Crexendo (CXDO) Set to Announce Earnings on Tuesday

Crexendo (NASDAQ:CXDO) is scheduled to post its quarterly earnings results after the market closes on Tuesday, August 6th. Analysts expect Crexendo to post earnings of $0.06 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Crexendo (NASDAQ:CXDO) last released its quarterly earnings results on Tuesday, May 7th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of $0.02 by $0.02. The business had revenue of $14.29 million for the quarter, compared to analysts’ expectations of $14.10 million. Crexendo had a return on equity of 10.88% and a net margin of 3.01%. On average, analysts expect Crexendo to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Crexendo Trading Down 1.5 %

Shares of CXDO opened at $4.04 on Monday. Crexendo has a one year low of $1.54 and a one year high of $7.59. The stock has a 50-day moving average price of $3.45 and a 200 day moving average price of $4.53. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.97 and a current ratio of 2.01. The company has a market capitalization of $107.87 million, a P/E ratio of 80.80 and a beta of 1.17.

Wall Street Analysts Forecast Growth

Separately, B. Riley upgraded Crexendo from a “neutral” rating to a “buy” rating and reduced their target price for the company from $6.75 to $5.75 in a research note on Wednesday, May 8th.

Insider Transactions at Crexendo

In other news, insider Anand Buch sold 11,950 shares of the stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $3.04, for a total transaction of $36,328.00. Following the transaction, the insider now owns 548,139 shares of the company’s stock, valued at $1,666,342.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last 90 days, insiders purchased 9,000 shares of company stock valued at $30,890. Insiders own 56.20% of the company’s stock.

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.