Spirent gains after orders rise

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Telecoms testing service provider Spirent Communications said fourth-quarter orders exceeded its expectations, helped by strong demand from customers in the United States and Asia-Pacific in December.

Shares of the company, which tests ethernet networks, 3G and 4G wireless networks and devices, rose as much as 14 per cent following the announcement.

The company, which had warned in November that weak market conditions in the third quarter would stay for the rest of 2014, estimated full-year 2014 revenue at about $455m (£301m), a 10 per cent jump from a year earlier.