Equities Analysts Offer Predictions for Crexendo Q3 Earnings

Key Points

• Northland Securities lowered Crexendo’s Q3 2026 EPS forecast to $0.08 from $0.09; its full-year 2026 estimate is $0.33 per share versus the broader consensus of $0.36.
• Crexendo’s latest quarterly results exceeded expectations, with EPS of $0.12 versus the $0.10 consensus estimate, while revenue matched forecasts at $24.65 million.
• Analyst sentiment remains favorable, with three Buy ratings and one Hold rating producing a “Moderate Buy” consensus and an average price target of $10.50, despite shares trading down 5.5%.

Crexendo Inc. (NASDAQ:CXDO - Free Report) - Investment analysts at Northland Securities decreased their Q3 2026 earnings per share estimates for shares of Crexendo in a research report issued on Wednesday, August 5th. Northland Securities analyst M. Latimore now forecasts that the company will post earnings per share of $0.08 for the quarter, down from their previous forecast of $0.09. The consensus estimate for Crexendo's current full-year earnings is $0.36 per share. Northland Securities also issued estimates for Crexendo's Q4 2026 earnings at $0.07 EPS, FY2026 earnings at $0.33 EPS, Q1 2027 earnings at $0.07 EPS, Q3 2027 earnings at $0.12 EPS and Q4 2027 earnings at $0.13 EPS.

Crexendo (NASDAQ:CXDO - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.12 earnings per share for the quarter, topping analysts' consensus estimates of $0.10 by $0.02. Crexendo had a return on equity of 14.34% and a net margin of 5.31%.The business had revenue of $24.65 million for the quarter, compared to the consensus estimate of $24.65 million.

A number of other equities analysts have also recently issued reports on CXDO. Weiss Ratings reiterated a "hold (c+)" rating on shares of Crexendo in a report on Monday, August 3rd. B. Riley Financial decreased their price target on shares of Crexendo from $10.00 to $9.00 and set a "buy" rating for the company in a research note on Wednesday, August 5th. Needham & Company LLC upped their price objective on shares of Crexendo from $9.00 to $12.00 and gave the stock a "buy" rating in a report on Wednesday, May 6th. Finally, Lake Street Capital reaffirmed a "buy" rating and issued a $11.00 price objective on shares of Crexendo in a research note on Wednesday, May 6th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $10.50.

Crexendo Trading Down 5.5%

NASDAQ CXDO opened at $6.30 on Tuesday. The company has a market cap of $209.47 million, a price-to-earnings ratio of 45.00 and a beta of 1.12. Crexendo has a 52 week low of $5.55 and a 52 week high of $11.23. The business has a 50 day moving average price of $7.43 and a 200-day moving average price of $7.25. The company has a quick ratio of 1.98, a current ratio of 2.06 and a debt-to-equity ratio of 0.06.

Institutional Investors Weigh In On Crexendo

Large investors have recently made changes to their positions in the business. BlackRock Inc. bought a new stake in shares of Crexendo during the 2nd quarter worth $7,957,000. Vanguard Group Inc. increased its holdings in Crexendo by 11.2% during the third quarter. Vanguard Group Inc. now owns 701,898 shares of the company's stock worth $4,562,000 after buying an additional 70,791 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in Crexendo by 26.8% in the first quarter. Arrowstreet Capital Limited Partnership now owns 406,442 shares of the company's stock worth $2,508,000 after acquiring an additional 85,943 shares during the period. Geode Capital Management LLC raised its position in Crexendo by 14.3% in the fourth quarter. Geode Capital Management LLC now owns 401,356 shares of the company's stock worth $2,598,000 after acquiring an additional 50,288 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in Crexendo by 15.9% in the first quarter. Dimensional Fund Advisors LP now owns 380,327 shares of the company's stock valued at $2,346,000 after acquiring an additional 52,200 shares during the last quarter. 9.53% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO Ron Vincent sold 90,000 shares of the business's stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $10.03, for a total value of $902,700.00. Following the transaction, the chief financial officer owned 117,490 shares in the company, valued at $1,178,424.70. The trade was a 43.38% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jeffrey G. Korn sold 39,500 shares of the company's stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $9.95, for a total value of $393,025.00. Following the completion of the transaction, the chief executive officer directly owned 209,026 shares of the company's stock, valued at approximately $2,079,808.70. This represents a 15.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 453,400 shares of company stock worth $4,395,111 in the last quarter. 47.20% of the stock is owned by corporate insiders.

About Crexendo

Crexendo, Inc NASDAQ: CXDO is a provider of cloud-based communications and collaboration solutions tailored to businesses of varying sizes. The company's flagship offering, CXsuite, integrates enterprise-grade voice, video conferencing, instant messaging, presence, and contact center functionality into a single platform delivered over the internet. By leveraging hosted infrastructure and a subscription-based model, Crexendo aims to reduce on-premises hardware costs and simplify management for IT teams and resellers.

Crexendo's product portfolio includes a multi-tenant cloud PBX, SIP trunking, session border controllers and an application programming interface (API) suite that allows partners and customers to embed real-time communications into custom workflows.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source