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

Climb Global Solutions (NASDAQ:CLMB) posted its quarterly earnings data on Wednesday. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.05, FiscalAI reports. Climb Global Solutions had a net margin of 2.88% and a return on equity of 18.87%. The firm had revenue of $220.31 million for the quarter, compared to analysts’ expectations of $180.98 million.

Climb Global Solutions Stock Performance

CLMB traded up $0.92 on Wednesday, hitting $33.08. 169,447 shares of the company were exchanged, compared to its average volume of 201,821. The firm has a fifty day simple moving average of $30.30 and a two-hundred day simple moving average of $25.75. The stock has a market capitalization of $617.31 million, a PE ratio of 29.67, a price-to-earnings-growth ratio of 2.07 and a beta of 1.08. Climb Global Solutions has a 12 month low of $15.24 and a 12 month high of $34.13.

Wall Street Analyst Weigh In

CLMB has been the topic of a number of research analyst reports. Weiss Ratings raised Climb Global Solutions from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, August 17th. Wall Street Zen upgraded 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 issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $31.00.

Climb Global Solutions Company Profile

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.