Climb Global Solutions (NASDAQ:CLMB) Announces Earnings Results, Beats Expectations By $0.05 EPS

Climb Global Solutions (NASDAQ:CLMB) released its quarterly earnings results on Wednesday. The company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.05, FiscalAI reports. The firm had revenue of $220.31 million during the quarter, compared to analyst estimates of $180.98 million. Climb Global Solutions had a net margin of 3.08% and a return on equity of 20.13%.

Climb Global Solutions Trading Up 26.3%

Shares of NASDAQ:CLMB opened at $41.84 on Friday. The company has a market capitalization of $780.73 million, a PE ratio of 32.43, a P/E/G ratio of 2.09 and a beta of 1.08. The business’s fifty day simple moving average is $30.66 and its 200-day simple moving average is $25.83. Climb Global Solutions has a 12-month low of $15.24 and a 12-month high of $42.74.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Weiss Ratings raised shares of Climb Global Solutions from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, August 17th. Wall Street Zen raised shares of Climb Global Solutions from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Climb Global Solutions presently has a consensus rating of “Moderate Buy” and a consensus target price of $31.00.

About Climb Global Solutions

Climb Global Solutions, Inc (NASDAQ:CLMB) is a global value-added distributor of information technology products and services. The company connects technology vendors with resellers, managed service providers, systems integrators and other channel partners, helping them market and deliver specialized technology solutions to business and government customers.

Climb’s portfolio includes cybersecurity, networking, data management, virtualization, cloud computing, software development and other enterprise technology solutions.