Crexendo, Inc. (CXDO) to Issue Quarterly Dividend of $0.01 on December 8th

Crexendo, Inc. (NASDAQ:CXDOGet Rating) announced a quarterly dividend on Thursday, November 10th, Wall Street Journal reports. Stockholders of record on Monday, November 28th will be paid a dividend of 0.005 per share on Thursday, December 8th. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date of this dividend is Friday, November 25th.

Crexendo Price Performance

NASDAQ CXDO opened at $2.07 on Wednesday. The company has a fifty day moving average of $2.46 and a 200 day moving average of $2.74. Crexendo has a 1 year low of $2.03 and a 1 year high of $5.51. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.44 and a current ratio of 1.46.

Crexendo (NASDAQ:CXDOGet Rating) last posted its earnings results on Thursday, November 10th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01. The company had revenue of $9.11 million during the quarter, compared to the consensus estimate of $9.07 million. Crexendo had a negative net margin of 9.72% and a negative return on equity of 1.54%. On average, research analysts anticipate that Crexendo will post -0.06 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Northland Securities began coverage on shares of Crexendo in a research report on Tuesday, September 27th. They issued an “outperform” rating and a $4.00 price objective for the company.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Crexendo stock. Creative Planning acquired a new stake in shares of Crexendo, Inc. (NASDAQ:CXDOGet Rating) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 565,511 shares of the company’s stock, valued at approximately $1,753,000. Creative Planning owned approximately 2.51% of Crexendo at the end of the most recent quarter. Hedge funds and other institutional investors own 8.47% of the company’s stock.

About Crexendo

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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 through 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.

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