Spirent’s H1’17 interim results showed increased operating margins and good cash generation, but a return to top line growth remains illusive. Networks & Security was the star performer in H1 (+11%) but the transition to 400G Ethernet is causing project delays that will result in a weaker H2 than expected from the division. With Lifecycle Service Assurance expected to be significantly second half weighted and Connected Devices still in decline, the group has a lot to do in H2’17. We have reduced ....
04 Aug 2017
N+1 Singer - Spirent Communications - Revenue downgrades offset by cost cutting
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N+1 Singer - Spirent Communications - Revenue downgrades offset by cost cutting
Spirent Communications plc (SPT:LON) | 200 0 0.0% | Mkt Cap: 1,156m
- Published:
04 Aug 2017 -
Author:
Oliver Knott -
Pages:
5
Spirent’s H1’17 interim results showed increased operating margins and good cash generation, but a return to top line growth remains illusive. Networks & Security was the star performer in H1 (+11%) but the transition to 400G Ethernet is causing project delays that will result in a weaker H2 than expected from the division. With Lifecycle Service Assurance expected to be significantly second half weighted and Connected Devices still in decline, the group has a lot to do in H2’17. We have reduced ....