
Crexendo, Inc. (CXDO) Stock Forecast & Price Target
Crexendo, Inc. (CXDO) Analyst Ratings
Bulls say
Crexendo Inc. has demonstrated robust growth in its backlog, experiencing a year-over-year increase of 34% to reach $85.6 million, indicating strong demand for its cloud telecommunications and software solutions. The company's solid execution and management's target of over 10% growth in 2025 have led to increased revenue estimates for the upcoming year, projecting a sales growth of 10.2%. Additionally, international revenue is on the rise, contributing to an overall positive outlook, with EBITDA and pro forma EPS projections reflecting slight enhancements aligned with these growth trends.
Bears say
Crexendo's revenue growth, primarily driven by its Software Solutions segment, has shown signs of slowing, with a decrease from a +35% year-over-year growth rate in 2Q24 to +25% in 3Q24. Despite maintaining a gross margin of 60.9%, increased overhead expenses have negatively impacted operating income and adjusted EBITDA, resulting in a $300,000 decline. Moreover, potential execution challenges in the company's restructuring efforts, coupled with economic weaknesses that could adversely affect customer financial stability, raise concerns about future performance and profitability.
This aggregate rating is based on analysts' research of Crexendo, Inc. and is not a guaranteed prediction by Public.com or investment advice.
Crexendo, Inc. (CXDO) Analyst Forecast & Price Prediction
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