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

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$12.38 +0.04 (+0.32 %)
(As of 12/18/2018 04:00 PM ET)
Previous Close$12.34
Today's Range$12.28 - $12.43
52-Week Range$7.95 - $12.75
Volume117,000 shs
Average Volume155,112 shs
Market Capitalization$950.39 million
P/E Ratio32.58
Dividend Yield0.64%
Beta0.5
ConvergeOne 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
Sub-IndustryN/A
SectorComputer and Technology
Current SymbolNASDAQ:CVON
Previous Symbol
CUSIPN/A
Phone888-321-6227

Debt

Debt-to-Equity RatioN/A
Current Ratio1.03
Quick Ratio0.96

Price-To-Earnings

Trailing P/E Ratio32.58
Forward P/E Ratio13.03
P/E GrowthN/A

Sales & Book Value

Annual Sales$918.93 million
Price / Sales1.03
Cash Flow$0.7352 per share
Price / Cash Flow16.84
Book Value$0.11 per share
Price / Book112.55

Profitability

EPS (Most Recent Fiscal Year)$0.38
Net Income$290,000.00
Net Margins1.60%
Return on Equity-76.41%
Return on Assets9.16%

Miscellaneous

Employees3
Outstanding Shares76,400,000
Market Cap$950.39 million
OptionableNot Optionable

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 declared a quarterly dividend on Monday, November 5th. Stockholders of record on Wednesday, November 21st will be paid a dividend of $0.02 per share on Tuesday, December 11th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date is Tuesday, November 20th. View ConvergeOne's Dividend History.

How were ConvergeOne's earnings last quarter?

ConvergeOne Holdings Inc (NASDAQ:CVON) announced its quarterly earnings data on Tuesday, October, 30th. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.22 by $0.09. The firm had revenue of $404.75 million for the quarter, compared to analysts' expectations of $392.71 million. ConvergeOne had a net margin of 1.60% and a negative return on equity of 76.41%. View ConvergeOne's Earnings History.

When is ConvergeOne's next earnings date?

ConvergeOne is scheduled to release their next quarterly earnings announcement on Tuesday, March 19th 2019. View Earnings Estimates for ConvergeOne.

What price target have analysts set for CVON?

6 analysts have issued 1 year target prices for ConvergeOne's shares. Their predictions range from $11.00 to $12.00. On average, they anticipate ConvergeOne's share price to reach $11.6667 in the next twelve months. This suggests that the stock has a possible downside of 5.8%. 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 5 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for ConvergeOne.

Has ConvergeOne been receiving favorable news coverage?

Media coverage about CVON stock has been trending somewhat positive on Tuesday, InfoTrie Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. ConvergeOne earned a media sentiment score of 1.9 on InfoTrie's scale. They also gave news headlines about the company a news buzz of 1.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the immediate future.

Are investors shorting ConvergeOne?

ConvergeOne saw a drop in short interest in November. As of November 15th, there was short interest totalling 549,684 shares, a drop of 35.7% from the October 31st total of 855,142 shares. Based on an average daily volume of 657,152 shares, the days-to-cover ratio is presently 0.8 days. Currently, 2.6% of the company's shares are sold short. View ConvergeOne's Current Options Chain.

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. Scott Clark, VP of Corp. Marketing

Who are ConvergeOne's major shareholders?

ConvergeOne's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Scopia Capital Management LP (2.03%), BlackRock Inc. (1.65%), Vanguard Group Inc. (1.22%), Vanguard Group Inc (1.22%), Commonwealth Equity Services LLC (0.13%) and Monashee Investment Management LLC (0.13%). Company insiders that own ConvergeOne stock include David Boris and Richard Katzman. View Institutional Ownership Trends for ConvergeOne.

Which institutional investors are selling ConvergeOne stock?

CVON stock was sold by a variety of institutional investors in the last quarter, including Scopia Capital Management LP, Vanguard Group Inc. and Vanguard Group Inc. View Insider Buying and Selling for ConvergeOne.

Which institutional investors are buying ConvergeOne stock?

CVON stock was bought by a variety of institutional investors in the last quarter, including Commonwealth Equity Services LLC, Monashee Investment Management LLC, BlackRock Inc., Wells Fargo & Company MN and JPMorgan Chase & Co.. 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 $12.38.

How big of a company is ConvergeOne?

ConvergeOne has a market capitalization of $950.39 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.

What is ConvergeOne's official website?

The official website for ConvergeOne is http://www.convergeone.com.

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:  87 (Vote Outperform)
Underperform Votes:  100 (Vote Underperform)
Total Votes:  187
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 12/18/2018 by MarketBeat.com Staff

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