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Calnex Solutions – “broadly in line with” (i.e. a bit behind) expectations… which it dare not mention were already massively reduced!

By Steve Moore | Wednesday 3 April 2024


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.


Describing itself as “a leading provider of test and measurement solutions for the global telecommunications and cloud computing markets”, Calnex Solutions (CLX) has issued a trading update with founder CEO Tommy Cook emphasising “in the face of a challenging telecoms market we have successfully adjusted the focus of our engineering programmes towards the markets showing the most resilience and opportunity”. So what of a share price currently down to 57p in response?
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