NaaS Technology (NASDAQ:NAAS) Issues Earnings Results

by · The Markets Daily

NaaS Technology (NASDAQ:NAAS – Get Free Report) issued its quarterly earnings data on Friday. The company reported $0.12 earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of $3.35 million for the quarter.

NaaS Technology Stock Down 2.6%

Shares of NAAS traded down $0.09 during midday trading on Friday, reaching $3.35. 24,384 shares of the stock were exchanged, compared to its average volume of 20,224. NaaS Technology has a twelve month low of $1.80 and a twelve month high of $4.55. The stock’s 50 day simple moving average is $3.20 and its 200 day simple moving average is $2.76. The company has a market cap of $57.15 million, a P/E ratio of -0.04 and a beta of 0.73.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of NaaS Technology in a research report on Monday, July 20th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Get Our Latest Stock Analysis on NAAS

NaaS Technology Company Profile

(Get Free Report)

NaaS Technology, Inc is a U.S.-based network-as-a-service provider that designs, builds and operates high-performance fiber networks for enterprise customers. The company offers subscription-based connectivity solutions that combine fiber transport, software-defined wide area networking (SD-WAN) and edge computing capabilities. By leveraging its proprietary infrastructure and network orchestration platform, NaaS delivers reliable, scalable bandwidth without the capital-intensive investment typically required for on-premises networks.

The company’s product portfolio includes dedicated fiber circuits, cloud on-ramps to leading public cloud providers, private wireless solutions and managed SD-WAN services.

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