Crexendo (NASDAQ:CXDO) Posts Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Crexendo (NASDAQ:CXDO) announced its earnings results on Tuesday. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.03, FiscalAI reports. Crexendo had a return on equity of 14.34% and a net margin of 5.31%. The firm had revenue of $25.18 million for the quarter, compared to analyst estimates of $25.18 million.

Crexendo Price Performance

Shares of NASDAQ:CXDO traded up $0.09 during trading on Tuesday, reaching $5.76. The stock had a trading volume of 258,286 shares, compared to its average volume of 351,367. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.98 and a current ratio of 2.06. The business has a fifty day moving average price of $5.89 and a 200-day moving average price of $6.87. The stock has a market cap of $192.21 million, a PE ratio of 41.14 and a beta of 1.15. Crexendo has a 1-year low of $5.35 and a 1-year high of $11.23.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Crexendo in a report on Friday. B. Riley Financial reduced their price objective on shares of Crexendo from $10.00 to $9.00 and set a “buy” rating for the company in a research report on Wednesday, August 5th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Crexendo has an average rating of “Moderate Buy” and an average target price of $10.50.

Insider Buying and Selling

In other Crexendo news, CTO David Wang sold 25,000 shares of the firm’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $6.50, for a total value of $162,500.00. Following the transaction, the chief technology officer owned 534,747 shares in the company, valued at approximately $3,475,855.50. This trade represents a 4.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 34.00% of the company’s stock.

About Crexendo

Crexendo, Inc is a provider of cloud-based communications and technology services. The company offers unified communications as a service, business voice and messaging solutions, video conferencing, contact center capabilities, and related communications tools designed for small and medium-sized businesses, enterprises, and service providers.

Crexendo also provides a communications software platform through its NetSapiens business. The platform supports hosted voice, unified communications, contact center, and application programming interface services, enabling telecommunications providers and channel partners to deliver branded communications solutions to their customers.

Founded in 1995 and headquartered in Arizona, Crexendo serves customers primarily through direct sales, resellers, agents, and other channel partners.