Spirent has released its Q3 trading update showing a number of key contract wins and a continued focus on cost management. Revenue for the 9 months to September ’17 was $326.1m versus $324.4m at the same point last year, with adjusted EBIT significantly higher at $33.4m (2016: $20.6m). Net cash at the end of Q3 was $115.6m. We leave our forecasts and target price methodology unchanged meaning our DCF derived TP remains 116p. After the recent share price weakness this results in our recommendatio ....
09 Nov 2017
N+1 Singer - Spirent Communications - Full year outlook unchanged
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N+1 Singer - Spirent Communications - Full year outlook unchanged
Spirent Communications plc (SPT:LON) | 200 41.9 11.7% | Mkt Cap: 1,156m
- Published:
09 Nov 2017 -
Author:
Oliver Knott -
Pages:
3
Spirent has released its Q3 trading update showing a number of key contract wins and a continued focus on cost management. Revenue for the 9 months to September ’17 was $326.1m versus $324.4m at the same point last year, with adjusted EBIT significantly higher at $33.4m (2016: $20.6m). Net cash at the end of Q3 was $115.6m. We leave our forecasts and target price methodology unchanged meaning our DCF derived TP remains 116p. After the recent share price weakness this results in our recommendatio ....