Calnex Solutions Share Discussion Threads

[rivaldo] 12/10/2021 07:28

Cheers valuestar1 - a rather nice 27% upgrade to forecasts.....

[onjohn] 12/10/2021 07:24

Pointless update with no numbers

[valustar1] 12/10/2021 07:21

Broker upgrades
We have consequently upgraded our PBT forecasts for FY22E and FY23E by 27.2% and 20.4% to £5.6m and £6.0m respectively.

[rivaldo] 12/10/2021 07:10

Ah, my favourite phrase - "revenue and profits for the full year will be materially ahead of previous expectations"....

Today's update is bullish for both performance to date and for the rest of the year. New products are in great demand, with "strong uptake" - and from new as well as existing customers.

CLX are in a sweet spot as they "capitalise on the industry's transitions to 5G and the growth of cloud computing":

[hastings] 12/10/2021 07:08

Very welcome TU this morning from a cautious and most able board.

[doctor888] 30/9/2021 10:03

Yes, huge buys today. 1.47m already - second most since IPO - and it is only 10am.

[doctor888] 29/9/2021 21:51

Momentum building? Big buys on 24th and today. share price closed above the 20-, 50- and 200-day SMA and EMA, and the 20 and 50-week SMA and EMA.

[masurenguy] 23/9/2021 10:17

Spirent has just breached 300p today - a 20% rise over the past 3 months. CLX up only 10% over the same timescale so a bit of catching up here is probably overdue.

[middlesboroughfc] 13/9/2021 14:13

CTO taking off like CLX on PE of about 6

[gilesy] 10/9/2021 08:41

great company . bought in today at 1.13

[masurenguy] 07/9/2021 08:33

I approve of senior management option schemes where the exercise price is based around the current share price. It aligns executive performance and reward with the interests of the external shareholders.

Award of Options

Calnex Solutions (CLX) has issued a total of 50,000 share options over new ordinary shares (the "Options") to a PDMR of the Company, Stephen Edmiston: VP Operations, exercisable at a price of 112p. The Options can be exercised for a period of 10 years from the date of grant.

[masurenguy] 06/9/2021 07:15

AGM Statement

Calnex Solutions plc is pleased to provide an update on trading ahead of its Annual General Meeting.

Calnex has continued to achieve strong trading and good order levels in the first quarter of FY22, in line with the Board's expectations. Of note in the first few months of the year has been a positive response to the Group's enhancements to its Lab Sync platform, Paragon-Neo, with customers placing encouraging levels of pre-orders ahead of launch later in the year. This new functionality will support testing on the very high speed 400G interface and the new PAM4 interface format. This is a key technology development which is expected to be widely adopted, as organisations upgrade their network infrastructure to cope with the increasing amount of data as a result of the increase in cloud computing and evolution to 5G.

Additional recent product developments include the enhancement of our Field Sync platform with, what the Board believes is, the unique ability to test 5G Networks alongside the 3G and 4G support already available, increasing the attractiveness of the platform as telecoms operators look to maintaining their new 5G networks. Whilst cognisant of the uncertainty in the wider industry over the ongoing global semiconductor shortage, the Group has not experienced any negative impact on the ability to manufacture and ship product to date, and the Board continues to monitor the situation closely.

The Company was also pleased to receive a Gold standard accreditation from Investors in People, reflecting recognition of Calnex as an organisation with the very best in people management excellence. The strength of trading and positive evolutionary trends affecting the telecoms sector described above provide the Board with continued confidence in Calnex's ability to deliver on its growth strategy and a positive outcome to the year in line with current market expectations.

[doctor888] 01/9/2021 12:31

hxxps://www.calnexsol.com/en/article-display/124-network-emulation/1587-mec-the-enabler-of-the-instantaneous-network-response

[masurenguy] 28/8/2021 10:52

As Spirent is Calnex's largest customer this should have a positive knock-on effect here.

"Telecoms testing group Spirent Communications (SPT) is benefiting from 5G tailwinds that could ensure its second half is even better than its first this year, according to Berenberg. Analyst Bharath Nagaraj retained his ‘buy’ recommendation and said Spirent is a ‘top vendor’ in its sector and in recent years has ‘won more multi-year service contracts and pivoted towards a software-as-a-service model, increasing its revenue visibility’. ‘The company has reorganised its salesforce and made investments with the intention of diversifying its customer base through adding hyperscaler and government accounts,’ he said. All this means Spirent published ‘a strong set of numbers in the first half of 2021 though faced with tough competition’. He said there is the possibility that it will outperform his base case ‘given the 5G tailwinds and we think there are initial signs that this is happening, especially because Spirent typically enjoys a stronger second half’."

[rivaldo] 26/8/2021 12:10

News dated 24th August:



"Calnex in UK5G’s Best of British

UK5G (www.uk5g.org) is the UK’s National Innovation Network dedicated to the promotion of research, collaboration and the industrial application of 5G in the UK.

In it’s latest Innovation Briefing publication, Calnex was featured in the Best of British section for our Test & Measurement solutions.

The article highlights Calnex’s accomplishments in targeting 5G’s demanding test needs with our Paragon-Neo and Sentinel solutions.

Read the full Issue 6 of UK5G’s Innovation Briefing here.

(Page 17 for the Calnex reference)."

Here's UK5G's briefing publication:

[rivaldo] 23/8/2021 10:54

Good coverage of the confident AGM statement in the Scottish Herald:



And in The Times:



"Calnex reports strong trading

Calnex Solutions has said telecoms customers are continuing to spend as it highlighted a strong order book.

The company, which provides testing and measuring equipment, said at its annual meeting that it was seeing good adoption of new products in the three months to the end of June, the first quarter of its new financial year.

It pointed to the upgrading of networks which is taking place to handle greater data needs because of the shift to cloud computing and the impending roll-out of 5G mobile.

Calnex believes its Field Sync product has a “unique ability” to test 5G networks. It had continued its “strong” trading and “good order” levels in the first quarter of the 2022 financial year, in line with its expectations."

[jimmywilson612] 19/8/2021 12:00

Its worth remembering Green on their investor presentation - they were honest about a number of customers bringing forward spending - so whilst top line growth is static - it is increase in demand due to the expectations last year.

They also mentioned that their industry works in cycles - and with launch of new products and services, revenue is grown longer term.

Feel its steady as she goes but a good buy and tuck away share - IMHO

[masurenguy] 19/8/2021 11:35

Agree Riv - my sentiments too !

[rivaldo] 19/8/2021 11:26

I suspect that "expectations" will turn out to be conservative given everything I've seen of the company's extremely prudent CEO and how he operates.

The IPO at 48p was particularly cautiously valued. Then the company exceeded expectations in its first post-IPO year. We now know that main customer SPT are firing on all cylinders, and this has been reinforced by today's statement.

Better to underpromise and overdeliver.

[greenknight1] 19/8/2021 08:56

But remember in line with their expectations means no growth this year.

[masurenguy] 19/8/2021 07:41

Yes - a very positive statement. I particularly liked this comment:

"The strength of trading and positive evolutionary trends affecting the telecoms sector described above provide the Board with continued confidence in Calnex's ability to deliver on its growth strategy and a positive outcome to the year in line with current market expectations."

[rivaldo] 19/8/2021 07:18

Very encouraging, confident AGM statement today.

The year to date has seen "strong trading and good order levels". New products are seeing "encouraging" pre-orders, and are ideally placed for 5G rollout. There's been no effect at all from semiconductor supply issues, and CLX are already able with only one quarter gone to confidently state that expectations will be achieved:

[doctor888] 12/8/2021 08:37

Following Spirent's results, what are the chances of an above expectations statement prior to the AGM on 19th? 70% revenues are from Spirent. Commentators say that the forecasts from the company are typical of the company's consevativeness so I am optimistic.

[rivaldo] 10/8/2021 23:09

Interesting closing trade - 10,000 shares bought at 116p, way above the 113p published offer price.

[rivaldo] 10/8/2021 14:02

News dated yesterday of a product launch of a Network Emulator:



I also note that Spirent have directly referenced CLX in an upcoming series of presentations, which is a nice prestigious reference:



"Validating the S-Plane in O-RAN
August 12, 2021

Join us to understand why synchronization is important in mobile networks, how the requirements of O-RAN align with existing time and sync specifications, and how Calnex can help you achieve validation success.

Speaker: Neil Jackson, Senior Product Applications Engineer

Your key takeaways from this webinar:

Understand how ITU-T, O-RAN and 3GPP requirements apply to sync in an O-RAN network
Gain an overview of different O-RAN sync topologies
See how Calnex can leverage our extensive experience in measuring time and sync to accelerate your validation processes
Understand how O-RAN nodes (O-DU, O-RU) can be tested independently and in a network"