Crexendo (CXDO) Scheduled to Post Earnings on Tuesday

Crexendo (NASDAQ:CXDO) will release its earnings data after the market closes on Tuesday, May 7th. Analysts expect Crexendo to post earnings of $0.06 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Crexendo (NASDAQ:CXDO) last announced its quarterly earnings results on Tuesday, March 5th. The company reported $0.04 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.04. The business had revenue of $14.16 million for the quarter, compared to analyst estimates of $13.76 million. Crexendo had a negative net margin of 0.68% and a positive return on equity of 6.60%. During the same quarter last year, the firm earned $0.02 EPS. On average, analysts expect Crexendo to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Crexendo Stock Up 2.0 %

Shares of NASDAQ:CXDO opened at $4.58 on Friday. The company has a quick ratio of 1.65, a current ratio of 1.69 and a debt-to-equity ratio of 0.01. The company has a 50-day moving average price of $4.89 and a 200-day moving average price of $4.34. Crexendo has a 12 month low of $1.24 and a 12 month high of $7.59.

Analyst Ratings Changes

A number of research analysts have commented on CXDO shares. Lake Street Capital upped their price target on Crexendo from $5.50 to $7.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. TheStreet upgraded Crexendo from a “d” rating to a “c” rating in a report on Tuesday, March 19th. Finally, B. Riley reiterated a “neutral” rating and issued a $6.75 price target on shares of Crexendo in a report on Wednesday, March 6th.

Insiders Place Their Bets

In other Crexendo news, CTO David Tzat-Kin Wang sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $5.51, for a total transaction of $110,200.00. Following the transaction, the chief technology officer now owns 437,402 shares in the company, valued at approximately $2,410,085.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 56.60% of the stock is currently owned by company insiders.

About Crexendo

Crexendo, Inc provides cloud communication platform and services, video collaboration, and managed IT services for businesses in the United States and internationally. It operates through two segments, Cloud Telecommunications Services and Software Solutions. The Cloud Telecommunications segment provides telecommunications services that transmit calls using Internet protocol (IP) or cloud technology, which converts voice signals into digital data packets for transmission over the Internet or cloud; and broadband Internet services, as well as develops end user portals for account and license management, and billing and customer support.