Climb Global Solutions, Inc. (NASDAQ:CLMB – Get Free Report) has been given a consensus rating of “Moderate Buy” by the five brokerages that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $31.00.
A number of equities research analysts have issued reports on CLMB shares. Weiss Ratings upgraded Climb Global Solutions from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, August 17th. Wall Street Zen upgraded Climb Global Solutions from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st.
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Climb Global Solutions Trading Up 2.4%
Shares of NASDAQ CLMB opened at $28.56 on Tuesday. Climb Global Solutions has a 12-month low of $15.24 and a 12-month high of $36.26. The firm has a market capitalization of $532.93 million, a price-to-earnings ratio of 25.61, a price-to-earnings-growth ratio of 1.76 and a beta of 1.09. The firm has a 50 day moving average of $27.47 and a 200 day moving average of $23.67.
Climb Global Solutions (NASDAQ:CLMB – Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.30 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.30. Climb Global Solutions had a return on equity of 18.87% and a net margin of 2.88%.The firm had revenue of $174.21 million for the quarter, compared to analysts’ expectations of $174.07 million. Sell-side analysts predict that Climb Global Solutions will post 1.32 EPS for the current year.
Climb Global Solutions Company Profile
Climb Global Solutions, Inc is a technology-focused value-added distributor and solutions provider that connects software publishers, cloud service providers and other technology vendors with resellers and business customers. The company offers access to products and services across areas such as cybersecurity, cloud computing, data management, networking, infrastructure and information technology management.
Through its distribution operations, Climb helps channel partners source, market and deploy technology solutions.
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