Spirent Communications (SPT)

Sector:

IT Hardware

Index:

FTSE 250

185.00p
   
  • Change Today:
      0.30p
  • 52 Week High: 200.00p
  • 52 Week Low: 90.10p
  • Currency: UK Pounds
  • Shares Issued: 578.65m
  • Volume: 2,175,457
  • Market Cap: £1,070.50m
  • RiskGrade: 172

Spirent sees FY in line with consensus as 5G drives revenues

By Frank Prenesti

Date: Monday 18 Jan 2021

LONDON (ShareCast) - (Sharecast News) - Telecommunications testing firm Spirent said full-year profits were expected to be in line with expectations after a strong fourth quarter driven by work on 5G infrastructure.
The company on Monday said revenue grew by 4% to $522m and adjusted operating profit was forecast to be in line with market consensus "which represents strong earnings growth over 2019".

Spirent added that it was reviewing its cash position against the future outlook and investment opportunities and would return any money deemed excess to shareholders.

Adjusted operating margin has increased to almost 20% from 18% in 2019, Spirent said in a trading statement.

Cash closed at $241m, with high conversion driven from continued strong working capital management.

Email this article to a friend

or share it with one of these popular networks:


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 185.00p
Change Today 0.30p
% Change 0.16 %
52 Week High 200.00p
52 Week Low 90.10p
Volume 2,175,457
Shares Issued 578.65m
Market Cap £1,070.50m
RiskGrade 172

SPT Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
83.26% below the market average83.26% below the market average83.26% below the market average83.26% below the market average83.26% below the market average
41.67% below the sector average41.67% below the sector average41.67% below the sector average41.67% below the sector average41.67% below the sector average
Price Trend
37.17% above the market average37.17% above the market average37.17% above the market average37.17% above the market average37.17% above the market average
62.96% above the sector average62.96% above the sector average62.96% above the sector average62.96% above the sector average62.96% above the sector average
Income
66.12% below the market average66.12% below the market average66.12% below the market average66.12% below the market average66.12% below the market average
71.43% below the sector average71.43% below the sector average71.43% below the sector average71.43% below the sector average71.43% below the sector average
Growth
98.86% below the market average98.86% below the market average98.86% below the market average98.86% below the market average98.86% 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 18-Jun-2024

Time Volume / Share Price
16:38 180,000 @ 184.00p
16:35 534,466 @ 185.00p
16:35 2,685 @ 185.00p
16:35 5,056 @ 185.00p
16:35 5,000 @ 185.00p

SPT Key Personnel

CEO Eric Updyke

Top of Page