Csquare, Inc.’s (NYSE:CSQR) Quiet Period Set To End Tomorrow

Csquare’s (NYSE:CSQR) quiet period is set to end on Tuesday, August 25th. Csquare had issued 50,000,000 shares in its IPO on July 16th. The total size of the offering was $1,050,000,000 based on an initial share price of $21.00. During Csquare’s quiet period, insiders and any underwriters that worked on the IPO are restricted from issuing any research reports or earnings estimates for the company because of SEC regulations. Following the end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Wall Street Zen raised Csquare to a “hold” rating in a research note on Saturday, July 25th. Sanford C. Bernstein assumed coverage on Csquare in a report on Monday, August 10th. They issued an “outperform” rating and a $27.00 price target for the company. Royal Bank Of Canada began coverage on shares of Csquare in a research report on Monday, August 10th. They set an “outperform” rating and a $24.00 price target on the stock. Bank of America began coverage on shares of Csquare in a report on Monday, August 10th. They set a “buy” rating and a $46.00 price objective on the stock. Finally, JPMorgan Chase & Co. began coverage on shares of Csquare in a report on Monday, August 10th. They set a “neutral” rating and a $24.00 price objective on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Csquare has an average rating of “Buy” and a consensus price target of $28.44.

Csquare Stock Performance

CSQR stock opened at $20.46 on Monday. Csquare has a fifty-two week low of $19.50 and a fifty-two week high of $23.50.

About Csquare

Csquare Inc is a provider of carrier-neutral data center solutions. The company’s digital infrastructure platform offers carrier-neutral colocation and interconnection services which support the applications. Csquare Inc is based in COPPELL, Texas.