Calnex Solutio. Share News (CLX)

EARNINGS AND TRADING: Topps Tiles in strategic shift as swings to loss

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

AIM WINNERS & LOSERS: Powerhouse Energy hails UK patent win

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.

UK earnings, trading statements calendar - next 7 days

EARNINGS AND TRADING: Character Group ups buyback; Calnex revenue down

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

Calnex ends tougher year in line with market forecasts

(Sharecast News) - Telecommunications and cloud computing test and measurement specialist Calnex Solutions said in an update on Wednesday that for the 2024 financial year, it anticipated results in line with market expectations, with revenues reaching £16.3m and margins maintained.

AT&T's OpenRAN acceleration should benefit Spirent and Calnex, says Canaccord

(Sharecast News) - Canaccord Genuity has reiterated its 'buy' ratings on Spirent and Calnex, saying the announcement by AT&T to commit $14bn to accelerate OpenRAN in the US "should rub off positively" on the UK-listed tech firms.

IN BRIEF: Calnex Solutions swings to loss but optimistic on outlook

Calnex Solutions PLC - Linlithgow, Scotland provider of test and measurement solutions for the global telecommunications sector - In the six months to September 30, swings to pretax loss of GBP599,000 from a profit of GBP3.1 million a year prior. Revenue falls 38% to GBP7.8 million from GBP12.7 million. Maintains interim dividend at 0.31 pence per share. Looking ahead, expects to close year in line with market expectations, and anticipates to return to growth in financial 2025 via "creation of new use cases for existing products, plus the development of new products and expansion into growing sectors." Further, Calnex says: "We believe the fundamental drivers that underpin the build out of the mobile network and the expansion of the data centres and cloud computing capacity have not changed, there is simply a pause caused by the macro-economic climate. Within the telecommunications market, the close relationships we hold with our customers and partners mean we are well positioned to convert the sales pipeline to orders once spending patterns normalise."

UK earnings, trading statements calendar - next 7 days

Canaccord Genuity lowers target price on Calnex

(Sharecast News) - Analysts at Canaccord Genuity lowered their target price on telecommunications equipment company Calnex from 165.0p to 110.0p on Wednesday but said a recovery was likely to take place in 2024.

Calnex Solutions shares dive as predicts revenue underperformance

(Alliance News) - Calnex Solutions PLC on Tuesday said it expects annual revenue to fall short of current market expectations.

LONDON MARKET CLOSE: FTSE 100 has best day since November 2022

(Alliance News) - Global equities bounced on Tuesday as risk appetite returned to the market, despite hostilities in the Middle East continuing, as dovish words from Federal Reserve officials restored investor confidence.

IN BRIEF: Calnex business development VP sells shares worth GBP123,000

Calnex Solutions PLC - Linlithgow, Scotland provider of test and measurement solutions for the global telecommunications sector - Business Development Vice President Anand Ram sells 100,000 shares at GBP1.23 each for a total of GBP123,500 on Friday in London.

Calnex confident on delivering results despite customer caution

(Alliance News) - Calnex Solutions PLC on Wednesday said that while customers continue to be cautious with investment decisions, engagement levels remain high and there are optimistic signs regarding the pipeline for financial 2024.

UK shareholder meetings calendar - next 7 days

Calnex shares rise as it reports on double-digit annual growth

(Alliance News) - Calnex Solutions PLC on Tuesday reported "solid progress" for the company, as annual revenue and profit grew.