NaaS Technology (NASDAQ:NAAS) Announces Quarterly Earnings Results

NaaS Technology (NASDAQ:NAAS) announced its quarterly earnings data on Friday. The company reported $0.12 EPS for the quarter, FiscalAI reports. The firm had revenue of $3.35 million for the quarter.

NaaS Technology Trading Down 2.6%

NAAS traded down $0.09 during trading on Friday, hitting $3.35. 24,384 shares of the company’s stock traded hands, compared to its average volume of 20,224. The stock has a market capitalization of $57.15 million, a price-to-earnings ratio of -0.04 and a beta of 0.73. The company’s 50 day simple moving average is $3.20 and its two-hundred day simple moving average is $2.76. NaaS Technology has a 12-month low of $1.80 and a 12-month high of $4.55.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of NaaS Technology in a research note on Monday, July 20th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

About NaaS Technology

NaaS Technology, Inc is a U.S.-based network-as-a-service provider that designs, builds and operates high-performance fiber networks for enterprise customers. The company offers subscription-based connectivity solutions that combine fiber transport, software-defined wide area networking (SD-WAN) and edge computing capabilities. By leveraging its proprietary infrastructure and network orchestration platform, NaaS delivers reliable, scalable bandwidth without the capital-intensive investment typically required for on-premises networks.

The company’s product portfolio includes dedicated fiber circuits, cloud on-ramps to leading public cloud providers, private wireless solutions and managed SD-WAN services.