Crexendo
CXDO

$3.98

0.76%

Market Cap: 106M

About: Crexendo Inc is a provider of cloud communications, UCaaS, call centers, collaboration services, and other cloud business services. The company operates through two segments: Cloud telecommunications and Software Solutions. Its cloud telecommunications segment offers hardware, software, and unified communication solutions for businesses using IP or cloud technology over any high-speed Internet connection. The Software Solutions segment is involved in revenue generation from software licenses, software maintenance support and professional services. It generates subscription and maintenance support revenue from customer support and other supportive services. The company offers warranties on its products. It derives a majority of revenue from the Cloud telecommunications segment.

Employees: 182

Communication Services Telephone Communications, Except Radiotelephone

0

Funds holding %

of 6,702 funds

0

Analysts bullish %

of 4 analysts

0

News positive %

of 3 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

91% more first-time investments, than exits

New positions opened: 21 | Existing positions closed: 11

50% more repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 8

32% more capital invested

Capital invested by funds: $12.2M [Q4 2023] → $16.1M (+$3.92M) [Q1 2024]

27% more funds holding

Funds holding: 37 [Q4 2023] → 47 (+10) [Q1 2024]

21% more call options, than puts

Call options by funds: $618K | Put options by funds: $512K

3.09% more ownership

Funds ownership: 9.62% [Q4 2023] → 12.72% (+3.09%) [Q1 2024]

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Research analyst outlook

4 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target

$5.75

44%

upside

Avg. target

$6.56

65%

upside

High target

$7

76%

upside

4 analyst ratings

2 positive

50%

2 neutral

50%

0 negative

0%

B. Riley Securities Josh Nichols	44%upside $5.75	Buy Upgraded	8 May 2024
Lake Street Eric Martinuzzi	76%upside $7	Buy Maintained	6 Mar 2024
B. Riley Securities Josh Nichols	70%upside $6.75	Neutral Reiterated	6 Mar 2024
B. Riley Securities Josh Nichols	70%upside $6.75	Neutral Downgraded	31 Jan 2024

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Financial journalist opinion

Based on 3 articles about CXDO published over the past 30 days

Crexendo, Inc. to Issue Second Quarter 2024 Financial Results on August 6, 2024, at 4:30 PM ET

PHOENIX, AZ / ACCESSWIRE / July 16, 2024 / Crexendo, Inc. (NASDAQ:CXDO) announced it will hold its second quarter 2024 financial results conference call on August 6, 2024, at 4:30 PM ET. Jeff Korn, Chief Executive Officer, Doug Gaylor, President and Chief Operating Officer and Ron Vincent, Chief Financial Officer, will deliver prepared remarks and conduct a question-and-answer session.

Crexendo, Inc. to Issue Second Quarter 2024 Financial Results on August 6, 2024, at 4:30 PM ET

Crexendo(R) Honored for Outstanding Platform Usability and Exceptional Customer Relationships in G2's Summer 2024 Reports

The company retained its position as a top trending provider for VoIP, UCaaS, and CCaaS, by real verified customers. PHOENIX, AZ / ACCESSWIRE / July 10, 2024 / Crexendo®, Inc. (NASDAQ:CXDO), an award-winning premier provider of cloud communication platforms and services, video collaboration and managed IT services designed to provide enterprise-class cloud solutions to any size business, today announced that it has been recognized for outstanding platform usability and exceptional customer satisfaction in G2's Summer 2024 Reports for VoIP, UCaaS, and Customer Communications Management.

Crexendo(R) Honored for Outstanding Platform Usability and Exceptional Customer Relationships in G2's Summer 2024 Reports

Crexendo: M&A Strategy To Turbocharge Organically Increasing Cash Flows

Crexendo, Inc. is experiencing double-digit organic growth in mostly recurring revenue with operating expenses to compress, suggesting huge operating leverage potential. The company has the best-in-class product offering in a rapidly expanding industry, with a pristine balance sheet and management that focuses on shareholder value. I put the fair value of Crexendo, Inc. shares at $10, but if the acquisition strategy works as expected, I'd raise this to $15.

Crexendo: M&A Strategy To Turbocharge Organically Increasing Cash Flows

Crexendo Names Tim Wilbourn as Senior Vice President of Support and Customer Success

PHOENIX, AZ / ACCESSWIRE / June 19, 2024 / Crexendo, Inc. (NASDAQ:CXDO), an award-winning premier provider of cloud communication platforms and services, video collaboration, and managed IT services designed to provide enterprise-class cloud solutions to any size business, is excited to announce the appointment of Tim Wilbourn as the new Senior Vice President of Support and Customer Success. Mr. Wilbourn brings over a decade of expertise in customer experience and strategic leadership within the Software as a Service (SaaS) and Unified Communications as a Service (UCaaS) sectors.

Crexendo Names Tim Wilbourn as Senior Vice President of Support and Customer Success

Crexendo Secures INTERNET TELEPHONY Product of the Year Award for Fourth Consecutive Year

PHOENIX, AZ / ACCESSWIRE / June 6, 2024 / Crexendo®, Inc. (NASDAQ:CXDO), an award-winning premier provider of cloud communication platforms and services, video collaboration, and managed IT services designed to provide enterprise-class cloud solutions to any size business, today announced that the Crexendo NetSapiens software platform has received the 2024 INTERNET TELEPHONY Product of the Year Award by TMC, a global, integrated media company. "This accomplishment underscores our unwavering commitment to delivering unparalleled innovation, which I am convinced is the reason for our remarkable growth.

Crexendo Secures INTERNET TELEPHONY Product of the Year Award for Fourth Consecutive Year

Zacks Investment Research

Down -32.47% in 4 Weeks, Here's Why You Should You Buy the Dip in Crexendo (CXDO)

Crexendo (CXDO) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.

Down -32.47% in 4 Weeks, Here's Why You Should You Buy the Dip in Crexendo (CXDO)

Crexendo, Inc. (CXDO) Q1 2024 Earnings Call Transcript

Crexendo, Inc. (NASDAQ:CXDO ) Q1 2024 Earnings Conference Call May 7, 2024 4:30 PM ET Company Participants Jeff Korn - Chairman & Chief Executive Officer Jon Brinton - Chief Revenue Officer Ron Vincent - Chief Financial Officer Doug Gaylor - President & Chief Operating Officer Anand Buch - Chief Scientific Officer Conference Call Participants Mike Latimore - Northland Capital America Josh Nichols - B. Riley Eric Martinuzzi - Lake Street Chris Sakai - Singular Research Operator Greetings and welcome to the Crexendo First Quarter 2024 Earnings Call.

Crexendo, Inc. (CXDO) Q1 2024 Earnings Call Transcript

Zacks Investment Research

Here's What Key Metrics Tell Us About Crexendo (CXDO) Q1 Earnings

The headline numbers for Crexendo (CXDO) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Here's What Key Metrics Tell Us About Crexendo (CXDO) Q1 Earnings

Zacks Investment Research

Crexendo (CXDO) Q1 Earnings Match Estimates

Crexendo (CXDO) came out with quarterly earnings of $0.06 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.02 per share a year ago.

Crexendo (CXDO) Q1 Earnings Match Estimates

Crexendo Announces First Quarter 2024 Results

PHOENIX, AZ / ACCESSWIRE / May 7, 2024 / Crexendo, Inc. (NASDAQ:CXDO), an award-winning premier provider of cloud communication platform and services, video collaboration and managed IT services designed to provide enterprise-class cloud solutions to any size business, today announced financial results for the first quarter ended March 31, 2024. First Quarter Financial highlights: Total revenue increased 14% year-over-year to $14.3 million GAAP net income of $434,000, or $0.02 per basic common share and $0.01 per diluted common share Non-GAAP net income of $1.9 million, or $0.07 per basic common share and $0.06 per diluted common share Financial Results for the First Quarter of 2024 Total Revenue: Consolidated total revenue for the first quarter of 2024 increased 14%, or $1.8 million, to $14.3 million compared to $12.5 million for the first quarter of 2023.

Crexendo Announces First Quarter 2024 Results

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