IN BRIEF: CML Microsystems on track to meet market expectations

CML Microsystems PLC - Essex, England-based developer of mixed-signal, radio frequency and ...

Alliance News 13 August, 2024 | 7:13PM
Email Form Facebook Twitter LinkedIn RSS

CML Microsystems PLC - Essex, England-based developer of mixed-signal, radio frequency and microwave semiconductors for communications markets - Issues update ahead of Tuesday's annual general meeting. Says operating results across the opening four months of the financial year are slightly ahead of the comparable period and are on track to meet market expectations for the year as a whole. "We continue to expect an improvement in customer inventory levels to commence during the second half of the financial year," company adds. "The board is pleased with the underlying progress the business is making and remains excited by the growth opportunities being addressed," CML continues.

Current stock price: 302.50 pence

12-month change: down 30%

By Jeremy Cutler, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights reserved.

Email Form Facebook Twitter LinkedIn RSS

Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
CML Microsystems PLC 245.00 GBX 0.00 -

About Author

Alliance News

Alliance News provides Morningstar with continuously updating coverage of news affecting listed companies.

© Copyright 2025 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Modern Slavery Statement        Cookie Settings        Disclosures