Csquare (NYSE:CSQR) Stock Jumps 16.1% on Analyst Upgrade

Key Points

• Csquare shares rose 16.1% after TD Cowen raised its price target from $28 to $30 and maintained a Buy rating; the stock reached $17.92 intraday.
• Analysts’ average rating is Moderate Buy, with an average price target of $28.78; recent coverage includes ratings ranging from Strong Buy to Sell.
• Q3 revenue increased 25.6% year over year to $302.3 million, beating estimates, but the $0.58 per-share loss was worse than expected and wider than a year earlier. The company also reported record bookings and forecast FY2026 revenue of $1.1 billion–$1.2 billion.

Csquare, Inc. (NYSE:CSQR - Get Free Report)'s share price traded up 16.1% during trading on Tuesday after TD Cowen raised their price target on the stock from $28.00 to $30.00. TD Cowen currently has a buy rating on the stock. Csquare traded as high as $17.92 and last traded at $17.73. Approximately 706,785 shares changed hands during mid-day trading, a decline of 57% from the average session volume of 1,639,064 shares. The stock had previously closed at $15.27.

CSQR has been the topic of several other reports. Wells Fargo & Company initiated coverage on Csquare in a report on Monday, August 10th. They set an "overweight" rating and a $25.00 price target on the stock. Jefferies Financial Group upgraded shares of Csquare to a "strong-buy" rating in a report on Friday, August 14th. JPMorgan Chase & Co. started coverage on shares of Csquare in a research report on Monday, August 10th. They set a "neutral" rating and a $24.00 target price on the stock. Royal Bank Of Canada assumed coverage on shares of Csquare in a research report on Monday, August 10th. They set an "outperform" rating and a $24.00 target price on the stock. Finally, Morgan Stanley assumed coverage on shares of Csquare in a report on Monday, August 10th. They set an "overweight" rating and a $26.00 target price on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Csquare presently has an average rating of "Moderate Buy" and an average target price of $28.78.

Key Headlines Impacting Csquare

Here are the key news stories impacting Csquare this week:

• Positive Sentiment: Q3 revenue rose 25.6% year over year to $302.3 million, beating the reported $287.1 million estimate. Gross profit also increased to $160.3 million. Q3 earnings details
• Positive Sentiment: Csquare reported record bookings of $66.1 million and a 14th consecutive quarter of sequential bookings growth, pointing to sustained demand and continued customer deployments. Q3 results and business highlights
• Positive Sentiment: FY 2026 revenue guidance is $1.1 billion–$1.2 billion, versus analyst consensus of $1.1 billion; the upper end offers potential upside to expectations.
• Negative Sentiment: Q3 loss per share of $0.58 was worse than the $0.49 consensus loss, and the loss widened from $0.29 per share a year earlier. Operating loss was $14.6 million and net loss attributable to common shareholders was $88.1 million. Q3 earnings results
• Negative Sentiment: Capital spending was substantial: purchases of property, plant and equipment totaled $164.6 million, compared with $69.7 million in cash generated from operations, keeping attention on investment needs and cash resources. Q3 financial details

Csquare Trading Up 15.1%

The firm has a 50-day simple moving average of $16.68.

Csquare (NYSE:CSQR - Get Free Report) last issued its quarterly earnings results on Monday, November 9th. The company reported ($0.58) EPS for the quarter, missing analysts' consensus estimates of ($0.49) by ($0.09). The business had revenue of $302.33 million for the quarter. During the same quarter in the previous year, the company earned ($0.29) EPS. The firm's revenue was up 25.6% on a year-over-year basis. On average, equities research analysts expect that Csquare, Inc. will post -1.73 EPS for the current fiscal year.

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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