Crexendo, Inc. provides cloud communication, unified communications as a service, call center, collaboration, and other cloud business services for businesses in the United States, Canada, and internationally. It operates in two segments, Cloud Telecommunications and Web Services. 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 resells broadband Internet services. This segment is also involved in the sale and lease of cloud telecommunications equipment. In addition, it offers hardware, software, and unified communication solutions for businesses using IP or cloud technology over high-speed internet connection through various devices and user interfaces, such as desktop phones and/or mobile, and desktop applications under the Crexendo brand name. The Web Services segment provides website hosting and other professional services. The company was formerly known as iMergent, Inc. and changed its name to Crexendo, Inc. in May 2011. Crexendo, Inc. was incorporated in 1995 and is headquartered in Tempe, Arizona.
IPO Year:
Exchange: NASDAQ
Website: crexendo.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/8/2024 | $6.75 → $5.75 | Neutral → Buy | B. Riley Securities |
| 1/31/2024 | $4.50 → $6.75 | Buy → Neutral | B. Riley Securities |
| 9/27/2022 | $4.00 | Outperform | Northland Capital |
| 11/22/2021 | $9.00 | Buy | Lake Street |
8-K - Crexendo, Inc. (0001075736) (Filer)
10-Q - Crexendo, Inc. (0001075736) (Filer)
8-K - Crexendo, Inc. (0001075736) (Filer)
8-K - Crexendo, Inc. (0001075736) (Filer)
8-K - Crexendo, Inc. (0001075736) (Filer)
8-K - Crexendo, Inc. (0001075736) (Filer)
10-Q - Crexendo, Inc. (0001075736) (Filer)
8-K - Crexendo, Inc. (0001075736) (Filer)
8-K - Crexendo, Inc. (0001075736) (Filer)
DEF 14A - Crexendo, Inc. (0001075736) (Filer)
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B. Riley Securities upgraded Crexendo from Neutral to Buy and set a new price target of $5.75 from $6.75 previously
B. Riley Securities downgraded Crexendo from Buy to Neutral and set a new price target of $6.75 from $4.50 previously
Northland Capital initiated coverage of Crexendo with a rating of Outperform and set a new price target of $4.00
Lake Street initiated coverage of Crexendo with a rating of Buy and set a new price target of $9.00
The Only UCaaS Software Platform Ranked on the Prestigious List of North America's Fastest-Growing Companies PHOENIX, AZ / ACCESSWIRE / November 21, 2024 / Crexendo®, Inc. (NASDAQ:CXDO), an award-winning software technology company that is a premier provider of cloud communication platform software and unified communication as service (UCaaS) offerings, including voice, video, contact center, and managed IT services tailored to businesses of all sizes, today announced it was named one of the fastest growing companies in North America on the Deloitte Technology Fast 500™, a ranking of the fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies
PHOENIX, AZ / ACCESSWIRE / November 18, 2024 / Crexendo®, Inc. (NASDAQ:CXDO), an award-winning software technology company that is a premier provider of cloud communication platform software and unified communication as service (UCaaS) offerings, including voice, video, contact center, and managed IT services tailored to businesses of all sizes, is proud to announce that its NetSapiens platform has been honored with the 2024 Generative AI Expo Product of the Year Award by TMC, a global, integrated media company. This award recognizes cutting-edge innovation in generative AI technology and its impact on cloud communications.Crexendo's NetSapiens platform, which boasts well over 5 million user
PHOENIX, AZ / ACCESSWIRE / November 12, 2024 / Crexendo®, Inc. (NASDAQ:CXDO), an award-winning software technology company that is a premier provider of cloud communication platform software and unified communication as service (UCaaS) offerings, including voice, video, contact center, and managed IT services tailored to businesses of all sizes, today announced that Akabis has selected Crexendo's NetSapiens Platform as its next-generation solution to replace their Microsoft Metaswitch platform following Microsoft's recent end-of-life (EOL) announcement for its Max-UC solution.In this time of disruption, many service providers are actively seeking trusted partners to support their migration f
PHOENIX, AZ / ACCESSWIRE / November 6, 2024 / Crexendo, Inc. (NASDAQ:CXDO), an award-winning software technology company that is a premier provider of cloud communication platform and services, video collaboration and managed IT services tailored to businesses of all sizes, today announced financial results for the third quarter ended September 30, 2024.Financial highlights:Revenue of $15.6 million, up 13% year-over-yearNet income of $0.1 million, or $0.01 per basic common share and $0.00 per diluted common share.Non-GAAP net income of $1.6 million, or $0.06 per basic and diluted common shareFinancial Results for the Third quarter of 2024Total Revenue: Consolidated total revenue for the thir
PHOENIX, AZ / ACCESSWIRE / October 30, 2024 / Crexendo®, Inc. (NASDAQ:CXDO), an award-winning software technology company that is a premier provider of cloud communication platform software and unified communication as service (UCaaS) offerings, including voice, video, contact center, and managed IT services tailored to businesses of all sizes, wrapped up its most successful Codefest to date as part of its annual User Group Meeting in Nashville, TN. The highly anticipated event saw unprecedented participation, with 16 groundbreaking entries from developers and partners showcasing innovative solutions built on Crexendo's NetSapiens Platform open API framework, focused heavily on AI-driven adv
PHOENIX, AZ / ACCESSWIRE / October 22, 2024 / Crexendo®, Inc. (NASDAQ:CXDO), an award-winning software technology company that is a premier provider of cloud communication platform software and unified communication as service (UCaaS) offerings, including voice, video, contact center, and managed IT services tailored to businesses of all sizes, today announced that general sessions of its highly anticipated NetSapiens® Platform User Group Meeting (UGM) begins today in Nashville, Tennessee. This year's sold-out event takes place from October 21st through October 24th, and brings together the highest number of overall attendees, Partners and sponsors in its history,The 2024 User Group Meeting
PHOENIX, AZ / ACCESSWIRE / October 18, 2024 / Crexendo, Inc. (NASDAQ:CXDO) announced it will hold its third quarter 2024 financial results conference call on November 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.The dial-in number for domestic participants is 888-506-0062 and 973-528-0011 for international participants and reference participant access code 993699. Please dial in five minutes prior to the beginning of the call at 4:30 PM ET and reference the Crexendo earnings call and access code 993699. A replay of
PHOENIX, AZ / ACCESSWIRE / October 17, 2024 / Crexendo®, Inc. (NASDAQ:CXDO), an award-winning software technology company that is a premier provider of cloud communication platform software and unified communication as service (UCaaS) offerings, including voice, video, contact center, and managed IT services tailored to businesses of all sizes, is excited to announce SNOM, a global innovator in professional and enterprise-grade VoIP solutions, as the official event sponsor for the upcoming NetSapiens Platform User Group Meeting (UGM) 2024. The event will take place from October 21st to 24th in Nashville, TN.The Crexendo NetSapiens UGM is an annual gathering of service providers, partners, an
PHOENIX, AZ / ACCESSWIRE / October 8, 2024 / Crexendo ® , Inc. (NASDAQ:CXDO), an award-winning software technology company that is a premier provider of cloud communication platform software and unified communication as service (UCaaS) offerings, including voice, video, contact center, and managed IT services tailored to businesses of all sizes, today announced its partnership with Symbio, a subsidiary of Aussie Broadband Group (ASX: ABB ), to launch AdvancedPBX, a groundbreaking cloud based communications solution. This innovative solution is built on Crexendo's NetSapiens platform which recently surpassed 5 million global users and is the third largest, and fastest growing software platfor
PHOENIX, AZ / ACCESSWIRE / October 1, 2024 / Crexendo®, Inc. (NASDAQ:CXDO), an award-winning software technology company that is a premier provider of cloud communication platform software and unified communication as service (UCaaS) offerings, including voice, video, contact center, and managed IT services tailored to businesses of all sizes, today announced that its AI-powered cloud business communications platform has been recognized for outstanding usability and superior customer satisfaction in G2's Fall 2024 Reports for VoIP, UCaaS, and Customer Communications Management. G2.com is the leading business software review website where end users can research and select solutions reviewed a
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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. G2.com is the leading business software review website where users research and select solutions reviewed a
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.Over the course of 11 years at Ring Central, Tim established himself as a formidable leader in shaping customer en
PHOENIX, AZ / ACCESSWIRE / March 21, 2023 / Crexendo, Inc. (NASDAQ:CXDO) ("Crexendo" or the "Company"), a premier platform and provider of cloud communication services, video collaboration and managed IT services, has appointed Gateway Investor Relations, a leading strategic financial communications and capital markets advisory firm, to manage its expanded investor relations program initiatives, including providing corporate messaging and other consulting services to the Company.Gateway has begun working with Crexendo management to develop and deploy a comprehensive outreach and communications program. Activities will include but are not limited to: refining overall company and investment-or
PHOENIX, AZ / ACCESSWIRE / March 14, 2023, Crexendo, Inc. (NASDAQ:CXDO) is 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. Our solutions currently support over three million end users globally. Crexendo announced today that Jeffrey ("Jeff") G. Korn has been appointed as Chief Executive Officer, effective immediately. In keeping with the Company's long-term management transition plan, previous CEO Steven ("Steve") G. Mihaylo has retired from his position and will retain his seat on the Board as Executive Chairman.Korn has spent over 20 years at
PHOENIX, AZ / ACCESSWIRE / November 6, 2024 / Crexendo, Inc. (NASDAQ:CXDO), an award-winning software technology company that is a premier provider of cloud communication platform and services, video collaboration and managed IT services tailored to businesses of all sizes, today announced financial results for the third quarter ended September 30, 2024.Financial highlights:Revenue of $15.6 million, up 13% year-over-yearNet income of $0.1 million, or $0.01 per basic common share and $0.00 per diluted common share.Non-GAAP net income of $1.6 million, or $0.06 per basic and diluted common shareFinancial Results for the Third quarter of 2024Total Revenue: Consolidated total revenue for the thir
PHOENIX, AZ / ACCESSWIRE / October 18, 2024 / Crexendo, Inc. (NASDAQ:CXDO) announced it will hold its third quarter 2024 financial results conference call on November 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.The dial-in number for domestic participants is 888-506-0062 and 973-528-0011 for international participants and reference participant access code 993699. Please dial in five minutes prior to the beginning of the call at 4:30 PM ET and reference the Crexendo earnings call and access code 993699. A replay of
PHOENIX, AZ / ACCESSWIRE / August 6, 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 second quarter ended June 30, 2024.Financial highlights:Revenue of $14.7 million, up 16% year-over-yearNet income of $0.6 million, up 220% year-over-yearNon-GAAP net income of $2.1 million, up 91% year-over-yearEPS of $0.02 per basic and diluted common share, up 200% year-over-yearNon-GAAP EPS of $0.08 per basic and $0.07 per diluted common share, up 100% and 75%, respectively year-
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.The dial-in number for domestic participants is 888-506-0062 and 973-528-0011 for international participants and reference participant access code 595520. Please dial in five minutes prior to the beginning of the call at 4:30 PM ET and reference the Crexendo earnings call and access code 595520. A replay of the
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 millionGAAP net income of $434,000, or $0.02 per basic common share and $0.01 per diluted common shareNon-GAAP net income of $1.9 million, or $0.07 per basic common share and $0.06 per diluted common shareFinancial Results for the First Quarter of 2024Total Revenue:
PHOENIX, AZ / ACCESSWIRE / April 23, 2024 / Crexendo, Inc. (NASDAQ:CXDO) announced it will hold its first quarter 2024 financial results conference call on May 7, 2024, at 4:30 PM EST. 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.The dial-in number for domestic participants is 888-506-0062 and 973-528-0011 for international participants and reference participant access code 203352. Please dial in five minutes prior to the beginning of the call at 4:30 PM EST and reference the Crexendo earnings call and access code 203352. A replay of the
PHOENIX, AZ / ACCESSWIRE / March 5, 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 fourth quarter and fiscal year ended December 31, 2023.Financial highlights:Total revenue for the year increased 42% year-over-year to $53.2 million.GAAP net loss for the year of $(0.4) million and non-GAAP net income for the year of $6.6 million.Fourth quarter revenue increased 24% year-over-year to $14.2 million.Fourth quarter GAAP net income of $0.1 million and fourth quarter non-
PHOENIX, AZ / ACCESSWIRE / February 15, 2024 / Crexendo, Inc. (NASDAQ:CXDO) announced it will hold its fourth quarter and year-end 2023 financial results conference call on March 5, 2024, at 4:30 PM EST. 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.The dial-in number for domestic participants is 888-506-0062 and 973-528-0011 for international participants and reference participant access code 368763. Please dial in five minutes prior to the beginning of the call at 4:30 PM EST and reference the Crexendo earnings call and access code 36876
PHOENIX, AZ / ACCESSWIRE / November 9, 2023 / 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 third quarter ended September 30, 2023.Third Quarter Financial highlights:Total revenue increased 52% year-over-year to $13.9 millionGAAP net income of $1.7 million, or $0.07 per basic common share and $0.06 per diluted common shareNon-GAAP net income of $3.3 million, or $0.13 per basic common share and $0.12 per diluted common shareFinancial Results for the Third Quarter of 2023
PHOENIX, AZ / ACCESSWIRE / October 26, 2023 / Crexendo, Inc. (NASDAQ:CXDO) announced it will hold its third quarter 2023 financial results conference call on November 9, 2023, at 4:30 PM EST. 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.The dial-in number for domestic participants is 888-506-0062 and 973-528-0011 for international participants and reference participant access code 305599. Please dial in five minutes prior to the beginning of the call at 4:30 PM EST and reference the Crexendo earnings call and access code 305599. A replay
The Dow Jones index closed slightly higher on Friday. When insiders purchase or sell shares, it indicates their confidence or concern around the company’s prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision. Below is a look at a few recent notable insider transactions for penny stocks. For more, check out Benzinga’s insider transactions platform. Crexendo The Trade: Crexendo, Inc. (NASDAQ:CXDO) Chief Revenue Officer Jon Brinton bought a total of 1,000 shares at an average price of $3.51. To acquire these shares, it cost around $3,510. What's Happening: On May 7, Crexendo posted upbeat quarterly re
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B. Riley Securities analyst Josh Nichols upgrades Crexendo (NASDAQ:CXDO) from Neutral to Buy and lowers the price target from $6.75 to $5.75.
Crexendo (NASDAQ:CXDO) reported quarterly earnings of $0.06 per share which beat the analyst consensus estimate of $0.05 by 20 percent. This is a 200 percent increase over earnings of $0.02 per share from the same period last year. The company reported quarterly sales of $14.286 million which beat the analyst consensus estimate of $14.069 million by 1.54 percent. This is a 14.37 percent increase over sales of $12.491 million the same period last year.
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Lake Street analyst Eric Martinuzzi maintains Crexendo (NASDAQ:CXDO) with a Buy and raises the price target from $5.5 to $7.
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