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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Spirent Communications plc    SPT   GB0004726096

SPIRENT COMMUNICATIONS PLC

(SPT)
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Spirent Communications plc : Towards the breakout of a major resistance level

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11/08/2019 | 05:00am EST
long trade
Target price hit
Entry price : 200.5GBp | Target : 208.5GBp | Stop-loss : 196.2GBp | Potential : 3.99%
Spirent Communications plc shares are trading close to a major technical resistance, which, if broken, could yield new upside potential and an increase in volatility. This scenario can be anticipated.
Investors have an opportunity to buy the stock and target the GBp 208.5.
Spirent Communications plc : Spirent Communications plc : Towards the breakout of a major resistance level
Summary
  • The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
  • The company has solid fundamentals for a short-term investment strategy.

Strengths
  • The group's high margin levels account for strong profits.
  • Thanks to a sound financial situation, the firm has significant leeway for investment.
  • Over the last 4 months, analysts have significantly revised upwards the company's estimated sales.
  • Over the last twelve months, the sales forecast has been frequently revised upwards.
  • For the last 4 months, the company has been enjoying highly positive EPS revisions, which were frequently and significantly raised.
  • For the last twelve months, analysts have been gradually revising upwards their EPS forecast for the upcoming fiscal year.
  • Within the weekly time frame the stock shows a bullish technical configuration above the support level at 151 GBp

Weaknesses
  • The share is close to its long-term resistance in weekly data. Therefore, the potential should be limited. However, a further bullish movement when crossing this resistance will be a positive signal.
  • The stock is currently in contact with a medium-term resistance that must be gotten rid of so as to resume the upward trend.
  • Analysts covering the stock have recently lowered their earnings forecast.

Alexis Colardelle
© MarketScreener.com 2019
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Disclaimer: The information, charts, data, views, or comments provided by SURPERFORMANCE SAS are intended for investors who have the necessary knowledge and experience to understand and appreciate the information contained within. These items are disseminated for personal reference only. They do not constitute an offer or solicitation to buy or sell financial products or services, nor an investment advice.
The use of the information disseminated takes place under the investor's sole responsibility, without recourse against SURPERFORMANCE SAS. SURPERFORMANCE SAS will not be liable, whether in contract, in tort, under any warranty, for errors, omissions, improper investments, or adverse evolution of markets.

Financials (GBP)
Sales 2019 396 M
EBIT 2019 64,3 M
Net income 2019 51,9 M
Finance 2019 127 M
Yield 2019 1,60%
P/E ratio 2019 26,3x
P/E ratio 2020 23,5x
EV / Sales2019 3,06x
EV / Sales2020 2,80x
Capitalization 1 337 M
Upcoming event on SPIRENT COMMUNICATIONS PLC
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 10
Average target price 192,40  GBp
Last Close Price 219,00  GBp
Spread / Highest target 2,74%
Spread / Average Target -12,1%
Spread / Lowest Target -29,2%
EPS Revisions
Managers
NameTitle
Eric Updyke Chief Executive Officer
William Gennydd Thomas Non-Executive Chairman
Paula Bell Chief Financial Officer & Executive Director
Jonathan Charles Silver Senior Independent Non-Executive Director
Gary Bruce Bullard Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
SPIRENT COMMUNICATIONS PLC84.97%1 725
CISCO SYSTEMS4.06%191 354
FOXCONN INDUSTRIAL INTERNET CO., LTD.38.14%45 360
ERICSSON AB10.65%30 191
MOTOROLA SOLUTIONS, INC.40.89%27 770
NOKIA OYJ-39.68%19 348