NaaS Technology Inc. Sponsored ADR (NASDAQ:NAAS – Get Free Report) shares were down 1.7% during mid-day trading on Friday . The stock traded as low as $3.32 and last traded at $3.40. Approximately 17,137 shares changed hands during trading, a decline of 45% from the average daily volume of 31,229 shares. The stock had previously closed at $3.46.
Analysts Set New Price Targets
Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of NaaS Technology in a research report on Wednesday, April 22nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.
Read Our Latest Stock Report on NAAS
NaaS Technology Price Performance
NaaS Technology (NASDAQ:NAAS – Get Free Report) last posted its quarterly earnings data on Thursday, April 16th. The company reported ($10.10) EPS for the quarter. The company had revenue of $4.29 million during the quarter.
NaaS Technology Company Profile
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.
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