Rakon has upgraded its earnings guidance. Photo / Natalie SladeRakon's share price has jumped higher after the company upgraded its earnings guidance for its 2021 financial year. Anand Rambhai, Rakon chief financial officer, said demand from the telecommunications sector had been higher than expected. "Globally, the roll-out of 5G networks is continuing, resulting in greater demand for Rakon products. Rakon shares have rallied strongly in recent weeks and on January 8 the company received a please explain notice from the stock exchange.

Source: New Zealand Herald January 17, 2021 23:37 UTC