Shares of Calnex Solutions plc (LON:CLX – Get Free Report) were down 2.2% on Wednesday . The stock traded as low as GBX 44 ($0.56) and last traded at GBX 45 ($0.57). Approximately 97,295 shares traded hands during mid-day trading, a decline of 11% from the average daily volume of 108,992 shares. The stock had previously closed at GBX 46 ($0.58).
Analyst Ratings Changes
Separately, Canaccord Genuity Group raised their price objective on shares of Calnex Solutions from GBX 110 ($1.39) to GBX 115 ($1.45) and gave the stock a “buy” rating in a report on Tuesday, May 21st.
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Calnex Solutions Stock Performance
Calnex Solutions Increases Dividend
The business also recently disclosed a dividend, which will be paid on Friday, August 30th. Investors of record on Thursday, July 25th will be paid a dividend of GBX 0.62 ($0.01) per share. This represents a dividend yield of 0.99%. This is a positive change from Calnex Solutions’s previous dividend of $0.31. The ex-dividend date is Thursday, July 25th.
About Calnex Solutions
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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