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Calnex Solutions – AGM trading statement, how much confidence to have in “return to growth” now?

By Steve Moore | Thursday 22 August 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 an “AGM Statement” with one of the stated “Highlights” including “the board is encouraged by early successes of Calnex's new product releases and with continued tight cost control the board anticipates the company's performance in FY25 will be in line with market expectations”. The shares have currently edged up to 53p in response, but what about that comparing to above 80p even early this year?
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