Core Insights - Crexendo (CXDO) shares increased by 11.3% to close at $6.98, supported by strong trading volume, and have gained 11% over the past four weeks [1] - The company is experiencing robust organic growth, particularly in its Software Solutions segment, which reported a 25% increase in Q3 2024, alongside a growing customer base transitioning from competitors like Cisco and Microsoft [2] - Crexendo is expected to report quarterly earnings of $0.05 per share, reflecting a year-over-year decline of 16.7%, while revenues are projected to be $15.66 million, up 10.6% from the previous year [3] - The consensus EPS estimate for Crexendo has remained stable over the last 30 days, indicating that stock price movements may not sustain without trends in earnings estimate revisions [4] Company Performance - Crexendo's strong performance is attributed to its expanding international presence, with new business wins in Australia and Africa [2] - The stock currently holds a Zacks Rank of 3 (Hold), suggesting a neutral outlook [4] Industry Context - Crexendo operates within the Zacks Internet - Services industry, which includes other companies like Sprout Social (SPT), which recently closed down 2.2% and has seen a return of -10.5% over the past month [4] - Sprout Social's consensus EPS estimate has remained unchanged at $0.15, representing a significant year-over-year increase of 650%, but it currently holds a Zacks Rank of 4 (Sell) [5]
Crexendo (CXDO) Surges 11.3%: Is This an Indication of Further Gains?