Crexendo (CXDO) Expected to Announce Quarterly Earnings on Tuesday

Crexendo (NASDAQ:CXDO) will likely be posting its quarterly earnings results after the market closes on Tuesday, March 4th. Analysts expect Crexendo to post earnings of $0.05 per share and revenue of $15.64 million for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Crexendo Trading Down 4.2 %

CXDO opened at $6.61 on Tuesday. The stock has a fifty day simple moving average of $5.66 and a two-hundred day simple moving average of $5.29. The company has a market cap of $176.62 million, a price-to-earnings ratio of 220.41 and a beta of 1.11. Crexendo has a 12-month low of $2.92 and a 12-month high of $7.09.

Insider Transactions at Crexendo

In other news, CTO David Tzat-Kin Wang sold 12,293 shares of the firm’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $5.15, for a total transaction of $63,308.95. Following the sale, the chief technology officer now owns 443,079 shares of the company’s stock, valued at $2,281,856.85. This trade represents a 2.70 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jeffrey G. Korn sold 7,000 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $5.25, for a total transaction of $36,750.00. Following the sale, the chief executive officer now owns 249,730 shares of the company’s stock, valued at approximately $1,311,082.50. This represents a 2.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 131,960 shares of company stock valued at $653,627. Insiders own 56.20% of the company’s stock.

Institutional Investors Weigh In On Crexendo

A hedge fund recently raised its stake in Crexendo stock. Bank of America Corp DE grew its position in Crexendo, Inc. (NASDAQ:CXDO) by 71.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,174 shares of the company’s stock after purchasing an additional 2,578 shares during the period. Bank of America Corp DE’s holdings in Crexendo were worth $32,000 at the end of the most recent quarter. Institutional investors own 9.53% of the company’s stock.

Wall Street Analyst Weigh In

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

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.