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

Climb Global Solutions (NASDAQ:CLMB) posted its quarterly earnings results on Wednesday. The company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.38 by $0.05, FiscalAI reports. Climb Global Solutions had a return on equity of 18.87% and a net margin of 2.88%. The business had revenue of $220.31 million for the quarter, compared to analyst estimates of $180.98 million.

Climb Global Solutions Stock Up 25.7%

NASDAQ CLMB traded up $8.51 during mid-day trading on Thursday, hitting $41.64. The stock had a trading volume of 100,342 shares, compared to its average volume of 201,272. The company has a market cap of $777.01 million, a price-to-earnings ratio of 37.42, a P/E/G ratio of 2.07 and a beta of 1.08. Climb Global Solutions has a 52-week low of $15.24 and a 52-week high of $41.23. The company has a 50 day simple moving average of $30.39 and a 200 day simple moving average of $25.77.

Analyst Upgrades and Downgrades

CLMB has been the topic of several recent research reports. Wall Street Zen upgraded Climb Global Solutions from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Weiss Ratings raised shares of Climb Global Solutions from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, August 17th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Climb Global Solutions currently has an average rating of “Moderate Buy” and an average 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.