NaaS Technology (NASDAQ:NAAS) Posts Earnings Results

NaaS Technology (NASDAQ:NAAS) announced its quarterly earnings data on Thursday. The company reported ($10.10) earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of $4.29 million during the quarter.

NaaS Technology Stock Up 7.8%

Shares of NAAS stock traded up $0.18 during trading on Thursday, reaching $2.48. 1,985 shares of the company’s stock were exchanged, compared to its average volume of 6,597. The stock has a market capitalization of $5.35 million, a PE ratio of -0.03 and a beta of 0.54. NaaS Technology has a twelve month low of $1.80 and a twelve month high of $13.96. The firm’s fifty day moving average price is $2.35 and its 200-day moving average price is $3.08.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of NaaS Technology in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, NaaS Technology currently has a consensus 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.