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NASDAQ:CLMB

Climb Global Solutions (CLMB) Stock Forecast, Price & News

$43.02
+0.10 (+0.23%)
(As of 04:00 PM ET)
Compare
Today's Range
$42.55
$43.21
50-Day Range
$38.32
$50.35
52-Week Range
$26.01
$55.70
Volume
10,055 shs
Average Volume
27,876 shs
Market Capitalization
$196.60 million
P/E Ratio
16.48
Dividend Yield
1.58%
Price Target
$48.00

Climb Global Solutions MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
11.8% Upside
$48.00 Price Target
Short Interest
Healthy
2.23% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
1.21mentions of Climb Global Solutions in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
11.95%
From $2.93 to $3.28 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.70 out of 5 stars

Business Services Sector

88th out of 317 stocks

Computers, Peripherals, & Software Industry

4th out of 5 stocks


CLMB stock logo

About Climb Global Solutions (NASDAQ:CLMB) Stock

Climb Global Solutions Inc. operates as a value-added information technology (IT) distribution and solutions company in the United States, Canada, Europe, the United Kingdom, and internationally. It operates in two segments, Distribution and Solutions. The company distributes technical software and hardware to corporate and value-added resellers, consultants, and systems integrators under the name Climb Channel Solutions; and provides cloud solutions and resells software, hardware, and services under the name Grey Matter. It also resells computer software and hardware developed by others, as well as provides technical services to end user customers. In addition, the company offers a line of products from various software vendors; and tools for virtualization/cloud computing, security, networking, storage and infrastructure management, application lifecycle management, and other technically sophisticated domains, as well as computer hardware. It markets its products through its own web sites, local and on-line seminars, events, webinars, and social media, as well as direct email and printed materials. The company was formerly known as Wayside Technology Group, Inc. and changed its name to Climb Global Solutions Inc. in October 2022. Climb Global Solutions Inc. was incorporated in 1982 and is headquartered in Eatontown, New Jersey.

CLMB Price History

CLMB Stock News Headlines

U.S. drive to onshore battery supply chains could create big winners in lithium
Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons
Climb Global Solutions: Dividend Insights
U.S. drive to onshore battery supply chains could create big winners in lithium
Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons
Q2 2023 Climb Global Solutions Inc Earnings Call
Climb Global: Q2 Earnings Snapshot
See More Headlines
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CLMB Company Calendar

Last Earnings
8/02/2023
Ex-Dividend for 8/18 Dividend
8/11/2023
Dividend Payable
8/18/2023
Today
9/27/2023
Next Earnings (Estimated)
11/01/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Computers, peripherals, & software
Sub-Industry
N/A
Current Symbol
NASDAQ:CLMB
Employees
284
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$48.00
High Stock Price Forecast
$48.00
Low Stock Price Forecast
$48.00
Forecasted Upside/Downside
+11.8%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$12.50 million
Pretax Margin
4.70%

Debt

Sales & Book Value

Annual Sales
$304.35 million
Cash Flow
$3.46 per share
Book Value
$13.53 per share

Miscellaneous

Free Float
4,126,000
Market Cap
$196.19 million
Optionable
Not Optionable
Beta
0.94
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Key Executives

  • Mr. Dale Richard Foster (Age 59)
    CEO & Director
    Comp: $760.93k
  • Mr. Andrew E. Clark CPA (Age 61)
    VP & CFO
    Comp: $546.62k
  • Mr. Vito Legrottaglie (Age 59)
    VP of Operations & Chief Information Officer
    Comp: $469.38k
  • Mr. Charles Edward Bass (Age 58)
    VP & Chief Marketing Officer
    Comp: $494.21k
  • Mr. Timothy Popovich
    COO & Pres
  • Mr. Matthew Sullivan (Age 35)
    Chief Accounting Officer
  • Mr. Gerard Brophy
    Managing Director













CLMB Stock - Frequently Asked Questions

Should I buy or sell Climb Global Solutions stock right now?

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Climb Global Solutions in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CLMB shares.
View CLMB analyst ratings
or view top-rated stocks.

What is Climb Global Solutions' stock price forecast for 2023?

1 Wall Street research analysts have issued twelve-month price targets for Climb Global Solutions' shares. Their CLMB share price forecasts range from $48.00 to $48.00. On average, they anticipate the company's stock price to reach $48.00 in the next year. This suggests a possible upside of 11.8% from the stock's current price.
View analysts price targets for CLMB
or view top-rated stocks among Wall Street analysts.

How have CLMB shares performed in 2023?

Climb Global Solutions' stock was trading at $31.53 on January 1st, 2023. Since then, CLMB stock has increased by 36.2% and is now trading at $42.93.
View the best growth stocks for 2023 here
.

Are investors shorting Climb Global Solutions?

Climb Global Solutions saw a decrease in short interest in the month of September. As of September 15th, there was short interest totaling 84,800 shares, a decrease of 7.1% from the August 31st total of 91,300 shares. Based on an average daily volume of 25,800 shares, the days-to-cover ratio is currently 3.3 days. Approximately 2.2% of the shares of the company are sold short.
View Climb Global Solutions' Short Interest
.

When is Climb Global Solutions' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our CLMB earnings forecast
.

How were Climb Global Solutions' earnings last quarter?

Climb Global Solutions, Inc. (NASDAQ:CLMB) announced its quarterly earnings data on Wednesday, August, 2nd. The company reported $0.72 earnings per share for the quarter, topping analysts' consensus estimates of $0.45 by $0.27. The firm earned $81.73 million during the quarter, compared to the consensus estimate of $85.88 million. Climb Global Solutions had a trailing twelve-month return on equity of 22.69% and a net margin of 3.52%.

How often does Climb Global Solutions pay dividends? What is the dividend yield for Climb Global Solutions?

Climb Global Solutions announced a quarterly dividend on Tuesday, August 1st. Investors of record on Monday, August 14th will be paid a dividend of $0.17 per share on Friday, August 18th. This represents a $0.68 annualized dividend and a yield of 1.58%. The ex-dividend date of this dividend is Friday, August 11th.
Read our dividend analysis for CLMB
.

What ETF holds Climb Global Solutions' stock ?

Ballast Small/Mid Cap ETF holds 49,500 shares of CLMB stock, representing 2.76% of its portfolio.

Is Climb Global Solutions a good dividend stock?

Climb Global Solutions (NASDAQ:CLMB) pays an annual dividend of $0.68 per share and currently has a dividend yield of 1.57%. The dividend payout ratio is 26.05%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CLMB will have a dividend payout ratio of 20.73% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CLMB.

What is Climb Global Solutions' stock symbol?

Climb Global Solutions trades on the NASDAQ under the ticker symbol "CLMB."

Who are Climb Global Solutions' major shareholders?

Climb Global Solutions' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (6.10%), Renaissance Technologies LLC (5.05%), Dimensional Fund Advisors LP (3.57%), Cove Street Capital LLC (3.25%), Geode Capital Management LLC (1.73%) and Northern Trust Corp (1.08%). Insiders that own company stock include Andrew E Clark, Andrew S Bryant, Jeffrey Richart Geygan and John R Mccarthy.
View institutional ownership trends
.

How do I buy shares of Climb Global Solutions?

Shares of CLMB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Climb Global Solutions' stock price today?

One share of CLMB stock can currently be purchased for approximately $42.93.

How much money does Climb Global Solutions make?

Climb Global Solutions (NASDAQ:CLMB) has a market capitalization of $196.19 million and generates $304.35 million in revenue each year. The company earns $12.50 million in net income (profit) each year or $2.61 on an earnings per share basis.

How many employees does Climb Global Solutions have?

The company employs 284 workers across the globe.

How can I contact Climb Global Solutions?

The official website for the company is www.waysidetechnology.com. The company can be reached via phone at (732) 389-0932, via email at investors@waysidetechnology.com, or via fax at 732-389-1207.

This page (NASDAQ:CLMB) was last updated on 9/27/2023 by MarketBeat.com Staff

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