The Globe and Mail reports in its Thursday edition that Ventum Capital Markets analyst Amr Ezzat rates NTG Clarity Networks "buy" in new coverage. The Globe's David Leeder writes in the Eye On Equities column that Mr. Ezzat set a share target of $2. Analysts on average target the shares at $2.50. Mr. Ezzat says in a note: "NTG Clarity Networks is a differentiated digital transformation services provider with deep operating roots in the Kingdom of Saudi Arabia. With more than 95 per cent of revenue sourced from Tier 1 Saudi clients, the company delivers custom software development, systems integration, testing and managed IT services to organizations across telecom, financial services and government. Its operating model, pairing Arabic-speaking engineering talent in Egypt with local commercial and delivery presence in Saudi Arabia, creates a regional positioning that we believe is difficult to replicate. NTG's Q3/25 results were disappointing. While the quarter clearly reset investor confidence, we do not believe it undermines the broader demand backdrop or NTG's strategic positioning in one of the more active digital transformation markets in the region. [NTG] is exposed to real and durable demand in Saudi Arabia."