UK's Calnex Solutions rises after upbeat annual revenue forecast

Calnex Solutions

13/04/2026 09:52

** Telecom equipments company Calnex Solutions' CLXC.L shares rise as much as 11.3% to 53.99p

** Co expects FY26 revenue to rise by around 19%, driven by continued traction in government and defence markets, diversification across cloud computing and data centres

** Co expects continued growth in FY27 and FY28 amid stable telecoms market

** CLXC says FY26 traded slightly ahead of market expectations while also delivering double-digit revenue growth and improved profitability

** YTD, stock is up about 19%

($1 = 0.7450 pounds)

(Reporting by Neeshita Beura in Bengaluru)

((Neeshita.Beura@thomsonreuters.com))