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Spirent Communications plc
Buy, Hold or Sell?

Let's analyse Spirent Communications plc together

PenkeI guess you are interested in Spirent Communications plc. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Spirent Communications plc. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Spirent Communications plc (30 sec.)










What can you expect buying and holding a share of Spirent Communications plc? (30 sec.)

How much money do you get?

How much money do you get?
p0.26
When do you have the money?
1 year
How often do you get paid?
100.0%

What is your share worth?

Current worth
p60.34
Expected worth in 1 year
p70.58
How sure are you?
80.0%

+ What do you gain per year?

Total Gains per Share
p30.94
Return On Investment
15.5%

For what price can you sell your share?

Current Price per Share
p200.00
Expected price per share
p130.40 - p210.16
How sure are you?
50%

1. Valuation of Spirent Communications plc (5 min.)




Live pricePrice per Share (EOD)

p200.00

Intrinsic Value Per Share

p66.35 - p180.04

Total Value Per Share

p126.69 - p240.38

2. Growth of Spirent Communications plc (5 min.)




Is Spirent Communications plc growing?

Current yearPrevious yearGrowGrow %
How rich?$464.9m$447.2m$17.6m3.8%

How much money is Spirent Communications plc making?

Current yearPrevious yearGrowGrow %
Making money$99.8m$89.1m$10.6m10.7%
Net Profit Margin16.4%15.5%--

How much money comes from the company's main activities?

3. Financial Health of Spirent Communications plc (5 min.)




What can you expect buying and holding a share of Spirent Communications plc? (5 min.)

Welcome investor! Spirent Communications plc's management wants to use your money to grow the business. In return you get a share of Spirent Communications plc.

What can you expect buying and holding a share of Spirent Communications plc?

First you should know what it really means to hold a share of Spirent Communications plc. And how you can make/lose money.

Speculation

The Price per Share of Spirent Communications plc is p200.00. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Spirent Communications plc.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Spirent Communications plc, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is p60.34. Based on the TTM, the Book Value Change Per Share is p2.56 per quarter. Based on the YOY, the Book Value Change Per Share is p0.82 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is p5.18 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Spirent Communications plc.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 p% of Price per Sharep% of Price per Sharep% of Price per Sharep% of Price per Sharep% of Price per Share
Usd Eps0.160.1%0.160.1%0.150.1%0.130.1%0.070.0%
Usd Book Value Change Per Share0.030.0%0.030.0%0.010.0%0.040.0%0.000.0%
Usd Dividend Per Share0.070.0%0.070.0%0.140.1%0.080.0%0.060.0%
Usd Total Gains Per Share0.100.0%0.100.0%0.150.1%0.120.1%0.060.0%
Usd Price Per Share3.28-3.28-3.49-2.95-2.05-
Price to Earnings Ratio20.08-20.08-23.98-21.97-21.51-
Price-to-Total Gains Ratio33.64-33.64-23.78-25.47-41.87-
Price to Book Ratio4.31-4.31-4.78-4.23-3.02-
Price-to-Total Gains Ratio33.64-33.64-23.78-25.47-41.87-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share2.5236
Number of shares396
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.070.08
Usd Book Value Change Per Share0.030.04
Usd Total Gains Per Share0.100.12
Gains per Quarter (396 shares)38.6545.96
Gains per Year (396 shares)154.62183.83
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
11035114512460174
2207102300248119358
3310154455373179542
4414205610497238726
5517256765621298910
66213079207453581094
772435810758694171278
882740912309944771462
9931461138511185371646
101034512154012425961830

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%9.01.00.090.0%29.03.00.090.6%
Book Value Change Per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%7.03.00.070.0%22.010.00.068.8%
Dividend per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%16.00.016.050.0%
Total Gains per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%8.02.00.080.0%23.09.00.071.9%

Fundamentals of Spirent Communications plc

About Spirent Communications plc

Spirent Communications plc offers automated test and assurance solutions in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company operates in Lifecycle Service Assurance and Networks & Security segments. The Lifecycle Service Assurance segment provides testing solutions for 5G mobile core networks, and cellular and Wi-Fi devices in the lab, as well as live solutions. The Networks & Security segment develops test methodologies, tools, and services for virtualised networks, cloud, and proactive security validation; and offers Ethernet/IP performance testing solutions, as well as provides navigation satellite system test and simulation solutions while addressing opportunities in the broader positioning, navigation, and timing market. The company was formerly known as Spirent plc and changed its name to Spirent Communications plc in May 2006. Spirent Communications plc was founded in 1936 and is headquartered in Crawley, the United Kingdom.

Fundamental data was last updated by Penke on 2024-03-22 04:30:07.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge profit.
Using its assets, the company is efficient in making profit.
Using its investors money, the company is efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating efficient.
The company is less efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is able to pay all its short-term debts.
The company is very able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is very able to pay all its debts by selling its assets.
The company is very able to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is fair priced.
Based on the earnings, the company is fair priced.
Based on how much money comes from the company's main activities, the company is underpriced.

1.1. Profitability of Spirent Communications plc.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Spirent Communications plc earns for each 1 of revenue.

  • Above 10% is considered healthy but always compare Spirent Communications plc to the Software - Infrastructure industry mean.
  • A Net Profit Margin of 16.4% means that 0.16 for each 1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Spirent Communications plc:

  • The MRQ is 16.4%. The company is making a huge profit. +2
  • The TTM is 16.4%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ16.4%TTM16.4%0.0%
TTM16.4%YOY15.5%+1.0%
TTM16.4%5Y15.1%+1.4%
5Y15.1%10Y8.8%+6.3%
1.1.2. Return on Assets

Shows how efficient Spirent Communications plc is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Spirent Communications plc to the Software - Infrastructure industry mean.
  • 14.2% Return on Assets means that Spirent Communications plc generated 0.14 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Spirent Communications plc:

  • The MRQ is 14.2%. Using its assets, the company is efficient in making profit. +1
  • The TTM is 14.2%. Using its assets, the company is efficient in making profit. +1
Trends
Current periodCompared to+/- 
MRQ14.2%TTM14.2%0.0%
TTM14.2%YOY12.9%+1.3%
TTM14.2%5Y12.8%+1.4%
5Y12.8%10Y7.2%+5.6%
1.1.3. Return on Equity

Shows how efficient Spirent Communications plc is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Spirent Communications plc to the Software - Infrastructure industry mean.
  • 21.5% Return on Equity means Spirent Communications plc generated 0.21 for each 1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Spirent Communications plc:

  • The MRQ is 21.5%. Using its investors money, the company is efficient in making profit. +1
  • The TTM is 21.5%. Using its investors money, the company is efficient in making profit. +1
Trends
Current periodCompared to+/- 
MRQ21.5%TTM21.5%0.0%
TTM21.5%YOY19.9%+1.5%
TTM21.5%5Y19.1%+2.4%
5Y19.1%10Y10.7%+8.5%

1.2. Operating Efficiency of Spirent Communications plc.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Spirent Communications plc is operating .

  • Measures how much profit Spirent Communications plc makes for each 1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Spirent Communications plc to the Software - Infrastructure industry mean.
  • An Operating Margin of 19.3% means the company generated 0.19  for each 1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Spirent Communications plc:

  • The MRQ is 19.3%. The company is operating efficient. +1
  • The TTM is 19.3%. The company is operating efficient. +1
Trends
Current periodCompared to+/- 
MRQ19.3%TTM19.3%0.0%
TTM19.3%YOY18.9%+0.4%
TTM19.3%5Y17.5%+1.8%
5Y17.5%10Y10.5%+7.0%
1.2.2. Operating Ratio

Measures how efficient Spirent Communications plc is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Software - Infrastructure industry mean).
  • An Operation Ratio of 0.81 means that the operating costs are 0.81 for each 1 in net sales.

Let's take a look of the Operating Ratio trends of Spirent Communications plc:

  • The MRQ is 0.813. The company is less efficient in keeping operating costs low.
  • The TTM is 0.813. The company is less efficient in keeping operating costs low.
Trends
Current periodCompared to+/- 
MRQ0.813TTM0.8130.000
TTM0.813YOY0.819-0.006
TTM0.8135Y0.825-0.012
5Y0.82510Y0.873-0.048

1.3. Liquidity of Spirent Communications plc.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Spirent Communications plc is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Software - Infrastructure industry mean).
  • A Current Ratio of 2.17 means the company has 2.17 in assets for each 1 in short-term debts.

Let's take a look of the Current Ratio trends of Spirent Communications plc:

  • The MRQ is 2.172. The company is able to pay all its short-term debts. +1
  • The TTM is 2.172. The company is able to pay all its short-term debts. +1
Trends
Current periodCompared to+/- 
MRQ2.172TTM2.1720.000
TTM2.172YOY2.086+0.086
TTM2.1725Y2.258-0.086
5Y2.25810Y2.152+0.106
1.3.2. Quick Ratio

Measures if Spirent Communications plc is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Spirent Communications plc to the Software - Infrastructure industry mean.
  • A Quick Ratio of 1.85 means the company can pay off 1.85 for each 1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Spirent Communications plc:

  • The MRQ is 1.849. The company is very able to pay all its short-term debts with the most liquid assets. +2
  • The TTM is 1.849. The company is very able to pay all its short-term debts with the most liquid assets. +2
Trends
Current periodCompared to+/- 
MRQ1.849TTM1.8490.000
TTM1.849YOY1.834+0.015
TTM1.8495Y1.988-0.140
5Y1.98810Y1.576+0.412

1.4. Solvency of Spirent Communications plc.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Spirent Communications plc assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Spirent Communications plc to Software - Infrastructure industry mean.
  • A Debt to Asset Ratio of 0.34 means that Spirent Communications plc assets are financed with 34.0% credit (debt) and the remaining percentage (100% - 34.0%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Spirent Communications plc:

  • The MRQ is 0.340. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.340. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.340TTM0.3400.000
TTM0.340YOY0.353-0.012
TTM0.3405Y0.331+0.010
5Y0.33110Y0.315+0.016
1.4.2. Debt to Equity Ratio

Measures if Spirent Communications plc is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Spirent Communications plc to the Software - Infrastructure industry mean.
  • A Debt to Equity ratio of 51.6% means that company has 0.52 debt for each 1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Spirent Communications plc:

  • The MRQ is 0.516. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.516. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.516TTM0.5160.000
TTM0.516YOY0.545-0.029
TTM0.5165Y0.495+0.021
5Y0.49510Y0.462+0.033

2. Market Valuation of Spirent Communications plc

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every 1 in earnings Spirent Communications plc generates.

  • Above 15 is considered overpriced but always compare Spirent Communications plc to the Software - Infrastructure industry mean.
  • A PE ratio of 20.08 means the investor is paying 20.08 for every 1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Spirent Communications plc:

  • The EOD is 15.435. Based on the earnings, the company is fair priced.
  • The MRQ is 20.081. Based on the earnings, the company is fair priced.
  • The TTM is 20.081. Based on the earnings, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD15.435MRQ20.081-4.646
MRQ20.081TTM20.0810.000
TTM20.081YOY23.982-3.901
TTM20.0815Y21.973-1.892
5Y21.97310Y21.509+0.464
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Spirent Communications plc:

  • The EOD is 14.095. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The MRQ is 18.337. Based on how much money comes from the company's main activities, the company is underpriced. +1
  • The TTM is 18.337. Based on how much money comes from the company's main activities, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD14.095MRQ18.337-4.243
MRQ18.337TTM18.3370.000
TTM18.337YOY23.077-4.740
TTM18.3375Y19.445-1.108
5Y19.44510Y24.577-5.132
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Spirent Communications plc is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Software - Infrastructure industry mean).
  • A PB ratio of 4.31 means the investor is paying 4.31 for each 1 in book value.

Let's take a look of the Price to Book Ratio trends of Spirent Communications plc:

  • The EOD is 3.315. Based on the equity, the company is fair priced.
  • The MRQ is 4.312. Based on the equity, the company is fair priced.
  • The TTM is 4.312. Based on the equity, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD3.315MRQ4.312-0.998
MRQ4.312TTM4.3120.000
TTM4.312YOY4.780-0.468
TTM4.3125Y4.234+0.079
5Y4.23410Y3.019+1.215
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Spirent Communications plc compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--2.5612.5610%0.820+212%2.983-14%0.069+3628%
Book Value Per Share--60.33860.3380%57.777+4%54.559+11%52.783+14%
Current Ratio--2.1722.1720%2.086+4%2.258-4%2.152+1%
Debt To Asset Ratio--0.3400.3400%0.353-3%0.331+3%0.315+8%
Debt To Equity Ratio--0.5160.5160%0.545-5%0.495+4%0.462+12%
Dividend Per Share--5.1755.1750%10.794-52%6.214-17%4.602+12%
Eps--12.95712.9570%11.517+13%10.516+23%5.923+119%
Free Cash Flow Per Share--14.19014.1900%11.969+19%12.073+18%8.113+75%
Free Cash Flow To Equity Per Share--4.7994.7990%-2.130+144%3.201+50%1.263+280%
Gross Profit Margin---0.390-0.3900%-0.577+48%-0.661+69%-1.742+346%
Intrinsic Value_10Y_max--180.039--------
Intrinsic Value_10Y_min--66.351--------
Intrinsic Value_1Y_max--14.502--------
Intrinsic Value_1Y_min--7.823--------
Intrinsic Value_3Y_max--46.269--------
Intrinsic Value_3Y_min--22.627--------
Intrinsic Value_5Y_max--81.289--------
Intrinsic Value_5Y_min--36.356--------
Market Cap115729203200.000-37%158904140000.000158904140000.0000%169448700000.000-6%143694300000.000+11%99843437500.000+59%
Net Profit Margin--0.1640.1640%0.155+6%0.151+9%0.088+88%
Operating Margin--0.1930.1930%0.189+2%0.175+10%0.105+84%
Operating Ratio--0.8130.8130%0.819-1%0.825-1%0.873-7%
Pb Ratio3.315-30%4.3124.3120%4.780-10%4.234+2%3.019+43%
Pe Ratio15.435-30%20.08120.0810%23.982-16%21.973-9%21.509-7%
Price Per Share200.000-30%260.200260.2000%276.200-6%234.060+11%162.210+60%
Price To Free Cash Flow Ratio14.095-30%18.33718.3370%23.077-21%19.445-6%24.577-25%
Price To Total Gains Ratio25.854-30%33.63633.6360%23.781+41%25.465+32%41.866-20%
Quick Ratio--1.8491.8490%1.834+1%1.988-7%1.576+17%
Return On Assets--0.1420.1420%0.129+10%0.128+11%0.072+96%
Return On Equity--0.2150.2150%0.199+8%0.191+12%0.107+102%
Total Gains Per Share--7.7367.7360%11.614-33%9.197-16%4.671+66%
Usd Book Value--464954272.056464954272.0560%447263621.550+4%422396763.664+10%410473065.328+13%
Usd Book Value Change Per Share--0.0320.0320%0.010+212%0.038-14%0.001+3628%
Usd Book Value Per Share--0.7610.7610%0.729+4%0.688+11%0.666+14%
Usd Dividend Per Share--0.0650.0650%0.136-52%0.078-17%0.058+12%
Usd Eps--0.1630.1630%0.145+13%0.133+23%0.075+119%
Usd Free Cash Flow--109342212.732109342212.7320%92651034.006+18%93530569.172+17%63026690.447+73%
Usd Free Cash Flow Per Share--0.1790.1790%0.151+19%0.152+18%0.102+75%
Usd Free Cash Flow To Equity Per Share--0.0610.0610%-0.027+144%0.040+50%0.016+280%
Usd Market Cap1460271085.978-37%2005052438.5202005052438.5200%2138103696.600-6%1813134677.400+11%1259824494.375+59%
Usd Price Per Share2.524-30%3.2833.2830%3.485-6%2.953+11%2.047+60%
Usd Profit--99847230.82299847230.8220%89152882.776+12%81416971.199+23%46025675.469+117%
Usd Revenue--607179106.350607179106.3500%575695745.280+5%536996197.958+13%494428694.848+23%
Usd Total Gains Per Share--0.0980.0980%0.147-33%0.116-16%0.059+66%
 EOD+4 -4MRQTTM+0 -0YOY+29 -75Y+24 -1210Y+31 -5

3.2. Fundamental Score

Let's check the fundamental score of Spirent Communications plc based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1515.435
Price to Book Ratio (EOD)Between0-13.315
Net Profit Margin (MRQ)Greater than00.164
Operating Margin (MRQ)Greater than00.193
Quick Ratio (MRQ)Greater than11.849
Current Ratio (MRQ)Greater than12.172
Debt to Asset Ratio (MRQ)Less than10.340
Debt to Equity Ratio (MRQ)Less than10.516
Return on Equity (MRQ)Greater than0.150.215
Return on Assets (MRQ)Greater than0.050.142
Total8/10 (80.0%)

3.3. Technical Score

Let's check the technical score of Spirent Communications plc based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5087.476
Ma 20Greater thanMa 50171.295
Ma 50Greater thanMa 100138.424
Ma 100Greater thanMa 200125.982
OpenGreater thanClose198.000
Total3/5 (60.0%)



Latest Balance Sheet

Balance Sheet of 2022-12-31. Currency in USD. All numbers in thousands.

Summary
Total Assets705,300
Total Liabilities240,100
Total Stockholder Equity465,200
 As reported
Total Liabilities 240,100
Total Stockholder Equity+ 465,200
Total Assets = 705,300

Assets

Total Assets705,300
Total Current Assets413,500
Long-term Assets242,100
Total Current Assets
Cash And Cash Equivalents 209,600
Net Receivables 142,400
Inventory 39,800
Other Current Assets 21,700
Total Current Assets  (as reported)413,500
Total Current Assets  (calculated)413,500
+/-0
Long-term Assets
Property Plant Equipment 40,100
Goodwill 183,100
Intangible Assets 18,900
Other Assets 49,700
Long-term Assets  (as reported)242,100
Long-term Assets  (calculated)291,800
+/- 49,700

Liabilities & Shareholders' Equity

Total Current Liabilities190,400
Long-term Liabilities49,700
Total Stockholder Equity465,200
Total Current Liabilities
Short-term Debt 7,100
Accounts payable 33,600
Other Current Liabilities 156,800
Total Current Liabilities  (as reported)190,400
Total Current Liabilities  (calculated)197,500
+/- 7,100
Long-term Liabilities
Capital Lease Obligations Min Short Term Debt15,000
Other Liabilities 34,700
Long-term Liabilities  (as reported)49,700
Long-term Liabilities  (calculated)49,700
+/-0
Total Stockholder Equity
Common Stock24,700
Retained Earnings 376,600
Other Stockholders Equity 63,900
Total Stockholder Equity (as reported)465,200
Total Stockholder Equity (calculated)465,200
+/-0
Other
Capital Stock24,700
Cash and Short Term Investments 209,600
Common Stock Shares Outstanding 610,700
Current Deferred Revenue-7,100
Liabilities and Stockholders Equity 705,300
Net Debt -187,500
Net Invested Capital 465,200
Net Tangible Assets 263,200
Net Working Capital 223,100
Property Plant and Equipment Gross 40,100
Short Long Term Debt Total 22,100



Balance Sheet

Currency in USD. All numbers in thousands.

 Trend2022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-312012-12-312011-12-312010-12-312009-12-312008-12-312007-12-312006-12-312005-12-312004-12-312003-12-312002-12-312001-12-312000-12-311999-12-311998-12-311997-12-311996-12-311995-12-311994-12-311993-12-311992-12-311991-12-311990-12-311989-12-311988-12-311987-12-311986-12-311985-12-31
> Total Assets 
145,128
164,207
284,061
347,367
349,053
414,322
416,702
327,755
359,072
543,205
606,847
633,985
621,735
708,441
1,226,058
3,607,809
2,159,743
856,084
726,786
793,693
694,301
566,211
482,895
384,114
469,299
544,499
578,898
653,400
612,300
606,900
592,000
508,600
517,600
512,700
604,700
649,800
691,300
705,300
705,300691,300649,800604,700512,700517,600508,600592,000606,900612,300653,400578,898544,499469,299384,114482,895566,211694,301793,693726,786856,0842,159,7433,607,8091,226,058708,441621,735633,985606,847543,205359,072327,755416,702414,322349,053347,367284,061164,207145,128
   > Total Current Assets 
102,576
111,435
210,129
213,358
211,590
241,164
236,359
211,399
232,304
396,412
423,523
440,518
410,963
398,705
437,589
560,850
384,174
393,815
320,536
372,296
514,832
366,176
291,522
214,243
284,300
359,699
386,199
378,200
350,500
255,900
253,500
252,800
283,200
289,100
347,700
397,000
368,600
413,500
413,500368,600397,000347,700289,100283,200252,800253,500255,900350,500378,200386,199359,699284,300214,243291,522366,176514,832372,296320,536393,815384,174560,850437,589398,705410,963440,518423,523396,412232,304211,399236,359241,164211,590213,358210,129111,435102,576
       Cash And Cash Equivalents 
16,398
12,477
12,188
16,783
15,539
25,464
26,812
30,405
31,420
58,815
67,588
79,438
67,943
55,440
60,987
42,717
40,103
134,493
67,143
99,164
84,658
181,227
146,753
87,425
173,899
223,900
236,500
248,600
216,200
99,800
102,000
96,100
128,400
121,600
183,200
241,200
174,800
209,600
209,600174,800241,200183,200121,600128,40096,100102,00099,800216,200248,600236,500223,900173,89987,425146,753181,22784,65899,16467,143134,49340,10342,71760,98755,44067,94379,43867,58858,81531,42030,40526,81225,46415,53916,78312,18812,47716,398
       Short-term Investments 
23,843
20,866
91,406
67,199
55,191
67,241
63,759
19,967
12,198
109,591
81,637
78,275
39,509
9,627
82,503
5,825
436
3,544
0
0
4,474
9,992
9,916
0
970
0
0
0
0
0
0
0
100
0
100
200
100
0
01002001000100000000097009,9169,9924,474003,5444365,82582,5039,62739,50978,27581,637109,59112,19819,96763,75967,24155,19167,19991,40620,86623,843
       Net Receivables 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
181,200
104,700
86,000
78,100
81,400
48,100
55,500
42,900
54,600
43,900
85,200
98,500
88,300
93,800
119,400
117,000
115,800
119,600
128,300
128,700
118,400
149,200
142,400
142,400149,200118,400128,700128,300119,600115,800117,000119,40093,80088,30098,50085,20043,90054,60042,90055,50048,10081,40078,10086,000104,700181,200000000000000000
       Inventory 
28,539
36,207
49,821
58,356
65,258
72,104
71,936
80,881
92,048
107,323
138,700
140,150
133,241
149,722
112,107
203,429
135,275
99,058
98,214
103,575
46,459
49,764
35,300
35,439
28,100
37,600
43,600
34,000
31,600
26,500
22,900
27,400
23,600
25,700
20,600
22,300
26,000
39,800
39,80026,00022,30020,60025,70023,60027,40022,90026,50031,60034,00043,60037,60028,10035,43935,30049,76446,459103,57598,21499,058135,275203,429112,107149,722133,241140,150138,700107,32392,04880,88171,93672,10465,25858,35649,82136,20728,539
   > Long-term Assets 
42,553
52,772
73,933
134,010
137,463
173,159
180,343
116,356
126,768
146,793
183,324
193,467
210,772
309,735
788,469
3,046,959
1,775,569
462,269
406,250
421,398
179,469
200,035
191,373
169,871
184,999
184,800
192,699
275,200
261,800
351,000
338,500
255,800
234,400
223,600
215,800
209,000
257,900
242,100
242,100257,900209,000215,800223,600234,400255,800338,500351,000261,800275,200192,699184,800184,999169,871191,373200,035179,469421,398406,250462,2691,775,5693,046,959788,469309,735210,772193,467183,324146,793126,768116,356180,343173,159137,463134,01073,93352,77242,553
       Property Plant Equipment 
34,883
42,166
59,139
69,834
70,252
78,955
88,586
105,994
114,375
131,292
166,758
178,621
187,132
239,024
173,094
136,200
137,600
110,000
90,200
86,300
30,100
25,300
16,200
18,600
14,700
29,100
35,500
34,100
39,600
52,200
51,100
47,300
42,300
36,100
55,500
49,100
49,700
40,100
40,10049,70049,10055,50036,10042,30047,30051,10052,20039,60034,10035,50029,10014,70018,60016,20025,30030,10086,30090,200110,000137,600136,200173,094239,024187,132178,621166,758131,292114,375105,99488,58678,95570,25269,83459,13942,16634,883
       Goodwill 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,816,700
987,700
113,600
101,600
88,800
71,500
54,800
55,400
74,300
67,900
110,400
114,200
170,100
169,000
223,200
216,900
155,700
156,800
155,700
157,100
157,500
184,000
183,100
183,100184,000157,500157,100155,700156,800155,700216,900223,200169,000170,100114,200110,40067,90074,30055,40054,80071,50088,800101,600113,600987,7001,816,700000000000000000
       Long Term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
26,500
30,440
2,925
0
0
0
0
0
0
0
0
0
4,600
0
0
0
0
0
0
0
00000004,6000000000002,92530,44026,500000000000000000000
       Intangible Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
43,821
519,768
2,713,586
1,435,131
182,975
198,036
204,273
123,030
124,018
116,212
113,638
112,400
111,999
123,200
37,300
29,800
50,100
34,700
14,100
6,800
2,300
3,200
2,400
24,200
18,900
18,90024,2002,4003,2002,3006,80014,10034,70050,10029,80037,300123,200111,999112,400113,638116,212124,018123,030204,273198,036182,9751,435,1312,713,586519,76843,8210000000000000
       Other Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
34,100
2,100
0
-195,935
166,800
13,500
18,600
17,300
29,300
42,600
33,300
33,300
23,300
25,500
31,200
38,700
28,900
29,500
41,200
43,800
64,800
49,700
49,70064,80043,80041,20029,50028,90038,70031,20025,50023,30033,30033,30042,60029,30017,30018,60013,500166,800-195,93502,10034,1000000000000000000
> Total Liabilities 
56,981
68,489
83,591
124,013
128,785
174,312
163,968
168,585
219,758
260,976
311,062
296,618
347,484
349,739
814,838
861,961
566,090
696,142
497,679
486,037
484,032
208,068
202,876
133,700
117,502
137,400
156,698
157,800
159,900
172,500
179,900
167,000
164,300
157,400
202,400
207,000
243,800
240,100
240,100243,800207,000202,400157,400164,300167,000179,900172,500159,900157,800156,698137,400117,502133,700202,876208,068484,032486,037497,679696,142566,090861,961814,838349,739347,484296,618311,062260,976219,758168,585163,968174,312128,785124,01383,59168,48956,981
   > Total Current Liabilities 
38,366
54,151
61,992
99,340
104,056
146,403
136,447
137,656
108,704
148,262
179,974
161,487
192,257
183,750
436,133
327,697
258,634
176,049
203,750
235,921
165,703
192,394
184,234
113,345
103,202
126,800
132,099
120,200
140,300
137,800
133,100
133,000
136,900
130,200
154,400
155,200
176,700
190,400
190,400176,700155,200154,400130,200136,900133,000133,100137,800140,300120,200132,099126,800103,202113,345184,234192,394165,703235,921203,750176,049258,634327,697436,133183,750192,257161,487179,974148,262108,704137,656136,447146,403104,05699,34061,99254,15138,366
       Short-term Debt 
2,638
9,225
4,978
18,964
28,960
56,774
56,695
55,748
9,295
7,481
12,714
13,770
16,531
10,125
242,656
30,918
16,274
2,899
3,214
3,453
6,711
0
0
0
0
0
0
0
0
0
0
0
0
0
8,500
8,200
8,400
7,100
7,1008,4008,2008,50000000000000006,7113,4533,2142,89916,27430,918242,65610,12516,53113,77012,7147,4819,29555,74856,69556,77428,96018,9644,9789,2252,638
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
4,802
228,495
9,464
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
000000000000000009,464228,4954,802000000000000000000
       Accounts payable 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
42,000
29,800
23,600
27,600
28,000
11,100
11,400
9,000
13,700
11,700
27,000
21,500
15,900
18,300
17,800
15,700
21,000
16,300
12,900
24,600
9,400
12,900
33,600
33,60012,9009,40024,60012,90016,30021,00015,70017,80018,30015,90021,50027,00011,70013,7009,00011,40011,10028,00027,60023,60029,80042,000000000000000000
       Other Current Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
157,600
137,000
83,900
83,700
88,800
81,300
86,800
83,900
63,700
52,400
99,800
110,600
104,300
122,000
120,000
71,300
67,900
120,600
117,300
129,800
145,800
163,800
156,800
156,800163,800145,800129,800117,300120,60067,90071,300120,000122,000104,300110,60099,80052,40063,70083,90086,80081,30088,80083,70083,900137,000157,600000000000000000
   > Long-term Liabilities 
18,615
14,337
21,599
24,672
24,729
27,910
27,521
30,928
111,054
112,714
131,088
135,130
155,227
165,989
378,705
534,263
307,455
520,093
293,929
250,115
318,329
15,674
18,642
20,355
14,300
10,600
24,600
37,600
19,600
34,700
46,800
34,000
27,400
27,200
48,000
51,800
67,100
49,700
49,70067,10051,80048,00027,20027,40034,00046,80034,70019,60037,60024,60010,60014,30020,35518,64215,674318,329250,115293,929520,093307,455534,263378,705165,989155,227135,130131,088112,714111,05430,92827,52127,91024,72924,67221,59914,33718,615
       Other Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
16,500
14,300
35,000
55,400
44,700
113,000
8,000
9,400
13,900
8,900
10,600
24,600
37,600
19,600
32,200
46,800
34,000
27,600
27,200
23,500
31,800
45,700
34,700
34,70045,70031,80023,50027,20027,60034,00046,80032,20019,60037,60024,60010,6008,90013,9009,4008,000113,00044,70055,40035,00014,30016,500000000000000000
       Deferred Long Term Liability 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
72,385
3,661
151,430
0
0
0
0
0
0
0
0
0
0
0
400
500
300
300
800
500
50080030030050040000000000000151,4303,66172,385000000000000000000
> Total Stockholder Equity
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,834,700
1,094,400
139,100
119,900
143,700
120,300
182,800
138,100
171,000
218,500
407,100
422,200
495,600
452,400
434,300
411,800
341,600
353,300
355,300
402,300
442,800
447,500
465,200
465,200447,500442,800402,300355,300353,300341,600411,800434,300452,400495,600422,200407,100218,500171,000138,100182,800120,300143,700119,900139,1001,094,4001,834,700000000000000000
   Common Stock
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
30,900
31,100
31,300
31,500
31,900
32,200
32,500
28,000
22,400
22,600
35,300
34,300
35,300
34,400
31,800
30,200
25,300
27,500
26,000
26,800
27,900
27,500
24,700
24,70027,50027,90026,80026,00027,50025,30030,20031,80034,40035,30034,30035,30022,60022,40028,00032,50032,20031,90031,50031,30031,10030,900000000000000000
   Retained Earnings Total Equity00000000000000000000000000000000000000
   Accumulated Other Comprehensive Income 000-159,800-128,000-123,500-115,700-117,100-109,900-111,300-112,700-111,999-109,901-101,600-89,768-133,069-144,590-38,888-49,870-262,321-204,719-186,275-199,845-187,815-308,075-268,465-265,339-236,2320000000000
   Capital Surplus 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
25,000
27,300
25,700
26,600
27,600
0
0
0027,60026,60025,70027,30025,0000000000000000000000000000000000
   Treasury Stock00000000000000000000000000000000000000
   Other Stockholders Equity 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
32,724
-132,357
-69,004
0
0
0
0
0
0
0
41,400
41,800
39,100
46,000
193,300
196,200
69,300
69,200
69,300
63,900
63,90069,30069,20069,300196,200193,30046,00039,10041,80041,4000000000-69,004-132,35732,724000000000000000000



Balance Sheet

Currency in USD. All numbers in thousands.




Cash Flow

Currency in USD. All numbers in thousands.




Income Statement

Currency in USD. All numbers in thousands.


Latest Income Statement (annual, 2022-12-31)

Gross Profit (+$)
totalRevenue607,500
Cost of Revenue-170,400
Gross Profit437,100437,100
 
Operating Income (+$)
Gross Profit437,100
Operating Expense-323,600
Operating Income117,100113,500
 
Operating Expense (+$)
Research Development111,300
Selling General Administrative70,600
Selling And Marketing Expenses138,900
Operating Expense323,600320,800
 
Net Interest Income (+$)
Interest Income2,900
Interest Expense-1,000
Other Finance Cost-0
Net Interest Income1,900
 
Pretax Income (+$)
Operating Income117,100
Net Interest Income1,900
Other Non-Operating Income Expenses-
Income Before Tax (EBT)114,600119,600
EBIT - interestExpense = 116,100
114,600
100,900
Interest Expense1,000
Earnings Before Interest and Taxes (EBIT)117,100115,600
Earnings Before Interest and Taxes (EBITDA)133,400
 
After tax Income (+$)
Income Before Tax114,600
Tax Provision-14,700
Net Income From Continuing Ops99,90099,900
Net Income99,900
Net Income Applicable To Common Shares99,900
 
Non-recurring Events
Discontinued Operations-
Extraordinary Items-
Effect of Accounting Charges-
Other Items-
Non Recurring-
Other Operating Expenses494,000
Total Other Income/Expenses Net-2,500-1,900
 

Technical Analysis of Spirent Communications plc
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Spirent Communications plc. The general trend of Spirent Communications plc is BULLISH with 85.7% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Spirent Communications plc's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (85.7%) Bearish trend (-85.7%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Spirent Communications plc.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is -1/(-1 +1).

  • Around resistance: The price is trading arround resistance levels. This can be considered as a potential exit level. -1

The bullish price targets are: 200.61 < 205.57 < 210.16.

The bearish price targets are: 174.00 > 159.96 > 130.40.

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Spirent Communications plc Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Spirent Communications plc. The current mas is .

The long score for the Moving Averages is 13/14.
The longshort score for the Moving Averages is 12/(-14 +14).

  • MA 20 trending up: The MA 20 is trending up. +1
  • Close > MA 20: The price is above the MA 20. +1
  • MA 20 > MA 50: The MA 20 is higher than the MA 50. +1
  • MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
  • MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
  • MA 50 trending up: The MA 50 is trending up. +1
  • Close > MA 50: The price is above the MA 50. +1
  • MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
  • MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
  • MA 100 trending up: The MA 100 is trending up. +1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 < MA 200: The MA 100 is lower than the MA 200. -1
  • MA 200 trending up: The MA 200 is trending up. +1
  • Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Spirent Communications plc Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Spirent Communications plc. The current macd is 14.60.

The long score for the Moving Average Convergence/Divergence (MACD) is 4/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 4/(-4 +4).

  • MACD line > signal line: The MACD line is above the signal line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Spirent Communications plc price going up in the near term. +2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Spirent Communications plc. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the Spirent Communications plc price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1
Spirent Communications plc Daily Moving Average Convergence/Divergence (MACD) ChartSpirent Communications plc Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Spirent Communications plc. The current adx is 55.56.

The long score for the Directional Movement Index (DMI) is 4/7.
The longshort score for the Directional Movement Index (DMI) is 4/(-7 +7).

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Spirent Communications plc shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX > 25 && ADX trending up: The ADX is above 25 and indicates a strong bullish trend. The ADX is trending up, so the bullish trend is strengthening.
Spirent Communications plc Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Spirent Communications plc. The current sar is 146.19.

The long score for the Parabolic SAR is 1/1.
The longshort score for the Parabolic SAR is 1/(-1 +1).

  • Close > SAR: The price is above the SAR. It's generally considered a bullish signal. +1
Spirent Communications plc Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Spirent Communications plc. The current rsi is 87.48. The current phase is Overbought in bull market.

The long score for the Relative Strength Index (RSI) is 1/13.
The longshort score for the Relative Strength Index (RSI) is 0/(-13 +13).

  • Overbought in bull market: Short-term excessive buying, potential for pullback. Consider taking profits, be cautious of potential correction. -1
  • Trending up: The RSI is trending up. +1
Spirent Communications plc Daily Relative Strength Index (RSI) ChartSpirent Communications plc Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Spirent Communications plc. The current phase is Overbought in bull market.

The long score for the Stochastic Oscillator is 6/6.
The longshort score for the Stochastic Oscillator is 6/(-6 +6).

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
  • STOCH > 80: The STOCH %K is above 80 and overbought. +2
  • STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Spirent Communications plc price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
Spirent Communications plc Daily Stochastic Oscillator ChartSpirent Communications plc Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Spirent Communications plc. The current cci is 146.40.

The long score for the Commodity Channel Index (CCI) is 1/1.
The longshort score for the Commodity Channel Index (CCI) is 1/(-1 +1).

  • CCI > 100: The CCI is above 100, it indicates that the price is significantly above its average, suggesting a potential overbought condition. +1
Spirent Communications plc Daily Commodity Channel Index (CCI) ChartSpirent Communications plc Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Spirent Communications plc. The current cmo is 83.93.

The long score for the Chande Momentum Oscillator (CMO) is 1/1.
The longshort score for the Chande Momentum Oscillator (CMO) is 1/(-1 +1).

  • CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1
Spirent Communications plc Daily Chande Momentum Oscillator (CMO) ChartSpirent Communications plc Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Spirent Communications plc. The current willr is -7.14285714.

The long score for the Williams %R is 1/1.
The longshort score for the Williams %R is 1/(-1 +1).

  • WILLR > -20: The Williams %R is above -20. This indicates that the price is in overbought territory, suggesting a potential price correction or trend reversal to the downside. +1
Spirent Communications plc Daily Williams %R ChartSpirent Communications plc Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of Spirent Communications plc.

Spirent Communications plc Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Spirent Communications plc. The current atr is 7.38109651.

Spirent Communications plc Daily Average True Range (ATR) ChartSpirent Communications plc Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Spirent Communications plc. The current obv is 96,875,346.

Spirent Communications plc Daily On-Balance Volume (OBV) ChartSpirent Communications plc Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Spirent Communications plc. The current mfi is 56.45.

The long score for the Money Flow Index (MFI) is 1/2.
The longshort score for the Money Flow Index (MFI) is 1/(-2 +2).

  • MFI > 50: +1
Spirent Communications plc Daily Money Flow Index (MFI) ChartSpirent Communications plc Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Spirent Communications plc.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2023-11-08STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-11-09SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2023-11-10STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-13DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2023-11-14DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2023-11-15DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2023-11-16DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-17STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-11-20DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2023-11-23DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2023-11-24CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-11-27STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-29DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-01STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-05DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-06STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-08DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-11DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2023-12-12DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-12-13BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2023-12-14WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-12-15STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-20STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2023-12-22STOCH LONG EXITThe %K line crosses below the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-12-27STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-28STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-03SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-04MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-05CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-08STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-10STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-11WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-15CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-01-16SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-17CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-01-18MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-19MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-01-22STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-25MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-01-26STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-30MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-01-31CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-01SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-02-05DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-06STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-07WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-09DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2024-02-12CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-13STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-14DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-16STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-19CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-02-20STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-22STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-23SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-26CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-02-27SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-02-28STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-29MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-03-01RSI LONG ENTRY SHORT CLOSE30 crossover to upside
2024-03-04MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-03-05MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-03-07STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-08STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-14STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-15MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-03-20STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-21STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-25MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-03-27STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-28MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).

6.3. Candlestick Patterns

Spirent Communications plc Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Spirent Communications plc based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5087.476
Ma 20Greater thanMa 50171.295
Ma 50Greater thanMa 100138.424
Ma 100Greater thanMa 200125.982
OpenGreater thanClose198.000
Total3/5 (60.0%)
Penke

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