STOCKS | Cambridge Technology Says Operations Normal After Unusual Share Trading Moves

Cambridge Technology said its production and business operations are normal and that it is not aware of any material matters that could have caused abnormal fluctuations in its share price. According to Jin10, the company issued an announcement on June 24 addressing unusual movements in its stock trading. Cambridge Technology said its main business covers the research, production, and sales of communications connectivity terminal equipment and high-speed optical modules used in telecommunications, data communications, enterprise networks, and home networks. It added that industry development is closely tied to global communications technology upgrades and downstream customers’ capital expenditure plans. The company said potential risks include future adjustments to industry policies, weaker-than-expected market demand, shortages of key raw materials, or sharp increases in raw material prices. It said these factors could adversely affect its operations, product costs, and profitability.