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BUZZ-Spirent Communications: Up on robust order intake

Thu, 09th Jul 2015 09:11

** Spirent Communications, a provider of telecomstesting services, up 5 pct after co reports rise in Q2 and H1order intake

** Co says Q2 order intake above its expectations, whilerevenue growth of 12 pct slightly below co's forecast

** Says orders received too late in the quarter to beconverted into revenue

** H1 order intake about $226 mln vs $217.1 mln. Revenueabout $218 mln vs $221 mln

** UBS analysts believe order intake strength is encouragingand sets the company up well for H2

** "A mixed Q3, a beat at Q4, and a miss for Q1 - and now abeat for Q2 - Spirent's roller coaster continues," PanmureGordon analyst George O'Connor writes in a note

** Stock is the top performer on the FTSE All ShareTechnology Hardware & Equipment Index and the FTSEAll Share Technology Index

** 3 analysts have a "strong buy" rating on the stock, 2suggest a "buy", while 8 analysts have a "hold" rating on thestock, according to Thomson Reuters Eikon data (Reuters Messaging:noor.hussain.thomsonreuters.com@reuters.net)


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