Canaccord Genuity Reiterates Hold on Cbeyond Comms (CBEY)

By admin | 6 years ago

Cbeyond Comms (NASDAQ: CBEY)‘s stock had its “hold” rating reiterated by equities research analysts at Canaccord Genuity in a research note issued to investors on Thursday.

A number of other firms have also recently commented on CBEY. Analysts at DA Davidson cut their price target on shares of Cbeyond Comms to $7.00 in a research note to investors on Thursday. Separately, analysts at Collins Stewart cut their price target on shares of Cbeyond Comms to $8.00 in a research note to investors on Thursday, March 8th. Finally, analysts at Collins Stewart reiterated a “neutral” rating on shares of Cbeyond Comms in a research note to investors on Tuesday, February 21st. They now have a $11.00 price target on the stock.

Cbeyond Comms traded down 1.21% on Thursday, hitting $6.53. Cbeyond Comms has a 1-year low of $5.75 and a 1-year high of $14.74. The company’s market cap is $189.8 million.

The company last announced its quarterly results on Wednesday, May 2nd. It reported ($0.04) earnings per share (EPS) for the previous quarter, missing the Thomson Reuters consensus estimate of ($0.03) EPS by $0.01. The company’s quarterly revenue was up 4.1% on a year-over-year basis. Analysts expect that Cbeyond Comms will post $-0.03 EPS next quarter.

Cbeyond, Inc. (Cbeyond) provides managed communications and information technology (IT), services to its target market of small businesses in select large metropolitan areas across the United States.

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