Crexendo (CXDO) Scheduled to Post Quarterly Earnings on Tuesday

Crexendo (NASDAQ:CXDO - Get Free Report) will announce its earnings results after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of $0.06 per share for the quarter. Persons interested in registering for the company's earnings conference call can do so using this link.

Crexendo (NASDAQ:CXDO - Get Free Report) last issued its earnings results on Tuesday, March 5th. The company reported $0.04 earnings per share for the quarter, hitting the consensus estimate of $0.04. The business had revenue of $14.16 million for the quarter, compared to analyst estimates of $13.76 million. Crexendo had a positive return on equity of 6.60% and a negative net margin of 0.68%. During the same quarter last year, the company earned $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 Down 4.2 %

Shares of NASDAQ:CXDO traded down $0.18 during trading on Tuesday, hitting $4.08. 77,574 shares of the company were exchanged, compared to its average volume of 233,991. The firm's 50 day moving average price is $5.01 and its 200-day moving average price is $4.30. The stock has a market capitalization of $104.86 million, a P/E ratio of -209.00 and a beta of 1.11. Crexendo has a 12-month low of $1.24 and a 12-month high of $7.59. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.69 and a quick ratio of 1.65.

Insider Buying and Selling at Crexendo

In other news, CTO David Tzat-Kin Wang sold 20,000 shares of the company's stock in a transaction that occurred on 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 sale, the chief technology officer now owns 437,402 shares in the company, valued at $2,410,085.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 56.60% of the company's stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Lake Street Capital upped their target price on Crexendo from $5.50 to $7.00 and gave the company a "buy" rating in a research report on Wednesday, March 6th. TheStreet upgraded shares of Crexendo from a "d" rating to a "c" rating in a research report on Tuesday, March 19th. Finally, B. Riley reiterated a "neutral" rating and set a $6.75 price target on shares of Crexendo in a research note 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.