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 |
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
PHOENIX, AZ / ACCESSWIRE / September 26, 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 highly anticipated NetSapiens® Platform User Group Meeting (UGM) has surpassed all records of participation and officially sold out all its sponsorships. This year's event has attracted the highest number of sponsors, partners and attendees in its history, underscoring the unparalleled growth and momentum of the NetSapiens s
PHOENIX, AZ / ACCESSWIRE / August 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 their schedule for upcoming investor conferences.Crexendo will discuss with investors its surge in usage to 5 million users, its consecutive string of GAAP profitable quarters, its top-rated customer service and its award-winning disruptive technology.UPCOMING CONFERENCESH.C. Wainwright 26th Annual Global Investment ConferenceSeptember
PHOENIX, AZ / ACCESSWIRE / August 8, 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 a landmark achievement in its partnership with BCN, a U.S.-based technology solutions provider. Through this expanded collaboration, Crexendo has enabled BCN to more than double its IP voice platform capacity.This capacity enhancement is a direct response to the escalating demand for BCN's cloud voice solutions, which leverage Crexendo's award-winning NetSapiens® platform technology. BCN's expanded IP voic
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 30, 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 its NetSapiens Platform has been named a finalist in the Best Industry Enabler category at the prestigious 2024 Comms Council UK Awards. This recognition highlights Crexendo's commitment to driving innovation and excellence in the telecommunications industry on a global stage.The Comms Council UK Awards celebrate the very best in the communications industry, recognizing companies who have demonstrated
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
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 / 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. This milestone closely follows our recent announcement of a skyrocketing surge in users, soar
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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
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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
PHOENIX, AZ / ACCESSWIRE / August 10, 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 second quarter ended June 30, 2023.Second Quarter Financial highlights:Total revenue increased 43% year-over-year to $12.7 millionGAAP net loss of $(545,000), or $(0.02) per basic and diluted common shareNon-GAAP net income of $1.1 million, or $0.04 per basic and diluted common shareFinancial Results for the Second Quarter of 2023 (in thousands, except per share data)Consolidated t
PHOENIX, AZ / ACCESSWIRE / July 18, 2023 / Crexendo, Inc. (NASDAQ:CXDO) announced it will hold its second quarter 2023 financial results conference call on August 10, 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 435639. 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 435639. A replay of
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
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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
Gainers DZS (NASDAQ:DZSI) stock rose 33.3% to $1.8 during Wednesday's regular session. The market value of their outstanding shares is at $67.6 million. Nvni Group (NASDAQ:NVNI) shares rose 30.28% to $1.85. The company's market cap stands at $52.9 million. Veritone (NASDAQ:VERI) shares increased by 26.77% to $4.22. The company's market cap stands at $159.1 million. As per the news, the Q1 earnings report came out yesterday. Synchronoss Technologies (NASDAQ:SNCR) stock rose 25.25% to $8.61. The company's market cap stands at $88.7 million. The company's, Q1 earnings came out yesterday. Kyndryl Hldgs (NYSE:KD) shares moved upwards by 22.86% to $25.52. The company's market cap stands at $5
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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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Shares of United Natural Foods, Inc. (NYSE:UNFI) fell sharply during Wednesday’s session following second-quarter results. United Natural Foods posted adjusted earnings of 7 cents per share, compared to market estimates for a loss of 1 cent per share. The company’s quarterly sales came in at $7.78 billion, versus expectations of $7.87 billion, according to data from Benzinga Pro. United Natural Foods named Giorgio Matteo Tarditi as President and Chief Financial Officer. United Natural Foods shares dipped 15.2% to $12.61 on Wednesday. Here are some other stocks moving in today's mid-day session. Gainers Rail Vision Ltd. (NASDAQ:RVSN) shares jumped 115.2% to $4.24. Rail Vision announc
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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