NASDAQ:CVON - ConvergeOne Stock Price, News, & Analysis

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$9.42 +0.04 (+0.43 %)
(As of 08/21/2018 04:00 PM ET)
Previous Close$9.50
Today's Range$9.36 - $9.53
52-Week Range$7.95 - $10.83
Volume54,400 shs
Average Volume145,903 shs
Market Capitalization$713.56 million
P/E Ratio25.00
Dividend Yield0.86%
ConvergeOne logoConvergeOne Holdings, Inc. provides collaboration and technology solutions for large and medium enterprises in the United States. The company offers unified communications solutions, including communications applications, such as voice, email, presence, chat/text, and video technologies; voice and text messaging solutions; mobility and bring your own device solutions for business continuity with the seamless connection of mobile, landline, cellular, and Wi-Fi enabled devices; conferencing solutions, as well as streaming and recording, and security services; and software integration services. It also provides customer engagement solutions comprising omni-channel, self-service interactive voice recognition and advanced routing, social media, remote agent, end-to-end business intelligence and analytics, workforce optimization, and integration software and cloud connector solutions; and enterprise networking technology solutions, such as mobile device management, routing and switching technology, wireless, and location service applications. In addition, the company offers data center solutions, including design, procurement, implementation, management, and optimization of data center infrastructure assets, as well as server migration and consolidation services; storage management and data management solutions; and virtualization solutions. Further, it provides cloud solutions in private, C1 Cloud, hybrid, and public cloud environments; end-to-end network and data security solutions; and disaster recovery services and solutions, such as business continuity assessment and planning, network availability and data continuity, and recovery and crisis management, as well as FireStorm POV, an security assessment tool. ConvergeOne Holdings, Inc. is headquartered in Eagan, Minnesota.

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Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry Prepackaged software
SectorComputer and Technology


Debt-to-Equity Ratio-5.41
Current Ratio1.10
Quick Ratio1.04


Trailing P/E Ratio25.00
Forward P/E Ratio9.61
P/E GrowthN/A

Sales & Book Value

Annual Sales$918.93 million
Price / Sales0.78
Cash Flow$0.7447 per share
Price / Cash12.65
Book Value$0.11 per share
Price / Book85.64


EPS (Most Recent Fiscal Year)$0.38
Net Income$290,000.00
Net MarginsN/A
Return on Equity-83.53%
Return on Assets8.07%


Outstanding Shares76,400,000
Market Cap$713.56 million

ConvergeOne (NASDAQ:CVON) Frequently Asked Questions

What is ConvergeOne's stock symbol?

ConvergeOne trades on the NASDAQ under the ticker symbol "CVON."

How often does ConvergeOne pay dividends? What is the dividend yield for ConvergeOne?

ConvergeOne announced a quarterly dividend on Friday, August 10th. Stockholders of record on Friday, August 24th will be paid a dividend of $0.02 per share on Friday, September 14th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date of this dividend is Thursday, August 23rd. View ConvergeOne's Dividend History.

How were ConvergeOne's earnings last quarter?

ConvergeOne Holdings Inc (NASDAQ:CVON) posted its quarterly earnings results on Thursday, August, 9th. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.23 by $0.05. The business had revenue of $391.01 million for the quarter, compared to analysts' expectations of $354.63 million. View ConvergeOne's Earnings History.

When is ConvergeOne's next earnings date?

ConvergeOne is scheduled to release their next quarterly earnings announcement on Thursday, November, 8th 2018. View Earnings Estimates for ConvergeOne.

What price target have analysts set for CVON?

6 equities research analysts have issued 12 month price objectives for ConvergeOne's shares. Their forecasts range from $11.00 to $12.00. On average, they expect ConvergeOne's stock price to reach $11.6667 in the next twelve months. This suggests a possible upside of 23.8% from the stock's current price. View Analyst Price Targets for ConvergeOne.

What is the consensus analysts' recommendation for ConvergeOne?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ConvergeOne in the last year. There are currently 1 hold rating and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for ConvergeOne.

Who are some of ConvergeOne's key competitors?

Who are ConvergeOne's key executives?

ConvergeOne's management team includes the folowing people:
  • Mr. John A. McKenna Jr., Pres, CEO & Chairman (Age 50)
  • Mr. Jeffrey E. Nachbor, Chief Financial Officer (Age 53)
  • Mr. Mark Langanki, Chief Technology Officer
  • Mr. Erik Cline, VP of Sales
  • Mr. James R. Felicetti, VP of Bus. Devel.

Has ConvergeOne been receiving favorable news coverage?

News articles about CVON stock have trended somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. ConvergeOne earned a news and rumor sentiment score of 0.15 on Accern's scale. They also assigned media coverage about the company an impact score of 48.43 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the near term. View Recent Headlines for ConvergeOne.

Who are ConvergeOne's major shareholders?

ConvergeOne's stock is owned by a number of of institutional and retail investors. Top institutional investors include CLEARLAKE CAPITAL PARTNERS III (MASTER), L.P. (55.40%), Scopia Capital Management LP (2.84%), BlackRock Inc. (1.72%), Schwab Charles Investment Management Inc. (0.18%), Bank of New York Mellon Corp (0.10%) and Rhumbline Advisers (0.03%). Company insiders that own ConvergeOne stock include David Boris and Richard Katzman. View Institutional Ownership Trends for ConvergeOne.

Which institutional investors are buying ConvergeOne stock?

CVON stock was purchased by a variety of institutional investors in the last quarter, including Scopia Capital Management LP, BlackRock Inc., Schwab Charles Investment Management Inc., Bank of New York Mellon Corp and Rhumbline Advisers. View Insider Buying and Selling for ConvergeOne.

How do I buy shares of ConvergeOne?

Shares of CVON can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is ConvergeOne's stock price today?

One share of CVON stock can currently be purchased for approximately $9.42.

How big of a company is ConvergeOne?

ConvergeOne has a market capitalization of $713.56 million and generates $918.93 million in revenue each year. The company earns $290,000.00 in net income (profit) each year or $0.38 on an earnings per share basis. ConvergeOne employs 3 workers across the globe.

How can I contact ConvergeOne?

ConvergeOne's mailing address is 3344 Highway 149, Eagan MN, 55121. The company can be reached via phone at 888-321-6227.

MarketBeat Community Rating for ConvergeOne (NASDAQ CVON)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  62 (Vote Outperform)
Underperform Votes:  73 (Vote Underperform)
Total Votes:  135
MarketBeat's community ratings are surveys of what our community members think about ConvergeOne and other stocks. Vote "Outperform" if you believe CVON will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CVON will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 8/21/2018 by Staff

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