5 Jul

£1000 to invest? Here’s one FTSE 250 tech stock I’d consider

first_img Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Image source: Getty Images. A long-term investmentWhen I’m looking to invest in the FTSE 250 or any other area of the market, I always think long term. That’s because it’s easy to become distracted by short-term fluctuations in the market, but I want to invest in companies that are going to be around far into the future.Therefore, if I think about businesses that are offering a service and have a reason to be here for the long term, then I think it makes for a more appealing investment. I feel Spirent Communications ticks this box. My primary concern is that it may not have enough of the competitive edge that I’d like. I’ll have to keep an eye on that. But I do expect it to go the distance. And I’d be happy to invest £1,000 to buy shares in this FTSE 250 business today. I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. £1000 to invest? Here’s one FTSE 250 tech stock I’d consider I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Simply click below to discover how you can take advantage of this. Our 6 ‘Best Buys Now’ Shares “This Stock Could Be Like Buying Amazon in 1997” Kirsteen has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. If I was to invest £1,000 in the UK stock market, I’d consider some of the promising stocks of the FTSE 250. One such company that’s recently caught my eye is Spirent Communications (LSE:SPT). This is a business involved in the UK’s much anticipated 5G rollout. The tech is getting set to rapidly advance the world as we know it, into (we hope) a technologically superior future. Spirent is an engineering company rolling out the infrastructure necessary for this revolution. I’m quite intrigued by the potential of 5G and the growth opportunities it presents.Why invest in this FTSE 250 stock?Spirent Communications was founded way back in 1936. As well as 5G, it’s also involved in cybersecurity. This is an increasingly vital cog in all businesses with an online presence. It provides cloud based automation and testing solutions for a variety of needs. It also creates simulators that allow reliable testing in the performance of autonomous vehicles.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…These are disruptive areas of technology that are building momentum in our changing world. 5G is particularly exciting because its instantaneously high speeds could be game-changing for so many aspects of industry. For instance, 5G connections are super-fast and reliable. This should allow for seamless multi-person video calls, autonomous driving, augmented and virtual reality solutions. Plus, it should greatly enhance those artificial intelligence programs that need to operate in real-time.Risk vs rewardThere’s considerable competition in the 5G infrastructure sector. You see, BT, Virgin Media and Vodafone are all vying for similar contracts. It also comes with high costs and immense responsibility. Managing the data transfer of vital and often sensitive communications is a serious business.Until October last year, Spirent Communications’ share price had been on an upward trajectory for the best part of half a decade. And up to today, its price has risen 216% over five years. It now has a £1.4bn market cap. And it has a forward price-to-earnings ratio (P/E) of 22, with earnings per share of 9p and a 1% dividend yield. Its full-year revenue grew 4% for 2020.It seems the recent pullback in its share price may be due to a slowdown in revenues caused by the ongoing pandemic. Enter Your Email Address Kirsteen Mackay | Wednesday, 24th February, 2021 | More on: SPT See all posts by Kirsteen Mackaylast_img read more

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