Calnex Solutions (LON:CLX) Releases Earnings Results

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

Calnex Solutions Price Performance

CLX opened at GBX 70.10 on Wednesday. The stock’s 50 day simple moving average is GBX 57.66 and its 200 day simple moving average is GBX 52.25. The company has a debt-to-equity ratio of 4.06, a current ratio of 4.38 and a quick ratio of 3.22. Calnex Solutions has a 1 year low of GBX 40 and a 1 year high of GBX 88.40. The firm has a market cap of £61.68 million, a price-to-earnings ratio of 101.59 and a beta of 1.02.

Analyst Ratings Changes

Separately, Canaccord Genuity Group raised their price objective on Calnex Solutions from GBX 115 to GBX 125 and gave the company a “buy” rating in a report on Wednesday. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of GBX 125.

Calnex Solutions Company Profile

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.