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Highlights

  • Spirent Communications saw a 4.9% year-on-year increase in interim dividend for H1 FY23.
  • Since the end of FY22, there has been a 5% surge in its orderbook to USD 303.40 million.
  • The stock’s 52-week low and high price stand at GBX 79.75 and 234.20, respectively.

FTSE 250-listed Spirent Communications PLC (LSE: SPT) offers automated test and assurance solutions for next-gen devices and networks. The firm intends to leverage the market-leading solutions with the evolution of global 5G infrastructure and further development of ORAN. Also, Spirent Communications is focusing on pulling forth growth for the 400G and 800G high-speed Ethernet test solutions to fulfil the expected high demands for the next-generation cloud and AI data centre for Hyperscalers.

 

SPT is advancing the detailed work scope, with a retail bank, for a lab and test assurance and services solution, valued at USD 15 million. As per the company, it has delivered a significant part of revenue in the second half of fiscal year 2023. For the full FY23, it posted a total revenue of USD 474 million and adjusted operating profit of USD 45 million. It closed FY23 with a cash position of USD 103 million.

Spirent Communications saw a 4.9% year-on-year increase in interim dividend for H1 FY23. SPT’s progressive dividend policy ensures a dividend cover of 2 to 2.5 times adjusted earnings. It paid an interim dividend of 2.76 US cents per share in September 2023, with an ex-dividend date of 10 August 2023.

As per the company, since the end of FY22, there has been a 5% surge in its orderbook to USD 303.40 million.

However, the negative operating leverage has adversely impacted profitability of the company. Also, its operating leverage is likely to reverse in H2 FY23.

  

Top 10 Shareholders:

Approximately 62.73% of the total shareholdings in the firm is held by its top ten shareholders. While Aviva Investors Global Services Ltd owns maximum shares of 10.47% shareholding, Columbia Threadneedle Investments (UK) is the second-biggest shareholder with around 9.91% shareholding.

 

Stock Price Performance

SPT’s stock price has lost 0.65% in the last one month. It has dropped by approximately 27.56% in the last six months. The stock’s 52-week low and high price stand at GBX 79.75 and 234.20, respectively.

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference data for all price data, currency, technical indicators, support, and resistance levels is 26 January 20243. The reference data in this report has been partly sourced from EODHD/Others.