Calnex Solutions (LON:CLX) Trading Up 0.2%

Calnex Solutions plc (LON:CLX)’s stock price rose 0.2% on Thursday . The stock traded as high as GBX 48.88 ($0.63) and last traded at GBX 48.50 ($0.63). Approximately 39,230 shares were traded during trading, a decline of 62% from the average daily volume of 104,085 shares. The stock had previously closed at GBX 48.38 ($0.63).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group lifted their price target on shares of Calnex Solutions from GBX 110 ($1.42) to GBX 115 ($1.49) and gave the stock a “buy” rating in a report on Tuesday, May 21st.

Calnex Solutions Trading Up 1.0 %

The business’s 50-day simple moving average is GBX 49.44 and its two-hundred day simple moving average is GBX 60.18. The company has a debt-to-equity ratio of 2.05, a current ratio of 3.81 and a quick ratio of 3.22. The stock has a market capitalization of £42.90 million, a price-to-earnings ratio of 1,756.33 and a beta of 1.87.

Calnex Solutions Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, August 30th. Investors of record on Thursday, July 25th will be issued a GBX 0.62 ($0.01) dividend. The ex-dividend date of this dividend is Thursday, July 25th. This is a boost from Calnex Solutions’s previous dividend of $0.31. This represents a yield of 0.99%.

About Calnex Solutions

Calnex Solutions plc designs, produces, and markets test instrumentation and solutions for network synchronization, and network emulation for telecoms networks, enterprise networks, and data centers in the Americas, North Asia, and internationally. The company offers Calnex SNE-X, a solution for the problem of ethernet testing; Paragon-neo, a platform that provides PTP and SyncE testing to 400GbE and sub-nanosecond accuracy for 5G networks; Paragon-X, a solution to test SyncE, PTP, and NTP mechanisms, as well as E1/T1 sync interfaces and ethernet OAM; Sentinel, a field solution for 3G/4G/5G mobile backhaul, E911/critical infrastructure, financial networks, and power comms; SNE Ignite, a network emulation for 5G O-RAN; Sentry, a solution for remotely monitoring multiple NTP, PTP, and clock signals in data center networks; Calnex SNE, a solution for network emulation and simulation; and NE-ONE, a performance test application for realistic networks, including LAN, WAN, Internet, Cloud, Wi-Fi, (A)DSL, mobile, and satellite to verify application performance.