Describing itself as a “leading provider of automated test and assurance solutions for next-generation devices and networks”, Spirent Communications (SPT) has issued a trading update including that it is “accelerating our focus on non-telco end markets, and we have seen good growth in order intake for our Positioning business and from Hyperscalers… We are pleased to have started the new financial year with a growing orderbook” and that “the long-term structural growth drivers for our business continuing to be compelling”. So what of a share price currently up towards 127p in response?
Describing itself as a “leading provider of automated test and assurance solutions for next-generation devices and networks”, Spirent Communications (SPT) has issued a “Third Quarter 2023 Trading Update” announcement including noting “strong growth from our non-telecommunications end markets such as Positioning” but that “the telecommunications market is extremely challenged at this time, with Spirent's largest customers delaying their expenditure and technology investments”. So what’s the overall trading impact, with the shares in response currently approaching 30% lower towards 90p?
Hello Share Snafflers. There are companies that work hand in hand with other businesses to make them more efficient. There’s a perception that successful enterprises don't need such outside help. But that’s not what the big techies believe. And nearly all of the industry giants use the expert services of Spirent Communications (SPT). It monitors and tests the equipment and running of big communication companies to make sure they operate at maximum efficiency. Because if your system doesn't work properly, you’re in dead trouble with your customers.
What can be seen on the daily chart of Spirent Communications (SPT) is the way that the shares still have their price action dominated by a relatively large gap to the downside seen on October.







