No longer a Stonking Small Cap!
This hitherto rapidly growing business, the first of our Stonking Small Caps, had been delivering stunning growth since arriving on AIM in 2020. Unfortunately, continued delays with customer ordering has brought a bad profit warning which we cover in our updated note here. Despite this recent pause, the fact remains that its customers will need to move forward at some point, however,. the steep forecast decline in revenue is not what we expect from a Stonking Small Cap!
The roll-out of 5G and the evolving nature of the telecoms market provides a highly supportive environment for this small testing business, which hasn’t missed a beat since its IPO on AIM in 2020. Founded in 2006 and with its headquarters in Linlithgow, Scotland, Calnex Solutions (LON:CLX) designs, produces and markets test and measurement instrumentation and solutions for the global telecommunications sector, enabling its telecom customers to validate the performance of critical infrastructure associated with telecoms networks. Calnex has an established position in the test and measurement industry, providing its equipment to many of the world’s leading Telecoms Network Operators…