Insider Buying: Calnex Solutions (LON:CLX) Insider Buys 28,610 Shares of Stock

Calnex Solutions plc (LON:CLX) insider Graeme Bissett acquired 28,610 shares of Calnex Solutions stock in a transaction dated 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 LON:CLX opened at GBX 74 on Monday. The stock’s 50-day moving average price is GBX 58.73 and its 200-day moving average price is GBX 52.42. Calnex Solutions plc has a 12-month low of GBX 40 and a 12-month high of GBX 88.40. The stock has a market capitalization of £65.11 million, a P/E ratio of 107.25 and a beta of 1.02. 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 posted its earnings results on Tuesday, May 26th. The company reported GBX 0.83 earnings per share for the quarter. The company had revenue of GBX 2,188 million during the quarter. Calnex Solutions had a net margin of 3.33% and a return on equity of 2.71%. On average, equities analysts anticipate that Calnex Solutions plc will post 0.3596909 earnings per share for the current year.

Analysts Set New Price Targets

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

Calnex Solutions Company Profile

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.