Added to YB: 2024-10-03
Pitch date: 2024-10-03
CXDO [bullish]
Crexendo, Inc.
+23.11%
current return
Author Info
Northeastern University Student Value Fund is the premier investment fund at Northeastern University. Visit their website.
Company Info
Crexendo, Inc. provides cloud communication platform and services, video collaboration, and managed IT services for businesses in the United States and internationally.
Market Cap
$138.7M
Pitch Price
$4.50
Price Target
N/A
Dividend
N/A
Sector
IT Services
Category
growth
Crexendo (CXDO) Poised for Market Share Gains with Competitor Exit and Cloud Savings
CXDO: UCaaS provider poised for market share gains as Microsoft & Cisco exit. Oracle Cloud migration to save $1M+/yr. Strong balance sheet (13.6M cash, minimal debt) enables M&A strategy (1-2/yr). Risks: high PE multiples delay M&A, potential equity dilution. 74% subscription revenue, growing 2x industry avg.
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