Added to YB: 2024-03-06
Pitch date: 2024-03-06
CLX.L [bullish]
Calnex Solutions plc
-31.1%
current return
Author Info
@LionCubsFund is a small-cap equity investor hunting for 100-baggers. Follow on Twitter.
Company Info
Calnex Solutions plc designs, produces, and markets test instrumentation and solutions for network synchronization, and network emulation for telecoms networks, enterprise networks, and data centers in the Americas, North Asia, and internationally.
Market Cap
GBP 43.5M
Pitch Price
GBP 0.63
Price Target
N/A
Dividend
1.88%
EV/EBITDA
29.38
P/E
137.54
EV/Sales
1.84
Sector
Communications Equipment
Category
turnaround
Calnex Solutions: Navigating a 'Fallen Star' Label and Potential Turnaround
$CLX.L: Calnex, tiny 5G test equipment maker, fell from 197p to 40p as telco spend dried up. Strong cash position to weather slowdown. I expect 5G spend to grow again, allowing Calnex's 20+ ROCE & 60%+ gross margins to shine. 4.5% position.
Read full article (1 min)