Graeme Bissett Purchases 28,610 Shares of Calnex Solutions (LON:CLX) Stock

Calnex Solutions plc (LON:CLX) insider Graeme Bissett bought 28,610 shares of the business’s stock in a transaction on Friday, May 29th. The shares were bought at an average cost of £699 per share, for a total transaction of £19,998,390.

Calnex Solutions Stock Up 6.9%

Shares of CLX opened at GBX 74 on Monday. The company has a market capitalization of £65.11 million, a PE ratio of 107.25 and a beta of 1.02. Calnex Solutions plc has a 12 month low of GBX 40 and a 12 month high of GBX 88.40. The stock’s 50-day moving average price is GBX 58.73 and its two-hundred day moving average price is GBX 52.42. The company has a current ratio of 2.80, a quick ratio of 3.22 and a debt-to-equity ratio of 3.43.

Calnex Solutions (LON:CLX) last announced its earnings results on Tuesday, May 26th. The company reported GBX 0.83 EPS for the quarter. The firm had revenue of GBX 2,188 million for the quarter. Calnex Solutions had a return on equity of 2.71% and a net margin of 3.33%. On average, analysts anticipate that Calnex Solutions plc will post 0.3596909 EPS for the current year.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group boosted their target price on Calnex Solutions from GBX 115 to GBX 125 and gave the company a “buy” rating in a research report on Wednesday, May 27th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of GBX 125.

About Calnex Solutions

Calnex Solutions designs, produces and markets test and measurement instrumentation and solutions for the telecoms, cloud computing and defence 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 telecoms 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.