Crexendo (CXDO) Scheduled to Post Earnings on Tuesday

Crexendo (NASDAQ:CXDO) will issue its quarterly earnings data after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of $0.06 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Crexendo (NASDAQ:CXDO) last announced its quarterly earnings results on Tuesday, March 5th. The company reported $0.04 EPS for the quarter, meeting analysts’ consensus estimates of $0.04. Crexendo had a negative net margin of 0.68% and a positive return on equity of 6.60%. The company had revenue of $14.16 million for the quarter, compared to analysts’ expectations of $13.76 million. During the same period in the prior year, the company posted $0.02 EPS. On average, analysts expect Crexendo to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Crexendo Stock Up 3.3 %

Crexendo stock opened at $4.73 on Monday. The firm has a 50 day simple moving average of $4.89 and a 200 day simple moving average of $4.38. The company has a current ratio of 1.69, a quick ratio of 1.65 and a debt-to-equity ratio of 0.01. Crexendo has a 1-year low of $1.24 and a 1-year high of $7.59.

Insiders Place Their Bets

In other news, CTO David Tzat-Kin Wang sold 20,000 shares of the business’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $5.51, for a total transaction of $110,200.00. Following the completion of the transaction, the chief technology officer now owns 437,402 shares of the company’s stock, valued at $2,410,085.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 56.60% of the company’s stock.

Analyst Upgrades and Downgrades

CXDO has been the subject of several recent research reports. B. Riley reiterated a “neutral” rating and issued a $6.75 price target on shares of Crexendo in a research report on Wednesday, March 6th. TheStreet upgraded Crexendo from a “d” rating to a “c” rating in a research report on Tuesday, March 19th. Finally, Lake Street Capital increased their price target on shares of Crexendo from $5.50 to $7.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th.

Crexendo Company Profile

Crexendo, Inc provides cloud communication platform and services, video collaboration, and managed IT services for businesses in the United States and internationally. It operates through two segments, Cloud Telecommunications Services and Software Solutions. The Cloud Telecommunications segment provides telecommunications services that transmit calls using Internet protocol (IP) or cloud technology, which converts voice signals into digital data packets for transmission over the Internet or cloud; and broadband Internet services, as well as develops end user portals for account and license management, and billing and customer support.