Calian Secures Contract for Advanced Satellite Ground Stations

Calian Group ( (TSE:CGY) ) has shared an announcement.

Calian Group Ltd. has secured a contract to design and manufacture four Ka/Q/V-band RF gateway ground stations for two geostationary satellites. This project will enhance secure, high-capacity government communications across Africa, Europe, and Asia, reinforcing Calian’s position as a leader in advanced ground satellite solutions and highlighting the strength of Canadian engineering in meeting demanding technical requirements.

The most recent analyst rating on (TSE:CGY) stock is a Hold with a C$53.00 price target. To see the full list of analyst forecasts on Calian Group stock, see the TSE:CGY Stock Forecast page.

Spark’s Take on TSE:CGY Stock

According to Spark, TipRanks’ AI Analyst, TSE:CGY is a Neutral.

Calian Group’s strong revenue growth and cash flow generation are significant positives, supported by a robust backlog and strategic investments in the defense sector. However, declining profitability, increased leverage, and challenges in the ITCS segment weigh on the overall score. The negative P/E ratio and neutral technical indicators further temper the outlook.

To see Spark’s full report on TSE:CGY stock, click here.

More about Calian Group

Calian Group Ltd., headquartered in Ottawa, Canada, is a trusted provider of mission-critical solutions across various sectors including defense, space, healthcare, and critical infrastructure. With over 40 years of experience, Calian delivers tailored solutions that address complex challenges, leveraging its expertise, industry insight, technology, and innovation to empower organizations worldwide.

Average Trading Volume: 22,034

Technical Sentiment Signal: Sell

Current Market Cap: C$520.8M

See more insights into CGY stock on TipRanks’ Stock Analysis page.