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Spirent CFO Increases Stake with Share Purchase

Story Highlights
  • Spirent Communications’ CFO, Paula Bell, bought shares under the company’s employee plan.
  • The share purchase boosts Bell’s total holdings, indicating confidence in Spirent’s future.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Spirent CFO Increases Stake with Share Purchase

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Spirent Communications ( (GB:SPT) ) has issued an update.

Spirent Communications announced that its Chief Financial Officer, Paula Bell, has purchased shares under the Spirent UK Employee Share Purchase Plan 2005. The transaction involved the acquisition of 128 shares at a price of GBP 1.966 per share, increasing Bell’s total holding to 848,772 shares. This move reflects confidence in the company’s future performance and aligns with its employee investment initiatives.

The most recent analyst rating on (GB:SPT) stock is a Buy with a £2.25 price target. To see the full list of analyst forecasts on Spirent Communications stock, see the GB:SPT Stock Forecast page.

Spark’s Take on GB:SPT Stock

According to Spark, TipRanks’ AI Analyst, GB:SPT is a Outperform.

Spirent Communications is navigating a mixed financial environment with declining revenues but strong cash flow and balance sheet health. Positive technical indicators and strategic corporate events provide a boost to the overall outlook. However, the high P/E ratio poses a valuation risk, moderating the overall score.

To see Spark’s full report on GB:SPT stock, click here.

More about Spirent Communications

Spirent Communications is a company operating in the telecommunications industry, providing testing, assurance, and analytics solutions for next-generation devices and networks. The company focuses on enhancing the performance and security of communication systems.

Average Trading Volume: 2,245,348

Technical Sentiment Signal: Buy

Current Market Cap: £1.13B

See more data about SPT stock on TipRanks’ Stock Analysis page.

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