Csquare (NYSE:CSQR) Shares Gap Up – What’s Next?

Shares of Csquare, Inc. (NYSE:CSQR) gapped up prior to trading on Monday. The stock had previously closed at $13.72, but opened at $14.64. Csquare shares last traded at $15.06, with a volume of 30,549 shares trading hands.

Csquare News Roundup

Here are the key news stories impacting Csquare this week:

• Positive Sentiment: Third-quarter revenue rose 25.6% year over year to $302.3 million, topping the reported $287.1 million estimate. Csquare also reported record bookings of $66.1 million, its 14th consecutive quarter of sequential growth. Csquare third-quarter results
• Positive Sentiment: Csquare guided to fiscal 2026 revenue of $1.1 billion to $1.2 billion, with the range’s upper end above the cited $1.1 billion consensus estimate. Csquare third-quarter results
• Positive Sentiment: TD Cowen raised its price target from $28 to $30 and maintained a Buy rating, signaling continued analyst optimism. TD Cowen rating
• Neutral Sentiment: Short interest increased 69.9% between October 15 and October 30, reaching about 9.4 million shares, or 5.6% of shares. This could amplify volatility, though it may also create potential for short-covering.
• Negative Sentiment: Adjusted for the quarter’s reported figures, Csquare lost $0.58 per share, missing the cited $0.49 consensus loss; the loss also widened from $0.29 per share a year earlier. The company reported an $88.1 million net loss attributable to common shareholders and $164.6 million in property and equipment purchases. Csquare Q3 earnings details

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CSQR. Bank of America restated a “buy” rating on shares of Csquare in a report on Tuesday. Weiss Ratings started coverage on shares of Csquare in a report on Monday, October 12th. They set a “sell (d)” rating for the company. Sanford C. Bernstein reissued an “outperform” rating and set a $28.00 price target on shares of Csquare in a research report on Tuesday. Morgan Stanley initiated coverage on shares of Csquare in a research report on Monday, August 10th. They set an “overweight” rating and a $26.00 price target for the company. Finally, JPMorgan Chase & Co. assumed coverage on shares of Csquare in a report on Monday, August 10th. They issued a “neutral” rating and a $24.00 price target on the stock. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $28.78.

Csquare Price Performance

The company has a 50-day moving average of $16.64.

Csquare (NYSE:CSQR) last announced its quarterly earnings results on Monday, November 9th. The company reported ($0.58) EPS for the quarter, missing analysts’ consensus estimates of ($0.49) by ($0.09). The company had revenue of $302.33 million during the quarter. Csquare’s revenue was up 25.6% on a year-over-year basis. During the same period last year, the business earned ($0.29) earnings per share. As a group, equities analysts expect that Csquare, Inc. will post -1.73 EPS for the current year.

Institutional Investors Weigh In On Csquare

An institutional investor recently bought a new stake in Csquare stock. Voya Investment Management LLC purchased a new stake in shares of Csquare, Inc. (NYSE:CSQR) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 10,394 shares of the company’s stock, valued at approximately $164,000.

About Csquare

Csquare Inc. is a provider of carrier-neutral data center solutions. The company’s digital infrastructure platform offers carrier-neutral colocation and interconnection services which support the applications. Csquare Inc. is based in COPPELL, Texas.