Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Previously writing on company describing itself as “a leading provider of test and measurement solutions for the global telecommunications and cloud computing markets” Calnex Solutions (CLX), in August with the shares at 135.5p I questioned how confident to be of results in line with market expectations. Now a “trading update” intra-day (uh oh), though it includes that the company’s “sales pipeline remains strong… longer-term, the underlying market drivers continue to build, such as the need to upgrade telecoms infrastructure to deliver the promise of 5G, and to enhance data centre operations to support the demand for cloud computing and advancements in AI and Virtual Reality technologies”. However, what of a current circa 70p share price?
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