Crexendo (CXDO) Expected to Announce Quarterly Earnings on Tuesday

Crexendo (NASDAQ:CXDO) is projected to announce its earnings results after the market closes on Tuesday, March 4th. Analysts expect the company to announce earnings of $0.05 per share and revenue of $15.64 million for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Crexendo Stock Performance

Crexendo stock opened at $6.20 on Friday. The business’s 50-day simple moving average is $5.76 and its two-hundred day simple moving average is $5.33. The company has a market cap of $165.63 million, a PE ratio of 206.74 and a beta of 1.11. Crexendo has a fifty-two week low of $2.92 and a fifty-two week high of $7.09.

Analysts Set New Price Targets

Separately, D. Boral Capital started coverage on Crexendo in a research note on Tuesday, January 21st. They set a “buy” rating and a $7.00 price target on the stock.

Insider Buying and Selling at Crexendo

In other news, CEO Jeffrey G. Korn sold 7,000 shares of the company’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $5.25, for a total value of $36,750.00. Following the sale, the chief executive officer now owns 249,730 shares in the company, valued at $1,311,082.50. This represents a 2.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO David Tzat-Kin Wang sold 106,667 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $4.90, for a total value of $522,668.30. Following the completion of the sale, the chief technology officer now owns 443,079 shares in the company, valued at $2,171,087.10. The trade was a 19.40 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 131,960 shares of company stock worth $653,627. 56.20% of the stock is currently owned by insiders.

Institutional Trading of Crexendo

A hedge fund recently raised its stake in Crexendo stock. Bank of America Corp DE increased its holdings in Crexendo, Inc. (NASDAQ:CXDO) by 71.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,174 shares of the company’s stock after purchasing an additional 2,578 shares during the quarter. Bank of America Corp DE’s holdings in Crexendo were worth $32,000 at the end of the most recent reporting period. 9.53% of the stock is currently owned by institutional investors.

Crexendo Company Profile

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.