Calnex sees growing traction in cloud, defence markets

(Sharecast News) - Calnex Solutions said in an update on Thursday that it is seeing growing traction in the cloud computing and defence markets, adding that it expects its performance in 2026 to be in line with market expectations.

Ahead of its annual general meeting, the AIM-traded company said product development remained focused on opportunities in federal and cloud sectors, with enhancements to its network and application assurance platform opening new prospects in complex defence network environments.

Targeted senior hires, including a new vice-president of sales and of products and markets, had been made to drive growth and expand the product portfolio, customer base and global partner network.

The group said it had added key channel partners in North America, targeting both the federal and enterprise sectors, and installed equipment in customer-facing test facilities to improve visibility and evaluation opportunities for US federal tenders.

Calnex said the telecoms market had remained stable in early 2026, with activity expected to be largely unchanged through the year.

The firm added that its broad exposure to multiple end markets meant growth was not dependent on a telecoms recovery, while longer-term opportunities remain in areas such as 1.6 terabits per second and high-speed application testing.

Its board said a strong balance sheet, sustained customer engagement and emerging market opportunities underpinned its confidence in meeting full-year expectations.

At 1353 BST, shares in Calnex Solutions were up 2.56% at 49.23p.

Reporting by Josh White for Sharecast.com.