Oppenheimer Comments on Consensus Cloud Solutions, Inc.’s FY2022 Earnings (NASDAQ:CCSI)

Consensus Cloud Solutions, Inc. (NASDAQ:CCSIGet Rating) – Equities research analysts at Oppenheimer upped their FY2022 earnings per share estimates for Consensus Cloud Solutions in a report released on Monday, May 16th. Oppenheimer analyst I. Zaffino now anticipates that the company will post earnings per share of $5.43 for the year, up from their prior estimate of $5.38.

Consensus Cloud Solutions (NASDAQ:CCSIGet Rating) last announced its quarterly earnings data on Wednesday, March 2nd. The company reported 1.46 earnings per share for the quarter, beating analysts’ consensus estimates of 1.30 by 0.16. The business had revenue of 89.00 million during the quarter, compared to analyst estimates of 88.20 million.

Several other brokerages have also recently issued reports on CCSI. Wedbush dropped their price objective on shares of Consensus Cloud Solutions from $75.00 to $67.00 in a research note on Thursday, March 3rd. Zacks Investment Research upgraded Consensus Cloud Solutions from a “hold” rating to a “buy” rating and set a $54.00 price objective for the company in a research report on Wednesday. Finally, JMP Securities initiated coverage on shares of Consensus Cloud Solutions in a research note on Thursday, March 3rd. They set an “outperform” rating and a $70.00 price target on the stock.

Shares of NASDAQ CCSI opened at 47.78 on Thursday. The stock has a 50 day moving average of 55.32 and a two-hundred day moving average of 57.74. Consensus Cloud Solutions has a twelve month low of 34.81 and a twelve month high of 69.31.

Several institutional investors and hedge funds have recently made changes to their positions in CCSI. Rice Hall James & Associates LLC acquired a new stake in shares of Consensus Cloud Solutions in the first quarter valued at approximately $10,102,000. Nisa Investment Advisors LLC bought a new stake in Consensus Cloud Solutions in the 1st quarter valued at about $694,000. Strs Ohio acquired a new position in Consensus Cloud Solutions during the 1st quarter valued at about $222,000. New York State Teachers Retirement System bought a new position in shares of Consensus Cloud Solutions in the first quarter valued at approximately $1,482,000. Finally, Allspring Global Investments Holdings LLC purchased a new stake in Consensus Cloud Solutions in the first quarter worth $492,000. 72.76% of the stock is currently owned by institutional investors and hedge funds.

About Consensus Cloud Solutions (Get Rating)

Consensus Cloud Solutions, Inc, together with its subsidiaries, provides information delivery services with a software-as-a-service platform worldwide. Its products and solutions include eFax, an online faxing solution, as well as MyFax, MetroFax, Sfax, SRfax, and other brands; eFax Corporate, a digital cloud-fax technology; jsign, which provides electronic and digital signature solutions; Unite, a single platform that allows the user to choose between several protocols to send and receive healthcare information in an environment that can integrate into an existing electronic health record (EHR) system or stand-alone if no EHR is present; Signal, a solution that integrates with a hospital's EHR system and uses rules-based triggering logic to automatically send admit, discharge, and transfer notifications using cloud fax and direct secure messaging technology; and Clarity that transforms unstructured documents into structured actionable data.

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Earnings History and Estimates for Consensus Cloud Solutions (NASDAQ:CCSI)

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