Rakon hits 2-year low as global telco slowdown threatens earnings

Rakon hits 2-year low as global telco slowdown threatens earnings
The demand for 5G networks is there. Just not right now. (Image: DepositPhotos)
Paul McBeth
Rakon shares hit a two-and-a-half-year low on fears the global slowdown in telecommunications infrastructure will weigh on the domestic high-tech components maker’s earnings.The shares dropped 5.8% to 65 cents on Monday, the lowest level since January 2021, after Forsyth Barr analysts James Lindsay and Will Twiss said they anticipate Rakon will miss its annual forecast for earnings before interest, tax, depreciation and amortisation (Ebitda) as top-tier telecoms companies content with soft activity. Rakon had been forecasting Ebitda...

More Markets

NZ sharemarket gains in Labour day catch-up
Markets Market Close

NZ sharemarket gains in Labour day catch-up

Gentrack and A2 Milk both gained.

Restaurant Brands NZ's indy directors say low offer still tasty
Retail

Restaurant Brands NZ's indy directors say low offer still tasty

Below-valuation offer for Restaurant Brands NZ recommended by independent directors.

NZ sharemarket edges higher as F&P Healthcare weighs on gains
Markets Market Close

NZ sharemarket edges higher as F&P Healthcare weighs on gains

The S&P/NZX 50 Index closed 14.49 points or 0.11% down at 13,391.59.

Jamie Gray 24 Oct 2025
Contact Energy expands global investor base
Markets

Contact Energy expands global investor base

Contact Energy priced an inaugural €500 million (NZ$1.01b) 7-year senior bond under its Euro Medium Term Note (EMTN) Programme, it said Friday.“This marks a milestone in Contact’s funding strategy, expanding our global investor base and reinforcing our commitment to sustainable f...

Rebecca Howard 24 Oct 2025