Calnex Solutions’ (CLX) “Buy” Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group restated their buy rating on shares of Calnex Solutions (LON:CLX) in a report published on Wednesday morning, Marketbeat Ratings reports. Canaccord Genuity Group currently has a GBX 115 target price on the stock.

Calnex Solutions Trading Down 4.2%

CLX stock opened at GBX 51 on Wednesday. Calnex Solutions has a 1-year low of GBX 39.25 and a 1-year high of GBX 88.40. The company has a current ratio of 4.15, a quick ratio of 3.22 and a debt-to-equity ratio of 1.52. The business’s 50 day moving average is GBX 58.54 and its 200-day moving average is GBX 53.69. The firm has a market cap of £44.88 million, a P/E ratio of 141.67 and a beta of 1.86.

Calnex Solutions (LON:CLX) last posted its earnings results on Tuesday, November 18th. The company reported GBX (0.80) EPS for the quarter. Calnex Solutions had a return on equity of 0.15% and a net margin of 0.25%. Equities analysts anticipate that Calnex Solutions will post 0.3596909 earnings per share for the current fiscal year.

About Calnex Solutions

Calnex Solutions designs, produces and markets test and measurement instrumentation and solutions for the telecoms and cloud computing 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.