Spirent /£SPT
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About Spirent
Spirent Communications PLC, publicly traded as SPT on the London Stock Exchange, provides automated test and assurance solutions for networks, cybersecurity, and positioning. Founded in 1936, the company operates globally, offering innovative solutions to develop devices and equipment, network infrastructure, and services. Spirent's advanced testing tools and services ensure that networks and devices are not only secure but also achieve optimal performance and reliability.
Ticker
£SPT
Sector
Communication
Primary listing
LSE
Employees
1,490
Headquarters
Website
Spirent Metrics
BasicAdvanced
£1.1B
212.22
£0.01
0.50
£0.04
1.80%
Price and volume
Market cap
£1.1B
Beta
0.5
52-week high
£2.00
52-week low
£1.65
Average daily volume
1.8M
Dividend rate
£0.04
Financial strength
Current ratio
1.962
Quick ratio
1.727
Long term debt to equity
2.948
Total debt to equity
4.485
Interest coverage (TTM)
26.09%
Profitability
EBITDA (TTM)
30.998
Gross margin (TTM)
72.55%
Net profit margin (TTM)
1.53%
Operating margin (TTM)
6.09%
Effective tax rate (TTM)
15.29%
Revenue per employee (TTM)
£237,870
Management effectiveness
Return on assets (TTM)
3.08%
Return on equity (TTM)
1.87%
Valuation
Price to earnings (TTM)
212.22
Price to revenue (TTM)
3.201
Price to book
2.84
Price to tangible book (TTM)
5.81
Price to free cash flow (TTM)
58.659
Free cash flow yield (TTM)
1.70%
Free cash flow per share (TTM)
0.033
Dividend yield (TTM)
1.80%
Growth
Revenue change (TTM)
5.20%
Earnings per share change (TTM)
-46.22%
3-year revenue growth (CAGR)
-7.80%
10-year revenue growth (CAGR)
0.35%
3-year earnings per share growth (CAGR)
-56.90%
10-year earnings per share growth (CAGR)
-1.44%
What the Analysts think about Spirent
Analyst ratings (Buy, Hold, Sell) for Spirent stock.
Bulls say / Bears say
Spirent’s H1 2025 results were resilient, with revenue up 5% to $208.1m, order intake and the order book both up 9%, reflecting strong demand across its offerings despite macroeconomic headwinds.
Spirent and Keysight together control 85% of the high-speed Ethernet testing market, over 60% of the network security testing market, and more than 50% of the radio frequency channel emulation market, demonstrating Spirent’s leading competitive position in critical segments.
Keysight’s proposed £1.16 billion ($1.57 billion) acquisition of Spirent signals significant strategic value and a premium valuation for Spirent’s automated testing solutions, with investors viewing its growth outlook positively.
The U.S. DOJ’s requirement that Keysight divest Spirent’s high-speed Ethernet, network security, and RF channel emulation units before completing the acquisition may break up Spirent’s core businesses and disrupt its integrated test and assurance solutions.
Spirent’s H1 2025 results show Revenue from Lifecycle Service Assurance dropped 2% year-on-year to $83.7m, as a result of slow 5G Standalone upgrades and increasing commoditization in device testing, indicating challenges in a key segment.
The same H1 2025 report shows a reported operating loss of $14.2m, up 53% compared to H1 2024, and a reported loss before tax of $12.8m, a 71% increase year-on-year, underscoring unstable profitability despite higher revenues.
Data summarised monthly by Lightyear AI. Last updated on 3 Sept 2025.
Spirent Financial Performance
Revenues and expenses
Spirent Earnings Performance
Company profitability
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Market data provided by CBOE Europe and Deutsche Börse.
Capital at risk
Upcoming events
No upcoming events
FAQs
What’s the current market cap for Spirent stock?
Spirent (SPT) has a market cap of £1.1B as of September 05, 2025.
What is the P/E ratio for Spirent stock?
The price to earnings (P/E) ratio for Spirent (SPT) stock is 212.22 as of September 05, 2025.
Does Spirent stock pay dividends?
Yes, the Spirent (SPT) stock pays dividends to shareholders. As of September 05, 2025, the dividend rate is £0.035 and the yield is 1.8%. Spirent has a payout ratio of 0% on a trailing twelve-month basis.
When is the next Spirent dividend payment date?
The next Spirent (SPT) dividend payment date is unconfirmed.
What is the beta indicator for Spirent ?
Spirent (SPT) has a beta rating of 0.5. This means that it is less volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 0.5 would mean it moves half as much as the market.