Spirent Communications (GB:SPT) has released an update.
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Spirent Communications reported a 5% revenue growth in the third quarter of 2024, driven by increased order intake and key wins in Lifecycle Service Assurance and High-Speed Ethernet Testing. Despite challenging market conditions, the company launched new products in data center AI testing, securing immediate commercial successes and maintaining a strong cash position of $132.4 million. Spirent continues to focus on innovation and strategic investments, positioning itself for future growth in the 5G and AI arenas.
For further insights into GB:SPT stock, check out TipRanks’ Stock Analysis page.
