SPT

Spirent Communications Plc

182.80
4.10 (2.29%)
Share Name Share Symbol Market Type Share ISIN Share Description
Spirent Communications Plc LSE:SPT London Ordinary Share GB0004726096 ORD 3 1/3P
  Price Change % Change Share Price Shares Traded Last Trade
  4.10 2.29% 182.80 2,694,723 16:29:42
Bid Price Offer Price High Price Low Price Open Price
182.50 182.80 182.90 177.20 181.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Electr, Oth Elec Eq, Ex Cmp 607.50 99.90 16.30 11.17 1,118.19
Last Trade Time Trade Type Trade Size Trade Price Currency
17:54:09 O 147 182.80 GBX

Spirent Communications (SPT) Latest News (1)

Smart Money!
SPT is a large holding in the following funds:
 Fund  Percentage of Fund  Last Updated 
 BLACKROCK SMALLER COMPANIES TRUST PLC 1.90% 2022-12-31

Spirent Communications (SPT) Discussions and Chat

Spirent Communications (SPT) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2023-06-06 16:54:26182.80147268.72O
2023-06-06 16:54:26182.801,5872,901.04O
2023-06-06 16:54:25182.80541988.95O
2023-06-06 16:44:41182.828,07814,768.04O
2023-06-06 16:37:25182.804,8938,944.40O

Spirent Communications (SPT) Top Chat Posts

Top Posts
Posted at 23/3/2023 07:36 by masurenguy
Spirent’s bad news muddies re-rate, argues Deutsche Bank

Telecoms testing group Spirent Communications (SPT) has followed up a cautious trading update with a disappointing outlook statement, meaning a recovery next year is less clear, says Deutsche Bank. Analyst Robert Sanders retained his ‘hold’ recommendation and reduced the target price from 250p to 200p on the stock, which softened 0.3%, or 0.5p, to 176.5p yesterday. ‘The main culprit for a decline in sales in 2023 looks set to be the lifecycle services assurance segment, where key operators have been delaying decision-making mainly in lab testing as they scrutinise budgets and focus more intently on return on investment,’ Sanders said. ‘Secondarily, the device testing segment saw order delays.’

The slowdown in the roll-out of 5G has also hit the group, although Sanders said it was ‘a slight mystery’ why Spirent has ‘suddenly felt the effects of the slowdown in a few months when 5G has been facing challenges for some time’. He noted that a ‘rapid recovery into 2024’ is now ‘unclear’.

Posted at 15/3/2023 07:49 by masurenguy
Four directors and/or associates have purchased 95,105 shares collectively, since the annual results were published last week, at an average price of circa 181p.
Posted at 08/3/2023 16:31 by wall street trader
Am gonna sit back for the next few years and see what happens - won't be posting just observing - think I have a fair price for a great business
Posted at 08/3/2023 07:42 by kiwihope
Price just returning to fair value. Since 2019 eps increased by about 30% but price doubled. Was valued for perfection. Always at risk of a fall...
Posted at 07/3/2023 20:27 by 1knocker
I held Spirent years ago - in the red for a lot of the time but sold at 205 which gave a good profit. I have kept a general eye on them since, and watched the price go a good bit higher than that. Its a good quality business. Today I bought a few at a fraction under 180. It could fall further, and no doubt will if there is another profit warning. I expect I shall again be in the red for significant periods, but I think Spirent's time will come again. By then, I hope to have built up another decent sized holding.
Posted at 07/3/2023 16:30 by masurenguy
With a market cap of 2 x annual sales at today's closing price of 180p, this could easily become be a sitting duck for a US predator.
Posted at 27/2/2023 07:46 by masurenguy
Spirent’s long-term outlook strong, says Royal London

Royal London’s Henry Lowson says macro headwinds have hit telecoms testing group Spirent Communications (SPT) but the long-term outlook is positive. Lowson holds the stock in his £417m Royal London UK Mid-Cap Growth fund, and in his latest fund update said the provider of test and assurance solutions for telecoms companies was a detractor in January.

"The business alluded to orders weakening in the fourth quarter within its lifecycle service assurance division. The macroeconomic environment has clearly impacted telecommunications customers’ immediate purchasing decisions but the longer-term outlook is undiminished." he said. He added that network operators need to manage, upgrade, and roll out networks "in a secure and cost-effective manner whilst meeting the demands for volume and speeds", which Spirent Communications can continue to offer. The shares rose 0.2%, or 0.4p, to 215.6p at the end of last week.

Posted at 22/1/2023 13:14 by masurenguy
“Savage competition” between mobile operators will ensure that 5G-mobile network investment holds up during the economic slowdown. That means a strong pipeline of business for this global technology-testing specialist, not least because “analysts estimate barely 30% of all telecom network operators globally have deployed initial 5G networks”. Spirent boasts a “very strong balance sheet [and] some of the highest gross margins” in the industry. The shares are “a great way” to buy into the next generation of telecommunications. 275p" Shares Magazine 19 January.

Ouch - bad timing just 24 hours before the trading update crashed the price but the sentiment remains even more valid following the subseq18% fall in the shareprice.

No position yet but looking for a potential entry point.

Posted at 20/1/2023 12:13 by tim1478
I saw the dramatic fall, then read the report. I might be naïve but the report seemed good enough

The was posted by Buzz which was more negative

BUZZ – UK's Spirent Communications bottom on mid – caps over orders slowdown
11:07
* Shares of IT and network service provider Spirent Communications down as much as 17.5% to 230.4p
* Stock is top pct loser on FTSE midcaps index
* Spirent set to post worst day since Oct 2014, if losses hold
* Co sees its order growth to have slowed in the quarter due to delay in customer's investment decisions amid global market economic conditions
* Posts order book growth of only 7% in 2022 after 30% growth in H1 of 2022 due to weakness in its network validation and service testing software unit called the Lifecycle Service Assurance Division (LSA)
* Jefferies expects weak orders to continue well into H1 - 2023
* We have prudently assumed that there will be no material recovery in H2-23 either - Jefferies
* Stock hit lowest level since June 2022
* Stock lost ~6% in 2022
* Spirent stock up ~4.5% this month, as of last close (Reporting by Sruthi Narasimha Chari in Bengaluru)


Share price was at the top of it's range with a P/E > 20 which would account for the hit. It is towards the bottom of the range. I aim to hold unless it breaks below support

Naked trader has three positions on his virtual online portfolio around 250p

Posted at 10/11/2022 17:03 by kalai1
Spirent Communications plc issued a Q3 trading update this morning. The Group is on track to deliver another year of good progress with a record order book and revenue growth of 10% ytd. Expectations for the FY remain unchanged, the balance sheet remains robust with closing cash position of $188m at end September 2022. The company is high quality, valuation remains a little unhelpful with forward PE ratio up near 17x. Share price has been drifting sideways for 2 years and lacks positive momentum accordingly. There is no apparent rush to buy, but the company is high quality with decent growth performance and is certainly worth monitoring for the time being...

...from WealthOracle

hxxps://wealthoracle.co.uk/detailed-result-full/SPT/612

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