NTG Clarity Networks (NCI) Stock Overview
Provides network, telecom, IT, and infrastructure solutions to medium and large network service providers in Canada, North America, Iraq, Saudi Arabia, Egypt, and Oman. More details
| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 4/6 |
| Past Performance | 1/6 |
| Financial Health | 5/6 |
| Dividends | 0/6 |
Rewards
Risk Analysis
NCI Community Fair Values
Create NarrativeSee what 46 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
NTG Clarity Networks Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | CA$0.74 |
| 52 Week High | CA$2.50 |
| 52 Week Low | CA$0.71 |
| Beta | 0.84 |
| 1 Month Change | -18.68% |
| 3 Month Change | -32.11% |
| 1 Year Change | -69.04% |
| 3 Year Change | 322.86% |
| 5 Year Change | 169.09% |
| Change since IPO | -92.60% |
Recent News & Updates
Narrative Update • Jun 02
NCI: Multi Year Contracts Will Support Future Upside Potential
Analysts have revised their price target on NTG Clarity Networks to CA$2.05 from CA$2.74, citing updated assumptions for revenue growth, profit margins, and future P/E expectations. What's in the News Company issued earnings guidance for the full year 2026, indicating expected revenue above $90 million.Analysis Article • May 05
We Believe That NTG Clarity Networks' (CVE:NCI) Weak Earnings Are A Good Indicator Of Underlying Profitability
NTG Clarity Networks Inc.'s ( CVE:NCI ) lackluster earnings announcement last week disappointed investors. We think...Recent updates
Narrative Update • Jun 02
NCI: Multi Year Contracts Will Support Future Upside Potential
Analysts have revised their price target on NTG Clarity Networks to CA$2.05 from CA$2.74, citing updated assumptions for revenue growth, profit margins, and future P/E expectations. What's in the News Company issued earnings guidance for the full year 2026, indicating expected revenue above $90 million.Analysis Article • May 05
We Believe That NTG Clarity Networks' (CVE:NCI) Weak Earnings Are A Good Indicator Of Underlying Profitability
NTG Clarity Networks Inc.'s ( CVE:NCI ) lackluster earnings announcement last week disappointed investors. We think...
Narrative Update • May 01
NCI: Middle East AI And Smart City Contracts Will Support Future Earnings
Analysts have trimmed their price target on NTG Clarity Networks to CA$1.50 from CA$2.00, citing a reset to more moderate revenue growth and profit margin assumptions, even as they apply a slightly higher future P/E multiple. What's in the News New purchase orders and contract renewals total approximately CA$12.3 million, including CA$12 million linked to existing customers and framework contracts in place from 2024 (Client Announcements).Narrative Update • Apr 16
NCI: Multi Year Contracts And AI Adoption Will Drive Further Upside
Analysts now estimate fair value for NTG Clarity Networks at CA$2.74, down from CA$3.23. This reflects updated assumptions for revenue growth, profit margins, a slightly higher discount rate, and a modestly revised future P/E multiple.Analysis Article • Apr 04
If EPS Growth Is Important To You, NTG Clarity Networks (CVE:NCI) Presents An Opportunity
Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...Narrative Update • Apr 02
NCI: Middle East AI And Smart City Contracts Will Drive Earnings
Analysts have adjusted their price target on NTG Clarity Networks to CA$2.0 from CA$2.5. This reflects updated views on revenue growth, profit margins, the discount rate, and forward P/E assumptions. What's in the News Outlined an artificial intelligence roadmap, including customer use of AI-powered products, a partnership focused on enterprise system implementation, and rollout of AI-assisted development tools across delivery teams and the NTGapps platform (Key Developments).
Narrative Update • Mar 18
NCI: AI Contracts And Framework Agreement Will Support Bullish Outlook
Analysts have kept NTG Clarity Networks' fair value estimate steady at CA$3.75, with a slightly higher discount rate, modestly lower revenue growth and profit margin assumptions, and a somewhat higher future P/E multiple shaping the refreshed price target view. What's in the News NTG Clarity Networks outlined its artificial intelligence strategy, highlighting customer adoption of AI-powered products, a partnership focused on enterprise system implementation, and the rollout of AI-assisted development tools across its delivery teams and NTGapps platform (Key Developments).Narrative Update • Mar 04
NCI: Growing Middle East Contracts Will Drive Strong Future Earnings Potential
Analysts have trimmed their price target on NTG Clarity Networks to CA$2.50 from CA$2.70. They cite slightly higher discount rate assumptions and more cautious estimates for revenue growth and profit margins, while keeping future P/E expectations broadly similar.Narrative Update • Feb 17
NCI: New And Renewed Service Contracts Will Support Further Upside
Analysts have maintained their fair value estimate for NTG Clarity Networks at CA$3.23. They made only minor adjustments to assumptions such as discount rate, revenue growth, profit margin and future P/E.Narrative Update • Feb 03
NCI: Recurring Contracts And New Framework Orders Will Support Further Upside
Analysts have modestly adjusted their price target on NTG Clarity Networks, reflecting small tweaks to the discount rate, long run revenue growth, profit margin and future P/E assumptions, while keeping fair value essentially unchanged. What's in the News NTG Clarity Networks reported new purchase orders and contract renewals totaling about C$11.8 million with existing and new customers, described as normal course activity (Key Developments).Narrative Update • Jan 20
NCI: Recurring Contracts And 2025 Revenue Guidance Will Support Further Upside
Analysts have kept their price target for NTG Clarity Networks effectively unchanged at $3.23, citing stable assumptions around the discount rate, revenue growth, profit margin and future P/E that support their existing view of the stock's potential value. What's in the News Received new and renewal purchase orders and contract extensions totaling about C$11.8 million from existing and new customers, described as part of normal course activity (Client Announcements).Narrative Update • Jan 06
NCI: Full Year 2025 Revenue Guidance Will Support Bullish Outlook
Analysts have adjusted their fair value estimate for NTG Clarity Networks from $5.00 to $3.75 after revising their assumptions for discount rate, revenue growth, profit margin, and future P/E. What's in the News NTG Clarity Networks issued earnings guidance for the full year 2025, giving investors a reference point for expectations.Analysis Article • Jan 03
Is NTG Clarity Networks (CVE:NCI) A Risky Investment?
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Narrative Update • Dec 18
NCI: Saudi Vision 2030 Contract Will Drive Strong Future Earnings Potential
Analysts have trimmed their price target on NTG Clarity Networks by approximately $0.60, reflecting more conservative assumptions for revenue growth and profit margins, despite a modestly higher expected future P/E multiple. What's in the News Issued full year 2025 earnings guidance, reiterating that the company is on track to meet approximately $78 million in revenue guidance (Corporate guidance) Signed a three year renewable Frame Agreement with a new government affiliated IT customer in Saudi Arabia, enabling NTG to provide onsite and offshore software development resources under standardized rates (Client announcement) The Frame Agreement removes the need for a traditional RFP process and anticipates initial Purchase Orders within the next month, with subsequent orders to be disclosed as they are received (Client announcement) The new Saudi agreement positions NTG to capture growing demand for digital transformation projects tied to the Kingdom's Vision 2030 economic development plan (Client announcement) Valuation Changes The fair value estimate has been reduced from 3.3 to 2.7, representing a moderate downward revision in the intrinsic value assessment.Narrative Update • Dec 04
NCI: New Saudi IT Contracts Will Drive Revenue And Earnings Upside
Analysts have modestly raised their price target on NTG Clarity Networks to approximately $3.23 per share, citing slightly lower perceived risk, steady long term revenue growth expectations, and stable margin and valuation assumptions. What's in the News Reaffirmed on track to meet full year 2025 revenue guidance of about $78 million, underscoring visibility into the order pipeline (Corporate guidance) Signed a three year renewable Frame Agreement with a new government affiliated IT customer in Saudi Arabia, enabling ongoing onsite and offshore software development work without a traditional RFP process (Client announcement) Secured new purchase orders and contract renewals totaling approximately CAD 10.9 million from a mix of new and existing customers, including higher rate billings under a previously announced three year framework contract (Client announcement) Valuation Changes Fair Value: Unchanged at approximately CA$3.23 per share, reflecting stable underlying assumptions in the valuation model.Analysis Article • Nov 22
NTG Clarity Networks Inc. (CVE:NCI) Looks Inexpensive After Falling 30% But Perhaps Not Attractive Enough
To the annoyance of some shareholders, NTG Clarity Networks Inc. ( CVE:NCI ) shares are down a considerable 30% in the...Narrative Update • Nov 19
NCI: Expanded Middle East Contracts Will Drive Revenue in 2025
Analysts have revised their price target for NTG Clarity Networks downward from $4.15 to $3.23, citing tempered expectations for revenue growth and profitability in their latest assessment. What's in the News Signed a three-year renewable frame agreement with a new government-affiliated IT customer in Saudi Arabia.Analysis Article • Nov 08
Does NTG Clarity Networks (CVE:NCI) Deserve A Spot On Your Watchlist?
Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...Analysis Article • Jun 28
Here's Why NTG Clarity Networks (CVE:NCI) Has Caught The Eye Of Investors
The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...Analysis Article • May 22
NTG Clarity Networks Inc.'s (CVE:NCI) Share Price Boosted 48% But Its Business Prospects Need A Lift Too
NTG Clarity Networks Inc. ( CVE:NCI ) shareholders would be excited to see that the share price has had a great month...Analysis Article • May 21
NTG Clarity Networks (CVE:NCI) Has A Pretty Healthy Balance Sheet
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Analysis Article • Apr 05
Slammed 26% NTG Clarity Networks Inc. (CVE:NCI) Screens Well Here But There Might Be A Catch
NTG Clarity Networks Inc. ( CVE:NCI ) shareholders won't be pleased to see that the share price has had a very rough...
New Narrative • Mar 09
Largest Ever $53 Million Contract Positions IT Firm For Future Success
Strategic focus on Saudi Arabia's digital transformation and cost-efficient Egypt-based workforce enhances profitability and net margins.Analysis Article • Jan 26
Is NTG Clarity Networks (CVE:NCI) Using Too Much Debt?
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Analysis Article • Dec 30
With EPS Growth And More, NTG Clarity Networks (CVE:NCI) Makes An Interesting Case
The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...Analysis Article • Dec 04
The Market Lifts NTG Clarity Networks Inc. (CVE:NCI) Shares 28% But It Can Do More
NTG Clarity Networks Inc. ( CVE:NCI ) shareholders are no doubt pleased to see that the share price has bounced 28% in...Analysis Article • Sep 29
NTG Clarity Networks Inc. (CVE:NCI) Stock's 30% Dive Might Signal An Opportunity But It Requires Some Scrutiny
The NTG Clarity Networks Inc. ( CVE:NCI ) share price has softened a substantial 30% over the previous 30 days, handing...Analysis Article • Sep 09
Here's Why We Think NTG Clarity Networks (CVE:NCI) Might Deserve Your Attention Today
It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...Analysis Article • Aug 05
NTG Clarity Networks' (CVE:NCI) Earnings Might Be Weaker Than You Think
Shareholders were pleased with the recent earnings report from NTG Clarity Networks Inc. ( CVE:NCI ). However, we think...Analysis Article • Aug 01
The Market Lifts NTG Clarity Networks Inc. (CVE:NCI) Shares 44% But It Can Do More
NTG Clarity Networks Inc. ( CVE:NCI ) shares have continued their recent momentum with a 44% gain in the last month...Analysis Article • Jul 31
We Think NTG Clarity Networks (CVE:NCI) Can Stay On Top Of Its Debt
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Analysis Article • May 31
NTG Clarity Networks Inc.'s (CVE:NCI) Shares Bounce 47% But Its Business Still Trails The Market
NTG Clarity Networks Inc. ( CVE:NCI ) shares have continued their recent momentum with a 47% gain in the last month...Analysis Article • May 21
Here's Why We Think NTG Clarity Networks (CVE:NCI) Might Deserve Your Attention Today
The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...Analysis Article • Mar 18
NTG Clarity Networks Inc. (CVE:NCI) Stock Catapults 33% Though Its Price And Business Still Lag The Market
NTG Clarity Networks Inc. ( CVE:NCI ) shares have continued their recent momentum with a 33% gain in the last month...Analysis Article • May 31
Calculating The Fair Value Of NTG Clarity Networks Inc. (CVE:NCI)
Today we'll do a simple run through of a valuation method used to estimate the attractiveness of NTG Clarity Networks...Shareholder Returns
| NCI | CA Software | CA Market | |
|---|---|---|---|
| 7D | -3.9% | 2.3% | -1.0% |
| 1Y | -69.0% | -32.5% | 30.5% |
Return vs Industry: NCI underperformed the Canadian Software industry which returned -31.9% over the past year.
Return vs Market: NCI underperformed the Canadian Market which returned 31.4% over the past year.
Price Volatility
| NCI volatility | |
|---|---|
| NCI Average Weekly Movement | 9.7% |
| Software Industry Average Movement | 10.7% |
| Market Average Movement | 10.1% |
| 10% most volatile stocks in CA Market | 17.8% |
| 10% least volatile stocks in CA Market | 3.8% |
Stable Share Price: NCI has not had significant price volatility in the past 3 months compared to the Canadian market.
Volatility Over Time: NCI's weekly volatility (10%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1992 | n/a | Ashraf Zaghloul | ntgclarity.com |
NTG Clarity Networks Inc., together with its subsidiaries, provides network, telecom, IT, and infrastructure solutions to medium and large network service providers in Canada, North America, Iraq, Saudi Arabia, Egypt, and Oman. The company offers utility billing solution, trouble ticket management module, and last mile delivery platform for enterprises; network inventory system, workflow management solution, and telecom in a box, as well as NTGapps, a digital transformation platform; asset management; and end-to-end business solutions comprising ERP modules of accounting, human resources, customer relationship management, procurement, manufacturing, asset management, and others. It also provides services, including offshore development center, outsourcing and offshoring, digital transformation, and data migration; systems design and integration, such as solution development, system integration, testing as a service, and SAP; consulting and training; and education and upskilling through NTG Academy.
NTG Clarity Networks Inc. Fundamentals Summary
| NCI fundamental statistics | |
|---|---|
| Market cap | CA$35.52m |
| Earnings (TTM) | CA$4.15m |
| Revenue (TTM) | CA$84.94m |
8.6x
P/E Ratio0.4x
P/S RatioIs NCI overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| NCI income statement (TTM) | |
|---|---|
| Revenue | CA$84.94m |
| Cost of Revenue | CA$54.35m |
| Gross Profit | CA$30.59m |
| Other Expenses | CA$26.44m |
| Earnings | CA$4.15m |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.086 |
| Gross Margin | 36.01% |
| Net Profit Margin | 4.88% |
| Debt/Equity Ratio | 17.7% |
How did NCI perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/07 16:16 |
| End of Day Share Price | 2026/06/05 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
NTG Clarity Networks Inc. is covered by 4 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Nicholas Cortellucci | Atrium Research |
| Doug Cooper | Beacon Securities Limited |
| Aravinda Galappatthige | Canaccord Genuity |