Spirent Communications (OTCMKTS:SPMYY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday.
According to Zacks, “SPIRENT PLC-ADR is an international network technology company providing state-of-the-art systems and solutions for a broad range of customers worldwide. Their Communications group is a worldwide provider of integrated performance analysis and service assurance systems for next-generation network technologies. Spirent’s solutions accelerate the development and deployment of network equipment and services by emulating real-world conditions and assuring end-to-end performance of large-scale networks. “
Shares of SPMYY stock remained flat at $$5.93 during trading hours on Thursday. The stock has a market cap of $906.91 million, a price-to-earnings ratio of 19.77, a price-to-earnings-growth ratio of 1.50 and a beta of 0.32. Spirent Communications has a fifty-two week low of $5.07 and a fifty-two week high of $7.11.
Spirent Communications plc provides solutions to develop devices and equipment and to operate networks worldwide. The company operates through three segments: Networks & Security, Lifecycle Service Assurance, and Connected Devices. The Networks & Security segment develops performance and security test systems to accelerate the development of new devices, networks, and applications for high-speed Ethernet/IP, mobile, and global satellite navigation systems.
Further Reading: Fiduciary
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