Zacks Investment Research Upgrades Spirent (SPMYY) to Buy

Spirent (OTCMKTS:SPMYY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Saturday. The brokerage currently has a $7.25 target price on the technology company’s stock. Zacks Investment Research‘s price objective indicates a potential upside of 10.52% from the stock’s previous close.

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. “

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Shares of Spirent stock opened at $6.56 on Friday. The stock has a market cap of $1,003.26, a price-to-earnings ratio of 31.24, a PEG ratio of 1.36 and a beta of 0.21. Spirent has a 1-year low of $4.80 and a 1-year high of $7.11.

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About Spirent

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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