Citi downgrades Spirent Communications as telco demand worsens
9th Nov 2015 09:46
(ShareCast News) - Citi downgraded Spirent Comunications in light of worsening demand from the telecoms industry, where capital expenditure is now expected to decline 8% and 10% in the next two calendar years. After the telecoms and technology testing company's cautious trading update last week, Cit
Read moreSpirent spirals back towards seven-year low
5th Nov 2015 12:23
(ShareCast News) - Weakness in wireless has sent Spirent shares spiralling back down towards the seven-year low they set almost a year ago, though directors still were confident underlying results would remain in line. Chief financial officer Rachel Whiting has announced her retirement after roughly
Read moreWednesday broker round-up
4th Nov 2015 09:32
(ShareCast News) - Weir Group: RBC Capital Markets upgrades to sector perform, raises target price to 1200.00p. UBS reiterates to buy, cuts target price to 1600.00p. Goldman Sachs reiterates to buy. Target price: 1550.00p. Spirent Communications: Citigroup reiterates to buy, cuts target price to 90.
Read moreUBS cuts Spirent Communications to 'neutral' from 'buy'
7th Aug 2015 13:40
(ShareCast News) - UBS downgraded Spirent Communications to 'neutral' from 'buy and cut the price target to 84p from 95p. The bank said it had upgraded the stock to buy as it felt the company was finally likely to see a recovery in its core Networks and Applications (N&A) business led by end market
Read moreSpirent Communications tumbles after profit warning
5th Aug 2015 11:33
(ShareCast News) - Shares in Spirent Communications tumbled after the company warned that profits for the year will be materially below its expectations, as it posted a pre-tax loss for the first half. For the six months ended 30 June, the communications technology group reported a pre-tax loss of $
Read moreSpirent suffers in first quarter but spies stronger second
5th May 2015 13:46
Sales slumped more than expected at Spirent Communications in what was expected to be a slow first quarter but the mobile phone testing company said stronger momentum since meant it was confident in hitting its full year targets. Spirent, which dropped out of the FTSE 250 in December, slipped from l
Read moreSpirent Communication's shares rise after better-than-expected order intake
8th Jan 2015 10:18
Technology company Spirent Communications said its order intake exceeded the group's expectations during the last quarter of the year of 2014. Order intake increased to $147m from $124.2m the year before, while revenues were also up to $124m from $115.4m in the last quarter of 2013. Spirent said al
Read moreFTSE 250 movers: Oil, gold and metal mining firms on the decline while retail sees an upswing
11th Dec 2014 14:17
Telecom firm Spirent Communications was rising on Thursday after being given a hold consensus recommendation by the 12 ratings firms currently covering the company. Liberum Capital upgraded the group to a 'buy' rating. The broker claimed: "Spirent is cheaper than its peers on all EV metrics and is a
Read moreBarratt Developments and Taylor Wimpey set to join Footsie
4th Dec 2014 08:53
Overnight FTSE announced the results of its quarterly review of the constituents for its UK index series. IMI and Petrofac are to leave the top flight index, with Barratt Developments and Taylor Wimpey set to take their place. Meanwhile, and on the FTSE 250, Barratt Developments, Taylor Wimpey,
Read moreFTSE 250 movers: St. Modwen climbs as Electrocomponents slides
13th Nov 2014 15:50
St. Modwen Properties rose after announcing that its 50/50 joint-venture French partner Vinci has been granted planning permission to redevelop the 57-acre New Covent Garden Market site in south London. The major 10-year project will see the delivery of over 500,000 square feet of new state-of-the-a
Read moreSpirent Communications sees product demand decline in US and China
13th Nov 2014 10:31
Demand for Spirent Communications's products and services in the US and in China "dipped sharply" during the third quarter of the year, prompting shares to slide on Thursday morning. The decline in demand was due to merger activity by some of their customers and a suspension in capital expenditure,
Read moreSector movers: Weak earnings from IBM weigh on UK tech stocks
20th Oct 2014 13:52
Disappointing results from US tech titan IBM were weighing on hardware and equipment stocks this side of the Pond on Monday. IBM reported a profit of just two cents a share for the three months to 30 September, compared with $3.68 a year earlier, on revenues that declined to $22.4bn from $23.3bn. A
Read moreThursday broker round-up UPDATE
9th Oct 2014 09:27
African Barrick Gold: Numis reduces target price from 330p to 270p keeping its hold recommendation. Antofagasta: Numis upgrades to hold with a target price of 700p. Aureus Mining: Numis lowers target price from 45p to 40p staying with its buy recommendation. Boohoo: Barclays initiates with a targe
Read moreWednesday tips round-up: Capita, Spirent Communications
8th Oct 2014 19:07
Investors chasing returns and growth from outsourcer Capita have been ignoring one glaring warning sign, if not more. The company's return on capital has been tumbling for the past seven years. Capita has delivered growth in revenues and earnings in the last decade, pole-vaulting the shares fourfold
Read moreWednesday preview: Fed minutes firmly in focus
7th Oct 2014 17:17
The economic calendar for the Wednesday session is rather sparse, but contains what is perhaps the main risk event of the week, the release of the minutes of the most recent Fed policy meeting. Whereas most economists have shifted their forecasts for the first rise in the Fed funds rate towards the
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