Key Points
- Insider buying: Calnex Solutions insider Graeme Bissett purchased 28,610 shares on May 29, signaling confidence in the company.
- Strong analyst sentiment: Canaccord Genuity raised its price target on Calnex Solutions from GBX 115 to GBX 125 and reiterated a buy rating; consensus on MarketBeat is also Buy.
- Latest results and valuation: The company reported quarterly EPS of GBX 0.83 and revenue of GBX 2,188 million, while shares were trading near GBX 70 with a market cap of about £61.6 million.
Calnex Solutions plc (LON:CLX - Get Free Report) insider Graeme Bissett acquired 28,610 shares of Calnex Solutions stock in a transaction dated Friday, May 29th. The shares were bought at an average cost of £699 per share, with a total value of £19,998,390.
Calnex Solutions Stock Performance
LON CLX opened at GBX 70 on Tuesday. The company has a fifty day simple moving average of GBX 59.19 and a 200 day simple moving average of GBX 52.51. Calnex Solutions plc has a 12-month low of GBX 40 and a 12-month high of GBX 88.40. The company has a current ratio of 2.80, a quick ratio of 3.22 and a debt-to-equity ratio of 3.43. The company has a market cap of £61.59 million, a P/E ratio of 101.45 and a beta of 1.02.
Calnex Solutions (LON:CLX - Get Free Report) last posted its quarterly earnings results on Tuesday, May 26th. The company reported GBX 0.83 earnings per share (EPS) for the quarter. Calnex Solutions had a net margin of 3.33% and a return on equity of 2.71%. The business had revenue of GBX 2,188 million during the quarter. Sell-side analysts predict that Calnex Solutions plc will post 0.3596909 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Separately, Canaccord Genuity Group lifted their price target on shares of Calnex Solutions from GBX 115 to GBX 125 and gave the company a "buy" rating in a research report on Wednesday, May 27th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of GBX 125.
Check Out Our Latest Analysis on Calnex Solutions
Calnex Solutions Company Profile
(
Get Free Report)
Calnex Solutions designs, produces and markets test and measurement instrumentation and solutions for the telecoms, cloud computing and defence industries. Calnex's portfolio enables R&D, pre-deployment and in-service testing for network technologies and networked applications, enabling its customers to validate the performance of the critical infrastructure associated with telecoms and cloud computing networks and the applications that run on it.
To date, Calnex has secured and delivered orders in 68 countries across the world.
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