NTG Clarity Secures $11.8M in New Orders and Renewals

An announcement from NTG Clarity Networks ( (TSE:NCI) ) is now available.

NTG Clarity Networks Inc. announced it has secured new purchase orders and contract renewals totaling approximately $11.8 million CAD. These include $11.4 million from existing customers for software development services and $442,000 from a new customer for digital transformation services. The announcement highlights NTG’s successful land-and-expand model, which is fostering both new customer relationships and expanded commitments from existing clients, reinforcing the effectiveness of their delivery model and NTGapps.

The most recent analyst rating on (TSE:NCI) stock is a Hold with a C$1.50 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 influenced by strong financial performance, despite cash flow challenges and a low equity ratio. Technical analysis indicates a bearish trend, while the valuation suggests the stock is undervalued. The absence of earnings call data and corporate events did not impact the score.

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

More about NTG Clarity Networks

NTG Clarity Networks Inc., established in 1992, is a Canadian company 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 design, engineering, implementation, software development, and security expertise.

Average Trading Volume: 134,007

Technical Sentiment Signal: Hold

Current Market Cap: C$64.88M

For an in-depth examination of NCI stock, go to TipRanks’ Overview page.