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Nicolas Sokolow, a director at Clarus Corp (NASDAQ:CLAR), recently made a significant purchase of company stock, showing confidence despite the stock’s 39% decline over the past year. According to InvestingPro data, the company maintains a consistent dividend payment history spanning 8 years. According to a recent SEC filing, Sokolow acquired 22,000 shares of Clarus Corp at a weighted average price of approximately $4.0853 per share. The total value of the transaction amounted to $89,876. This purchase increases Sokolow’s holdings to 580,311 shares, reflecting his ongoing investment in the company. The shares were acquired through multiple transactions, with prices ranging from $3.938 to $4.10, near the stock’s 52-week low of $3.89. InvestingPro analysis reveals the company holds more cash than debt, with several additional insights available in the comprehensive Pro Research Report.
In other recent news, Clarus Corp reported its fourth-quarter 2024 earnings, revealing a significant miss in earnings per share (EPS), which came in at -$1.71, far below the expected $0.01. However, the company’s revenue exceeded expectations, reaching $71.4 million, compared to a forecast of $69.56 million. Analysts at Stifel maintained a Buy rating on Clarus shares, with a price target of $8.00, following the release of these results. They noted that while Clarus is facing challenges in its Adventure segment, the company’s adjusted EBITDA guidance for 2025 is seen as positive, ranging from $14 million to $16 million.
Clarus’ Adventure segment is dealing with weak demand in Australia, which constitutes a significant portion of its revenues. The Outdoor segment is working on streamlining its product offerings, which is expected to enhance the performance of its high-return products. Stifel analysts adjusted their profit estimates upwards for Clarus, despite lower revenue projections, and reaffirmed their confidence in the stock. The company’s solid cash position, with no third-party bank debt, was also highlighted in the earnings report.
Clarus provided a cautious yet optimistic outlook for 2025, expecting full-year sales between $250 million and $260 million. The company anticipates revenue for the first quarter of 2025 to be between $55 million and $57 million, with a breakeven EBITDA.
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