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Crexendo (CXDO) Moves 16.7% Higher: Will This Strength Last?
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Crexendo (CXDO - Free Report) shares ended the last trading session 16.7% higher at $7.40. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 24.1% gain over the past four weeks.
CXDO is riding on its expanding clientele. Its cloud communication platform’s user base has now exceeded four million globally.
This company is expected to post quarterly earnings of $0.06 per share in its upcoming report, which represents a year-over-year change of -33.3%. Revenues are expected to be $13.76 million, up 20.2% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Crexendo, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on CXDO going forward to see if this recent jump can turn into more strength down the road.
Crexendo is a member of the Zacks Internet - Services industry. One other stock in the same industry, Eventbrite (EB - Free Report) , finished the last trading session 4.7% higher at $9.17. EB has returned 17.3% over the past month.
For Eventbrite, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at -$0.05. This represents a change of -225% from what the company reported a year ago. Eventbrite currently has a Zacks Rank of #3 (Hold).
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Crexendo (CXDO) Moves 16.7% Higher: Will This Strength Last?
Crexendo (CXDO - Free Report) shares ended the last trading session 16.7% higher at $7.40. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 24.1% gain over the past four weeks.
CXDO is riding on its expanding clientele. Its cloud communication platform’s user base has now exceeded four million globally.
This company is expected to post quarterly earnings of $0.06 per share in its upcoming report, which represents a year-over-year change of -33.3%. Revenues are expected to be $13.76 million, up 20.2% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Crexendo, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on CXDO going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Crexendo is a member of the Zacks Internet - Services industry. One other stock in the same industry, Eventbrite (EB - Free Report) , finished the last trading session 4.7% higher at $9.17. EB has returned 17.3% over the past month.
For Eventbrite, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at -$0.05. This represents a change of -225% from what the company reported a year ago. Eventbrite currently has a Zacks Rank of #3 (Hold).