Veea (NASDAQ:VEEA – Get Free Report) posted its quarterly earnings results on Friday. The company reported ($0.09) EPS for the quarter, FiscalAI reports. The firm had revenue of $0.18 million for the quarter.
Veea Price Performance
Shares of Veea stock opened at $0.56 on Friday. Veea has a 1 year low of $0.38 and a 1 year high of $2.60. The firm’s 50-day moving average is $0.58 and its two-hundred day moving average is $0.57. The stock has a market cap of $28.23 million, a price-to-earnings ratio of -1.52 and a beta of 0.16.
Institutional Inflows and Outflows
An institutional investor recently raised its position in Veea stock. Geode Capital Management LLC boosted its holdings in shares of Veea Inc. (NASDAQ:VEEA – Free Report) by 18.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 207,188 shares of the company’s stock after acquiring an additional 31,896 shares during the period. Geode Capital Management LLC owned about 0.41% of Veea worth $132,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 25.88% of the company’s stock.
Analyst Upgrades and Downgrades
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Veea Company Profile
Veea (NASDAQ: VEEA) is a provider of edge computing and networking solutions designed to bring cloud-native services closer to end users and devices. The company’s integrated platform combines carrier-grade hardware, multi-access connectivity and software orchestration tools to support real-time Internet of Things (IoT) and artificial intelligence (AI) applications at the network edge.
The core offering, Veea Edge, consists of modular, ruggedized nodes that support private 5G, Citizens Broadband Radio Service (CBRS), LTE and Wi-Fi connectivity.
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