Climb Global Solutions (NASDAQ:CLMB) Issues Earnings Results

Climb Global Solutions (NASDAQ:CLMB) issued its quarterly earnings data on Wednesday. The company reported $2.26 EPS for the quarter, topping the consensus estimate of $1.12 by $1.14, Zacks reports. Climb Global Solutions had a return on equity of 23.63% and a net margin of 4.11%.

Climb Global Solutions Stock Up 0.9 %

Climb Global Solutions stock traded up $1.06 during midday trading on Wednesday, hitting $118.81. 66,418 shares of the stock were exchanged, compared to its average volume of 26,880. Climb Global Solutions has a 52-week low of $49.69 and a 52-week high of $142.50. The business’s 50-day moving average price is $126.71 and its 200-day moving average price is $115.78. The stock has a market capitalization of $547.36 million, a price-to-earnings ratio of 32.20, a price-to-earnings-growth ratio of 1.74 and a beta of 1.13.

Analyst Ratings Changes

Separately, Barrington Research reiterated an “outperform” rating and set a $136.00 price target on shares of Climb Global Solutions in a report on Thursday, December 12th.

About Climb Global Solutions

Climb Global Solutions Inc operates as a value-added information technology (IT) distribution and solutions company in the United States, Canada, Europe, the United Kingdom, and internationally. It operates in two segments, Distribution and Solutions. The company distributes technical software to corporate and value-added resellers, consultants, and systems integrators under the name Climb Channel Solutions; and provides cloud solutions and resells software, hardware, and services under the name Grey Matter.