Zacks Investment Research lowered shares of Spirent Communications (OTCMKTS:SPMYY) from a buy rating to a hold rating in a research note published on Wednesday.
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. “
Separately, ValuEngine cut Spirent Communications from a buy rating to a hold rating in a research note on Wednesday, November 7th.
Shares of OTCMKTS SPMYY opened at $5.94 on Wednesday. Spirent Communications has a 52-week low of $5.30 and a 52-week high of $7.11. The company has a market cap of $908.44 million, a price-to-earnings ratio of 19.80, a PEG ratio of 1.50 and a beta of 0.66.
Spirent Communications Company Profile
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.
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