Brokers Set Expectations for Crexendo, Inc.’s Q1 2025 Earnings (NASDAQ:CXDO)
Crexendo, Inc. (NASDAQ:CXDO – Free Report) – Investment analysts at Northland Capmk issued their Q1 2025 earnings estimates for Crexendo in a report issued on Wednesday, March 6th. Northland Capmk analyst M. Latimore forecasts that the company will post earnings of $0.00 per share for the quarter. The consensus estimate for Crexendo’s current full-year earnings is $0.02 per share. Northland Capmk also issued estimates for Crexendo’s Q2 2025 earnings at $0.01 EPS, Q3 2025 earnings at $0.01 EPS and Q4 2025 earnings at $0.02 EPS.
CXDO has been the topic of a number of other reports. B. Riley reissued a “neutral” rating and issued a $6.75 price objective on shares of Crexendo in a research report on Wednesday, March 6th. Lake Street Capital boosted their target price on Crexendo from $5.50 to $7.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th.
Get Our Latest Stock Report on CXDO
Crexendo Stock Performance
Crexendo stock opened at $5.99 on Monday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.69 and a quick ratio of 1.50. Crexendo has a 1-year low of $1.24 and a 1-year high of $7.59. The firm has a market capitalization of $157.42 million, a P/E ratio of -299.50 and a beta of 1.14. The company’s 50-day moving average is $5.74 and its 200 day moving average is $3.63.
Crexendo (NASDAQ:CXDO – Get Free Report) last announced its quarterly earnings results on Tuesday, March 5th. The company reported $0.04 earnings per share for the quarter, hitting the consensus estimate of $0.04. The company had revenue of $14.16 million for the quarter, compared to analysts’ expectations 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 in the previous year, the business posted $0.02 earnings per share.
Institutional Trading of Crexendo
A number of hedge funds have recently added to or reduced their stakes in CXDO. Vanguard Group Inc. increased its holdings in Crexendo by 7.3% in the fourth quarter. Vanguard Group Inc. now owns 425,310 shares of the company’s stock valued at $2,063,000 after buying an additional 28,756 shares in the last quarter. Creative Planning purchased a new position in shares of Crexendo in the 2nd quarter valued at about $1,753,000. Virtu Financial LLC acquired a new position in Crexendo in the 4th quarter worth about $145,000. Renaissance Technologies LLC boosted its position in Crexendo by 135.1% during the second quarter. Renaissance Technologies LLC now owns 59,700 shares of the company’s stock worth $105,000 after purchasing an additional 34,308 shares in the last quarter. Finally, Millennium Management LLC purchased a new position in Crexendo during the fourth quarter worth approximately $81,000. 8.77% of the stock is owned by hedge funds and other institutional investors.
About Crexendo
Crexendo, Inc provides cloud communication platform and services, video collaboration, and managed IT services for businesses in the United States, Canada, and internationally. It operates through two segments, Cloud Telecommunications 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.
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