Spirent Communications Plc 159.9% potential upside indicated by Canaccord Genuity

Spirent Communications Plc with ticker (LON:SPT) now has a potential upside of 159.9% according to Canaccord Genuity.



Canaccord Genuity set a target price of 240 GBX for the company, which when compared to the Spirent Communications Plc share price of 92 GBX at opening today (20/10/2023) indicates a potential upside of 159.9%. Trading has ranged between 80 (52 week low) and 294 (52 week high) with an average of 2,470,892 shares exchanging hands daily. The market capitalisation at the time of writing is £537,273,080.

Spirent Communications plc is a global provider of automated test and assurance solutions for networks, cybersecurity, and positioning. The Company’s segments include Lifecycle Service Assurance and Networks & Security. The Lifecycle Service Assurance segment provides end-to-end visibility, actionable insights, and automated troubleshooting to radically simplify turn-up and assurance of fifth generation (5G) networks and services. The Networks & Security segment develops test methodologies, tools and services for virtualized networks, cloud infrastructure and proactive security validation. Its portfolio of products and services addresses the test, assurance, and automation challenges of a new generation of technologies, such as 5G, software-defined wide area networking (SD-WAN), cloud, autonomous vehicles, and others. Its products and services cover testing needs beginning with lab validation of new technology and extending to acceptance and benchmarking in live networks.