Spirent Communications (OTCMKTS:SPMYY) Raised to “Hold” at Zacks Investment Research

Spirent Communications (OTCMKTS:SPMYY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, Zacks.com reports.

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. “

Spirent Communications stock remained flat at $$11.10 during mid-day trading on Wednesday. 36 shares of the company’s stock were exchanged, compared to its average volume of 161. Spirent Communications has a 1 year low of $5.91 and a 1 year high of $11.40. The firm’s fifty day moving average is $10.55 and its 200 day moving average is $9.05. The company has a market capitalization of $1.70 billion, a price-to-earnings ratio of 25.81, a price-to-earnings-growth ratio of 3.88 and a beta of 0.79.

About Spirent Communications

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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