Calnex Solutions plc (LON:CLX – Get Free Report)’s share price was down 10.5% during mid-day trading on Tuesday . The company traded as low as GBX 54 ($0.69) and last traded at GBX 55.96 ($0.71). Approximately 331,038 shares were traded during mid-day trading, an increase of 201% from the average daily volume of 110,107 shares. The stock had previously closed at GBX 62.50 ($0.79).
Analyst Upgrades and Downgrades
Separately, Canaccord Genuity Group lifted their price target on shares of Calnex Solutions from GBX 110 ($1.40) to GBX 115 ($1.46) and gave the stock a “buy” rating in a research note on Tuesday.
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Calnex Solutions Stock Up 1.0 %
Calnex Solutions Increases Dividend
The business also recently announced a dividend, which will be paid on Friday, August 30th. Stockholders of record on Thursday, July 25th will be issued a GBX 0.62 ($0.01) dividend. This is a boost from Calnex Solutions’s previous dividend of $0.31. The ex-dividend date of this dividend is Thursday, July 25th. This represents a dividend yield of 0.99%. Calnex Solutions’s dividend payout ratio is presently 3,333.33%.
Calnex Solutions Company Profile
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.
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