The Globe and Mail reports in its Friday, May 30, edition that Canaccord Genuity analyst Aravinda Galappatthige has reaffirmed his "buy" recommendation for NTG Clarity Networks. The Globe's David Leeder writes in the Eye On Equities column that Mr. Galappatthige gave his share target a 30-cent boost to $3.30. Analysts on average target the shares at $3.73. Mr. Galappatthige says in a note: "NTG Clarity Networks reported its Q1/25 results [Wednesday], which we characterize as net positive due to the 68-per-cent topline growth and the magnitude of the revenue beat. Adjusted EBITDA was a touch lighter due to the company expanding capacity. However, we see this as a sign of the business setting itself up for increased engagement in Saudi Arabia (under Vision 2030). The stock still trades at compelling valuations -- 7.9 times EV/EBITDA 2025 estimates and 5.7 times on F2026, with a near net cash balance sheet." The Globe reported on March 5 that Mr. Galappatthige had started coverage on NTG Clarity Networks with a "buy" ranking and a $3.25 share target. The shares could then be had for $2.10.
© 2025 Canjex Publishing Ltd. All rights reserved.