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Calnex Solutions – full-year results, how much “confidence in a return to growth” this year?

By Steve Moore | Tuesday 21 May 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.

Previously writing on Calnex Solutions (CLX), describing itself as “a leading provider of test and measurement solutions for the global telecommunications and cloud computing markets”, last month with the shares down to 57p I concluded questioning how much confidence to really have in its outlook and that it could only be on the watchlist for recovery and to still avoid. The shares most recently closed at 62.5p, but what of them currently down to 55p on the back of a full-year results announcement?

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