Calnex Solutions (LON:CLX) Posts Quarterly Earnings Results

Calnex Solutions (LON:CLX) posted its earnings results on Tuesday. The company reported GBX 0.38 ($0.01) earnings per share for the quarter, Digital Look Earnings reports. Calnex Solutions had a net margin of 0.25% and a return on equity of 0.15%.

Calnex Solutions Price Performance

Shares of LON CLX opened at GBX 54.36 ($0.73) on Wednesday. The firm has a market cap of £48.30 million, a PE ratio of 1,202.55 and a beta of 1.86. The firm has a fifty day moving average of GBX 48.42 and a 200 day moving average of GBX 57.71. The company has a debt-to-equity ratio of 1.52, a quick ratio of 3.22 and a current ratio of 4.15. Calnex Solutions has a one year low of GBX 39.25 ($0.53) and a one year high of GBX 73 ($0.98).

Insider Buying and Selling

In related news, insider Helen Kelisky purchased 20,202 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The stock was bought at an average price of GBX 50 ($0.67) per share, with a total value of £10,101 ($13,527.52). 25.23% of the stock is owned by insiders.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 115 ($1.54) target price on shares of Calnex Solutions in a report on Tuesday, April 8th.

About Calnex Solutions

Calnex Solutions designs, produces and markets test and measurement instrumentation and solutions for the telecommunications 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 telecommunications 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.