It's been a busy couple of weeks for Telit Communications (TCM). The wireless connectivity specialist revealed strong trading across its territories, leaving it on track to deliver double-digit sales growth in 2016. US mobile carrier AT&T certified its Cat-1 module, allowing it to tap into mounting demand for high-speed wireless technology over the pond. It also signed up Deere & Co and inked a landmark agreement with SAP, allowing the software giant to license and resell its connected-device platform.
IC TIP:
Buy
at
200p
Broker Canaccord Genuity expects adjusted EPS of 23¢ (15.7p) in 2016, up from 21¢ in 2015.
