- Updating on its third-quarter trading, communications technology company Spirent Communications said its performance was "on track" and anticipated it would "at least" deliver its expectations for the current financial year.

"We continue to expect a weighting to the second half of the year, with the usual uptick in the last quarter of the year, underpinned by the expected rebound in 400G high-speed Ethernet testing, the timing of key orders for Lifecycle Service Assurance solutions, continued expansion in our Security business and a strong performance within Positioning," the company said.

Spirent said it had secured a number of key wins with "solid" order growth in the period from 1 July to 30 September 2018, noting that this was in line with the same period of 2017.

This comes as incumbent CEO Eric Hutchinson announced his plans to retire from the company. However, he said he would remain in his role until a successor had been appointed and through a transition period.

At 9:47am: [LON:SPT] Spirent Communications PLC share price was +6p at 121.2p

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