Zacks Investment Research upgraded shares of Spirent (OTCMKTS:SPMYY) from a hold rating to a buy rating in a research report sent to investors on Saturday, April 7th. Zacks Investment Research currently has $7.25 price target on the technology company’s stock.
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. “
Shares of SPMYY stock opened at $6.66 on Friday. The stock has a market capitalization of $1,044.55, a P/E ratio of 31.71, a PEG ratio of 1.42 and a beta of 0.21. Spirent has a 12 month low of $4.80 and a 12 month high of $7.11.
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Spirent Company Profile
Spirent Communications plc provides test methodologies and solutions for communication technologies worldwide. The company operates through three segments: Networks & Applications, Wireless & Positioning, and Service Assurance. The Networks & Applications segment develops solutions for functional, performance, and security testing of next-generation networks and applications that simulate real-world conditions in the lab, before a commercial launch, and in the live network.
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