An update from Spirent Communications ( (GB:SPT) ) is now available.
Spirent Communications reported its full-year results for 2024, showing resilience amidst challenging market conditions. Despite a 3% decline in overall revenue to $460.2 million, the company saw a 6% increase in its order book, signaling a positive outlook for 2025. Spirent’s continued investment in product development has supported customer 5G rollouts and helped diversify its customer base. The company maintained a strong gross margin of 72%, and its cash position improved significantly. Spirent’s strategic focus on innovation and customer diversification positions it well for future growth.
More about Spirent Communications
Spirent Communications plc is a leading global provider of automated test and assurance solutions for networks, cybersecurity, and positioning. The company offers innovative products, services, and managed solutions that address the challenges of testing, assurance, and automation for new technologies, including 5G, AI, cloud, and autonomous vehicles.
YTD Price Performance: 4.80%
Average Trading Volume: 1,159,518
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £1.06B
See more insights into SPT stock on TipRanks’ Stock Analysis page.