Calnex Solutions (LON:CLX) Issues Quarterly Earnings Results

Calnex Solutions (LON:CLX) announced its earnings results on Tuesday. The company reported GBX 0.83 earnings per share for the quarter, Digital Look Earnings reports. Calnex Solutions had a return on equity of 2.30% and a net margin of 3.27%.The firm had revenue of GBX 2,188 million for the quarter.

Calnex Solutions Stock Performance

Shares of CLX opened at GBX 65 on Thursday. The stock has a 50-day moving average of GBX 57.97 and a two-hundred day moving average of GBX 52.30. Calnex Solutions has a one year low of GBX 40 and a one year high of GBX 88.40. The company has a debt-to-equity ratio of 4.06, a quick ratio of 3.22 and a current ratio of 4.38. The stock has a market cap of £57.19 million, a P/E ratio of 94.20 and a beta of 1.02.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group boosted their target price on Calnex Solutions from GBX 115 to GBX 125 and gave the stock a “buy” rating in a research note on Wednesday. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of GBX 125.

About Calnex Solutions

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.