The Globe and Mail reports in its Wednesday, March 5, edition that Canaccord Genuity analyst Aravinda Galappatthige has started coverage on NTG Clarity Networks with a "buy" ranking and a $3.25 share target. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $4.11. Mr. Galappatthige says NTG Clarity is "a uniquely positioned high-growth play leveraging digital transformation in the Middle East." He says in a note: "NTG Clarity is a digital transformation services company that primarily provides outsourced software development to the Middle Eastern market, predominately the Kingdom of Saudi Arabia (KSA). After years of laying groundwork in the region, the company's efforts are paying off, with impressive revenue growth in recent years and exponential growth in contract sizes. Overall revenues have risen nearly five times from 2021-2024 with recent quarters posting near 100 per cent year-over-year growth. In parallel, the backlog of unbilled services has risen from under $20-million nine to 12 months ago, to $105-million presently."