Csquare (NYSE:CSQR) Share Price Crosses Above 50-Day Moving Average on Disappointing Earnings

Key Points

• Csquare’s quarterly loss was worse than expected: It reported a loss of $0.58 per share, missing the $0.49-per-share consensus, and the loss widened from $0.29 a year earlier.
• Revenue showed strong growth: Revenue rose 25.6% year over year to $302.3 million, beating the cited $287.1 million estimate; bookings reached a record $66.1 million. The company forecast fiscal 2026 revenue of $1.1 billion to $1.2 billion.
• Shares traded above their 50-day moving average of $16.64, reaching $18.34 and last trading at $17.50. Analyst sentiment was broadly positive, with an average rating of “Moderate Buy” and an average price target of $28.78.

Csquare, Inc. (NYSE:CSQR - Get Free Report) passed above its 50-day moving average during trading on Tuesday after the company announced better than expected quarterly earnings. The stock has a 50-day moving average of $16.64 and traded as high as $18.34. Csquare shares last traded at $17.50, with a volume of 6,628,462 shares trading hands.

The company reported ($0.58) earnings per share for the quarter, missing analysts' consensus estimates of ($0.49) by ($0.09). The business had revenue of $302.33 million during the quarter. The firm's revenue for the quarter was up 25.6% on a year-over-year basis. During the same period in the previous year, the business earned ($0.29) EPS.

Key Headlines Impacting Csquare

Here are the key news stories impacting Csquare this week:

• Positive Sentiment: Third-quarter revenue rose 25.6% year over year to $302.3 million, topping the reported $287.1 million estimate. Csquare also reported record bookings of $66.1 million, its 14th consecutive quarter of sequential growth. Csquare third-quarter results
• Positive Sentiment: Csquare guided to fiscal 2026 revenue of $1.1 billion to $1.2 billion, with the range’s upper end above the cited $1.1 billion consensus estimate. Csquare third-quarter results
• Positive Sentiment: TD Cowen raised its price target from $28 to $30 and maintained a Buy rating, signaling continued analyst optimism. TD Cowen rating
• Neutral Sentiment: Short interest increased 69.9% between October 15 and October 30, reaching about 9.4 million shares, or 5.6% of shares. This could amplify volatility, though it may also create potential for short-covering.
• Negative Sentiment: Adjusted for the quarter’s reported figures, Csquare lost $0.58 per share, missing the cited $0.49 consensus loss; the loss also widened from $0.29 per share a year earlier. The company reported an $88.1 million net loss attributable to common shareholders and $164.6 million in property and equipment purchases. Csquare Q3 earnings details

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CSQR. TD Cowen increased their price objective on shares of Csquare from $28.00 to $30.00 and gave the company a "buy" rating in a report on Tuesday. Jefferies Financial Group raised shares of Csquare to a "strong-buy" rating in a research note on Friday, August 14th. Weiss Ratings initiated coverage on shares of Csquare in a report on Monday, October 12th. They set a "sell (d)" rating for the company. Wells Fargo & Company started coverage on shares of Csquare in a research report on Monday, August 10th. They set an "overweight" rating and a $25.00 target price for the company. Finally, Morgan Stanley started coverage on shares of Csquare in a research report on Monday, August 10th. They set an "overweight" rating and a $26.00 target price for the company. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Csquare presently has an average rating of "Moderate Buy" and an average target price of $28.78.

Institutional Trading of Csquare

An institutional investor recently bought a new position in Csquare stock. Voya Investment Management LLC bought a new position in shares of Csquare, Inc. (NYSE:CSQR - Free Report) in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 10,394 shares of the company's stock, valued at approximately $164,000.

Csquare Price Performance

The firm's 50 day moving average price is $16.64.

Csquare Company Profile

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.

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