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NTG Clarity Networks ( (TSE:NCI) ) has provided an update.
NTG Clarity Networks has announced new purchase orders and contract renewals totaling approximately $10.9 million CAD. This includes $1.4 million from new IT services customers and $9.5 million from existing contracts and expansions. The company’s ‘land-and-expand’ strategy is proving successful, with new customers opening doors to long-term opportunities and existing clients broadening their commitments, reflecting NTG’s value delivery and trust. The announcement highlights NTG’s growing momentum in the industry and its strategic focus on expanding its customer base and deepening existing relationships.
The most recent analyst rating on (TSE:NCI) stock is a Hold with a C$2.00 price target. To see the full list of analyst forecasts on NTG Clarity Networks stock, see the TSE:NCI Stock Forecast page.
Spark’s Take on TSE:NCI Stock
According to Spark, TipRanks’ AI Analyst, TSE:NCI is a Neutral.
The overall stock score is primarily impacted by financial performance and technical analysis. While the company shows strong revenue growth and profitability, significant cash flow challenges and bearish technical indicators weigh heavily on the score. The reasonable valuation provides some support, but the lack of dividend yield and negative market momentum are concerning.
To see Spark’s full report on TSE:NCI stock, click here.
More about NTG Clarity Networks
NTG Clarity Networks Inc. is a Canadian company established in 1992, specializing in digital transformation solutions. It provides software, networking, and IT solutions to large enterprises, including financial institutions and network service providers. The company employs over 1,300 IT and network professionals who offer expertise in design, engineering, implementation, software development, and security.
Average Trading Volume: 205,565
Technical Sentiment Signal: Buy
Current Market Cap: C$80.42M
Learn more about NCI stock on TipRanks’ Stock Analysis page.