From the annual report
The Board believes that the Spirent throughput in FY23 is not indicative of the Group’s reliance on Spirent for revenues and that Calnex has strong direct relationships with the relevant end users. In addition, all products are branded as Calnex products when they are sold through Spirent and customers are fully aware that they are buying a Calnex product through the Spirent channel.
The Group has changed channel partners multiple times in the past and has managed this process with little disruption to trading.
FY23 saw a reinforcement of the commitment by Spirent and Calnex to the ongoing relationship with the signing of an updated distribution agreement. |
I wonder how the Spirent news will play out for Calnex. |
 Calnex panic entices Sanford DeLand’s Burns
The steep fall suffered by network testing technology provider Calnex (CLX) is a classic example of panic selling, says Sanford DeLand manager Eric Burns, who has added to his position. "After several years of stellar growth, brought about by the increasing sophistication of mobile networks, it fell foul of a significant reining in of capital spending, especially in North America. The share price reaction to Calnex is a classic example of… panic selling. It is at such a time investor psychology becomes paramount. Investors are encouraged to take a step back, assess the situation objectively, and consider the long-term fundamentals of the investment." Burns said.
While Burns said market downturns are painful short-term, they also present opportunities and he added to his position as the shares slumped into ‘deep value territory’. Burns holds the stock in his £70m CFP SDL Free Spirit fund, where it was the biggest detractor in December as the shares shed more than 60%. They closed at 77.2p on Tuesday, having clawed back almost 12% over the last week. |
The markets in which we operate in are expected to remain subdued into FY24 |
"There is poor news brewing."
Pure speculation. Over the past 3 months the Spirent shareprice has risen by circa 33% whilst the Calnex shareprice has increased by circa 75%. Sentiment suggests that the poor news was already in the price following the negative October update and that the forward prospects remain positive. |
Noticeable that spirent have come out to confirm they are on target to meet forecast, however with a year end of March, calnex have said nothing despite being only two months from closing the books.
Given the disgrace of the communications over the trading update, I would have expected the board to have released a statement to show a level of confidence on meeting guidance, and to rebuild trust.
There is poor news brewing. |
Spirant should buy Calnex good add on and they have the cash to do so |
Spirent in the 250 - CLX is not. |
Spirent up 40% over the past 3 months but Calnex up only 25% over the same timeframe! |
Thought I would dip my toe in these . Fairly Tight stop |
Routine according to the plan.
red |
Am picking up via another company that 5G is looking positive and a bot of a coiled spring.
Anyone attending tomorrow? Sadly I have a prior or would be attending.
Anyway divvi being paid - so has to be a positive
Good Luck all |
Nasty result 🤢 |
Unfortunately that’s just a ramp…
If profits can increase c30% on last years record, and the PE goes up to 25 then of course the share price will go up. You can say that about any company.
You can also say that other companies will join the market, telcos will be hit hard in any downturn, and they will cut forecasts again.
Not a current holder but on the watchlist. Was a good holding for me in the past. |
It's been mentioned on twitter |
Somethink Leaked? |
Someone wants to accumulate down here by the looks of it- being chased up with every buy- looks like CNKS have a large order to fill? |
Heads Up:
Notice of Investor Presentation
Calnex Solutions plc (AIM: CLX), a leading provider of test and measurement solutions for the global telecommunications and cloud computing markets, will be announcing its interim results for the six months ended 30 September 2023 on Tuesday, 21 November 2023.
Investor Presentation
The management team will provide a live presentation relating to the results via the Investor Meet Company platform on Wednesday, 22 November 2023 at 1pm.
The presentation is open to all existing and potential shareholders and registration can be completed via the following link:
hxxps://www.investormeetcompany.com/calnex-solutions-plc/register-investor
Questions can be submitted pre-event via your Investor Meet Company dashboard up until 9am the day before the meeting or at any time during the live presentation.
Investors who already follow Calnex Solutions plc on the Investor Meet Company platform will automatically be invited. |
Unfortunately 5G or CLX sector is slowing down as flagged up by Nokia laying off up to 14.000 jobs:
(See multibagger bbc link) |
yep if anything they need to buy now. Dont see why not they have already made a profit and if they want more money in then they should invest now. Who knows they maght even make a profit in the future - as well |
Well the Directors certainly have no faith in prospects - hence the dump. |
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