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Here's Why Momentum in Climb Global (CLMB) Should Keep going
ZACKS· 2024-12-02 19:25
Core Viewpoint - The article emphasizes the importance of timing and sustainability in short-term investing, highlighting that a solid trend can lead to successful investments if supported by strong fundamentals and positive earnings revisions [1][2]. Group 1: Stock Performance - Climb Global Solutions (CLMB) has shown a significant price increase of 53.3% over the past 12 weeks, indicating strong investor interest [4]. - In the last four weeks, CLMB's price has increased by 34.4%, suggesting that the upward trend is still intact [5]. - CLMB is currently trading at 91.7% of its 52-week high-low range, indicating a potential breakout [5]. Group 2: Fundamental Strength - CLMB holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises [6]. - The stock has an Average Broker Recommendation of 1 (Strong Buy), reflecting high optimism from the brokerage community regarding its near-term price performance [7]. Group 3: Investment Strategy - The "Recent Price Strength" screen is a useful tool for identifying stocks with strong fundamentals that can maintain their upward momentum [3]. - The article suggests that investors should consider other stocks that pass through this screening process for potential investment opportunities [8].
3 Reasons Growth Investors Will Love Climb Global (CLMB)
ZACKS· 2024-12-02 18:46
Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. However, it isn't easy to find a great growth stock.By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss.However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the tr ...
Scoop Up Big Gains With 4 Stocks Witnessing Rise in Cash Flow
ZACKS· 2024-11-15 16:00
Core Viewpoint - Investors should prioritize companies with strong cash flow generation over mere profit figures, as cash flow is crucial for a company's survival and growth [1][2][3] Group 1: Importance of Cash Flow - Cash is essential for a company's existence, providing flexibility for decision-making, investments, and overall financial health [2] - Positive cash flow indicates an increase in liquid assets, enabling a company to meet obligations, reinvest, and return wealth to shareholders [4] - A negative cash flow reflects declining liquidity, reducing a company's operational flexibility [4] Group 2: Cash Flow Analysis in Current Environment - In the context of global economic uncertainties and market disruptions, assessing a company's cash-generating efficiency is increasingly relevant [3] - Net cash flow is a key metric to understand how much money a company is actually generating [3] Group 3: Criteria for Stock Selection - Stocks with increasing cash flow over time were screened, focusing on those whose latest cash flow is at least equal to the 5-year average [6] - Additional criteria include a Zacks Rank of 1 (Strong Buy), a current price of at least $5, and a VGM Score of B or better [6][7] Group 4: Selected Stocks - The Marcus Corporation (MCS) operates in lodging and entertainment, with a long-term EPS growth rate of 15% and a VGM Score of B [7][8] - Climb Global Solutions, Inc. (CLMB) specializes in IT distribution and solutions, with a Zacks Consensus Estimate improvement of 26.2% over the past week and a VGM Score of A [8][9] - Graham Corporation (GHM) designs vacuum and heat transfer equipment, with an 8.4% upward revision in fiscal 2025 earnings estimates and a VGM Score of B [9][10] - Euroseas Ltd. (ESEA) operates in the shipping market, with a 13.7% increase in current-year earnings estimates and a VGM Score of B [10][11]
Here is Why Growth Investors Should Buy Climb Global (CLMB) Now
ZACKS· 2024-11-14 18:45
Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. But finding a great growth stock is not easy at all.In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end.However, it's pretty easy to find cutting-edge growth stocks with the help of the Zacks Growth Style Score ...
CLMB or QXO: Which Is the Better Value Stock Right Now?
ZACKS· 2024-11-14 17:41
Investors looking for stocks in the Technology Services sector might want to consider either Climb Global Solutions (CLMB) or QXO, Inc. (QXO) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The proven Zacks Rank emphasizes companies with posit ...
Are Business Services Stocks Lagging Climb Global Solutions, Inc. (CLMB) This Year?
ZACKS· 2024-11-14 15:45
Investors interested in Business Services stocks should always be looking to find the best-performing companies in the group. Climb Global Solutions (CLMB) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Business Services peers, we might be able to answer that question.Climb Global Solutions is one of 307 individual stocks in the Business Ser ...
Climb Solutions(CLMB) - 2024 Q3 - Quarterly Report
2024-11-01 18:58
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 000-26408 Climb Global Solutions, Inc. (Exact name of registrant as specified in its charter) Delaware 13-3136104 (State or ...
Climb Solutions(CLMB) - 2024 Q3 - Earnings Call Transcript
2024-11-01 03:40
Climb Global Solutions, Inc. (NASDAQ:CLMB) Q3 2024 Earnings Call October 31, 2024 8:30 AM ET Company Participants Sean Mansouri - Investor Relations Dale Foster - Chief Executive Officer Drew Clark - Chief Financial Officer Conference Call Participants Vincent Colicchio - Barrington Research Bill Dezellem - Tieton Capital Operator Good morning, everyone and thank you for participating in today’s Conference Call to discuss Climb Global Solutions Financial Results for the Third Quarter ended September 30, 202 ...
Climb Global Solutions (CLMB) Q3 Earnings Top Estimates
ZACKS· 2024-10-30 23:21
Climb Global Solutions (CLMB) came out with quarterly earnings of $1.55 per share, beating the Zacks Consensus Estimate of $0.85 per share. This compares to earnings of $0.52 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 82.35%. A quarter ago, it was expected that this computer software reseller would post earnings of $0.48 per share when it actually produced earnings of $0.83, delivering a surprise of 72.92%. Over the last ...
Climb Solutions(CLMB) - 2024 Q3 - Quarterly Results
2024-10-30 20:14
Exhibit 99.1 Climb Global Solutions Reports Record Third Quarter 2024 Results Net Income and Adjusted Net Income up more than 2x to $5.5 Million or $1.19 per Share and $7.1 million or $1.55 per share, respectively; Adjusted EBITDA up 96% to $9.9 Million Net Sales up 52% to $119.3 Million, with Adjusted Gross Billings up 65% to $465.2 Million EATONTOWN, N.J., October 30, 2024 – Climb Global Solutions, Inc. (NASDAQ:CLMB) ("Climb", the "Company", "we", or "our"), a value-added global IT channel company providi ...