences 'continued strong levels of trading' in H1

By Iain Gilbert

Date: Tuesday 12 Oct 2021

LONDON (ShareCast) - (Sharecast News) - Telecommunications equipment company Calnex Solutions said on Tuesday that it had experienced "continued strong levels of trading" in the first half of the year, a trend it expects to continue through the second half.
As a result of its strong performance, Calnex now anticipates that full-year revenue and profits will be "materially ahead of previous expectations", with its "robust cash position" allowing the group to bring forward planned investment into its team and operational capability in order to keep up with order growth.

The AIM-listed group noted it had seen a return to pre-Covid customer spending patterns in all regions, other than in China where demand was in line with that seen in 2020.

Calnex also highlighted that it had not experienced any negative impact from the ongoing global semiconductor shortage on its ability to manufacture and ship products, although it said the board was continuing to monitor the situation closely.

Chief executive Tommy Cook said: "We have seen most of our customers return to pre-Covid spending patterns and have experienced demand from both new and existing customers for our latest product enhancements.

"Whilst we remain cautious with regards to the ongoing global semiconductor shortages, the strength in customer orders in the first half of the year provides us with confidence that the full-year revenue and profits will exceed that of the record prior year and mark another considerable step forward for Calnex, as we continue to capitalise on the industry's transitions to 5G and the growth of cloud computing."

As of 1000 BST, Calnex shares were up 8.46% at 124.19p.

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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.

 

CLX Market Data

Currency UK Pounds
Share Price 58.50p
Change Today -0.50p
% Change -0.85 %
52 Week High 140.50
52 Week Low 41.00
Volume 105,827
Shares Issued 87.56m
Market Cap £51.22m
RiskGrade 286

CLX Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
38.33% below the market average38.33% below the market average38.33% below the market average38.33% below the market average38.33% below the market average
27.27% below the sector average27.27% below the sector average27.27% below the sector average27.27% below the sector average27.27% below the sector average
Price Trend
77.71% below the market average77.71% below the market average77.71% below the market average77.71% below the market average77.71% below the market average
76% below the sector average76% below the sector average76% below the sector average76% below the sector average76% below the sector average
Income
24.75% above the market average24.75% above the market average24.75% above the market average24.75% above the market average24.75% above the market average
50.00% above the sector average50.00% above the sector average50.00% above the sector average50.00% above the sector average50.00% above the sector average
Growth
48.23% above the market average48.23% above the market average48.23% above the market average48.23% above the market average48.23% above the market average
20.00% above the sector average20.00% above the sector average20.00% above the sector average20.00% above the sector average20.00% above the sector average

CLX Dividends

  Latest Previous
  Interim Final
Ex-Div 30-Nov-23 27-Jul-23
Paid 15-Dec-23 30-Aug-23
Amount 0.31p 0.62p

Trades for 28-Mar-2024

Time Volume / Share Price
15:40 10 @ 59.00p
15:40 2 @ 59.00p
15:40 2 @ 59.00p
15:40 9 @ 59.00p
15:40 169 @ 59.00p

CLX Key Personnel

CEO Thomas (Tommy) Cook
CFO Ashleigh Joanne Greenan

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