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NASDAQ:CLMB

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

$47.98
+1.03 (+2.19%)
(As of 11:24 AM ET)
Compare
Today's Range
$47.30
$48.78
50-Day Range
$42.56
$53.29
52-Week Range
$24.65
$55.70
Volume
10,899 shs
Average Volume
18,651 shs
Market Capitalization
$219.27 million
P/E Ratio
16.38
Dividend Yield
1.42%
Price Target
$60.00

Climb Global Solutions MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
25.5% Upside
$60.00 Price Target
Short Interest
Healthy
0.18% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.41mentions of Climb Global Solutions in the last 14 days
Based on 4 Articles This Week
Insider Trading
Acquiring Shares
$352,474 Bought Last Quarter
Proj. Earnings Growth
28.48%
From $3.02 to $3.88 Per Share

Overall MarketRank

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

3.16 out of 5 stars

Business Services Sector

5th out of 684 stocks

Computers, Peripherals, & Software Industry

5th out of 12 stocks


CLMB stock logo

About Climb Global Solutions (NASDAQ:CLMB) Stock

Climb Global Solutions, Inc. engages in the distribution of software developed by others through resellers indirectly to customers. It operates through the Distribution and Solutions segments. The Distribution segment distributes technical software to corporate resellers, value added resellers (VARs), consultants and systems integrators worldwide under the names Climb Channel Solutions and Sigma Software Distribution. The Solutions segment provides cloud solutions and value-added reseller of software, hardware, and services to customers worldwide under the names TechXtend and Grey Matter. The company was founded by Edwin Huffman Morgens in 1982 and is headquartered in Eatontown, NJ.

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CLMB Stock News Headlines

Graphite versus Lithium - What Investors Should Know
Over 18 million EVs will be cruising U.S roads by 2030. And every one million EVs manufactured will require 82,000 tons of the metal graphite for their batteries. That's a total of 1,476,000 tons of graphite! Graphite is actually the largest component of EV batteries - NOT lithium. Experts warn of a massive graphite shortfall, especially since North America currently has no operating graphite mines.
Graphite versus Lithium - What Investors Should Know
Over 18 million EVs will be cruising U.S roads by 2030. And every one million EVs manufactured will require 82,000 tons of the metal graphite for their batteries. That's a total of 1,476,000 tons of graphite! Graphite is actually the largest component of EV batteries - NOT lithium. Experts warn of a massive graphite shortfall, especially since North America currently has no operating graphite mines.
Q1 2023 Climb Global Solutions Inc Earnings Call
CLMB Climb Global Solutions, Inc.
See More Headlines

CLMB Price History

CLMB Company Calendar

Ex-Dividend for 3/17 Dividend
3/10/2023
Dividend Payable
3/17/2023
Last Earnings
5/03/2023
Ex-Dividend for 5/19 Dividend
5/12/2023
Dividend Payable
5/19/2023
Today
6/01/2023
Next Earnings (Estimated)
8/02/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Forecast
$60.00
High Stock Price Forecast
$60.00
Low Stock Price Forecast
$60.00
Forecasted Upside/Downside
+25.5%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$12.50 million
Pretax Margin
5.47%

Debt

Sales & Book Value

Annual Sales
$304.35 million
Cash Flow
$3.47 per share
Book Value
$14.03 per share

Miscellaneous

Free Float
4,185,000
Market Cap
$218.54 million
Optionable
Not Optionable
Beta
0.92

Key Executives

  • Dale Ricahrd Foster
    Chief Executive Officer & Director
  • Vito Legrottaglie
    Chief Information Officer & VP-Operations
  • Andrew E. Clark
    Chief Financial Officer & Vice President
  • Charles Edward Bass
    Chief Marketing Officer & Vice President
  • Matthew Sullivan
    Chief Accounting Officer & Vice President













CLMB Stock - Frequently Asked Questions

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

1 Wall Street 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 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 equities research analysts have issued 12-month price objectives for Climb Global Solutions' stock. Their CLMB share price forecasts range from $60.00 to $60.00. On average, they expect the company's stock price to reach $60.00 in the next twelve months. This suggests a possible upside of 25.5% 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 at the beginning of 2023. Since then, CLMB stock has increased by 51.7% and is now trading at $47.82.
View the best growth stocks for 2023 here
.

When is Climb Global Solutions' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
View our CLMB earnings forecast
.

How were Climb Global Solutions' earnings last quarter?

Climb Global Solutions, Inc. (NASDAQ:CLMB) posted its quarterly earnings results on Wednesday, May, 3rd. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.18. The company had revenue of $85.04 million for the quarter, compared to the consensus estimate of $79.88 million. Climb Global Solutions had a net margin of 4.12% and a trailing twelve-month return on equity of 23.25%.

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

Climb Global Solutions declared a quarterly dividend on Tuesday, May 2nd. Investors of record on Monday, May 15th will be given a dividend of $0.17 per share on Friday, May 19th. This represents a $0.68 annualized dividend and a dividend yield of 1.42%. The ex-dividend date of this dividend is Friday, May 12th.
Read our dividend analysis for CLMB
.

What ETF holds Climb Global Solutions' stock ?

Ballast Small/Mid Cap ETF holds 58,100 shares of CLMB stock, representing 4.52% 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 1.42%. The dividend payout ratio is 23.21%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CLMB will have a dividend payout ratio of 17.53% 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 number of institutional and retail investors. Top institutional investors include FMR LLC (7.62%), Renaissance Technologies LLC (4.42%), Dimensional Fund Advisors LP (3.45%), Punch & Associates Investment Management Inc. (3.08%), BlackRock Inc. (2.48%) and Geode Capital Management LLC (0.86%). Insiders that own company stock include Andrew E Clark, 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 $47.82.

How much money does Climb Global Solutions make?

Climb Global Solutions (NASDAQ:CLMB) has a market capitalization of $218.54 million and generates $304.35 million in revenue each year. The company earns $12.50 million in net income (profit) each year or $2.93 on an earnings per share basis.

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 6/1/2023 by MarketBeat.com Staff

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