Crexendo (CXDO) Scheduled to Post Quarterly Earnings on Wednesday

Crexendo (NASDAQ:CXDO - Get Free Report) will be announcing its earnings results after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of $0.05 per share for the quarter. Persons that are interested in participating in the company's earnings conference call can do so using this link.

Crexendo (NASDAQ:CXDO - Get Free Report) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.04 by $0.01. The company had revenue of $14.69 million for the quarter, compared to analyst estimates of $14.18 million. Crexendo had a net margin of 4.89% and a return on equity of 12.86%. On average, analysts expect Crexendo to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Crexendo Price Performance

Shares of NASDAQ:CXDO traded up $0.16 during trading on Wednesday, reaching $5.78. The company had a trading volume of 50,240 shares, compared to its average volume of 171,825. The firm's fifty day moving average is $4.96 and its 200 day moving average is $4.22. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.04 and a current ratio of 2.10. The firm has a market capitalization of $154.41 million, a PE ratio of 62.44 and a beta of 1.18. Crexendo has a twelve month low of $1.58 and a twelve month high of $7.59.

Wall Street Analysts Forecast Growth

Separately, B. Riley raised their price objective on shares of Crexendo from $5.75 to $6.00 and gave the stock a "buy" rating in a research note on Wednesday, August 7th.

Insider Buying and Selling

In other news, COO Douglas Walter Gaylor sold 30,000 shares of the company's stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $6.00, for a total value of $180,000.00. Following the sale, the chief operating officer now directly owns 219,083 shares in the company, valued at approximately $1,314,498. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, insider Anand Buch sold 20,501 shares of the firm's stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $4.91, for a total value of $100,659.91. Following the transaction, the insider now owns 548,139 shares of the company's stock, valued at approximately $2,691,362.49. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Douglas Walter Gaylor sold 30,000 shares of the company's stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $6.00, for a total transaction of $180,000.00. Following the completion of the transaction, the chief operating officer now owns 219,083 shares of the company's stock, valued at $1,314,498. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 137,903 shares of company stock valued at $725,862 over the last quarter. Corporate insiders own 56.20% of the company's stock.

About Crexendo

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.