CounterPath Corp. (NASDAQ:CPAH) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Monday.

According to Zacks, “CounterPath, Corp. focuses on the design, development, marketing and sales of desktop and mobile application software, conferencing server software, gateway server software and related professional services, such as pre and post sales technical support and customization services. The Company’s software products are sold into the telecommunications sector, specifically the voice over Internet protocol, unified communications and fixed-mobile convergence markets. The company’s product suite includes SIP-based softphones, server applications and Fixed Mobile Convergence solutions that enable service providers, enterprises and Original Equipment Manufacturers to cost-effectively integrate voice, video, presence and Instant Messaging applications into their VoIP offerings and extend functionality across both fixed and mobile networks. This company is covered under both TSX and NYSE as V.CCV and CPAH respectively. “

CounterPath Corp. (NASDAQ:CPAH) traded down 1.90% during trading on Monday, hitting $2.06. 1,020 shares of the stock were exchanged. CounterPath Corp. has a 52 week low of $1.85 and a 52 week high of $5.25. The stock’s market cap is $9.38 million. The stock has a 50 day moving average of $2.12 and a 200-day moving average of $2.23.

CounterPath Corp. (NASDAQ:CPAH) last posted its quarterly earnings results on Wednesday, September 14th. The company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.17) by $0.16. The business earned $3 million during the quarter. CounterPath Corp. had a negative net margin of 16.56% and a negative return on equity of 21.83%. Equities analysts expect that CounterPath Corp. will post ($0.44) EPS for the current fiscal year.

About CounterPath Corp.

CounterPath Corporation designs, develops and sells software and services that enable enterprises and telecommunication service providers to deliver unified communications (UC) services, including voice, video, messaging and collaboration functionality, over their Internet Protocol (IP)-based networks.

5 Day Chart for NASDAQ:CPAH

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