Csquare, Inc. (NYSE:CSQR – Get Free Report)’s share price traded up 16.1% during mid-day trading on Tuesday after TD Cowen raised their price target on the stock from $28.00 to $30.00. TD Cowen currently has a buy rating on the stock. Csquare traded as high as $17.92 and last traded at $17.73. Approximately 706,785 shares changed hands during trading, a decline of 57% from the average session volume of 1,639,064 shares. The stock had previously closed at $15.27.
Several other analysts have also weighed in on the stock. Wells Fargo & Company began coverage on shares of Csquare in a research note on Monday, August 10th. They issued an “overweight” rating and a $25.00 price objective for the company. Scotiabank upgraded shares of Csquare to a “strong-buy” rating in a research report on Wednesday, August 19th. Sanford C. Bernstein reissued an “outperform” rating and set a $28.00 target price on shares of Csquare in a research note on Tuesday. Bank of America restated a “buy” rating on shares of Csquare in a report on Tuesday. Finally, Jefferies Financial Group raised shares of Csquare to a “strong-buy” rating in a research note on Friday, August 14th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $28.78.
View Our Latest Stock Analysis on Csquare
Key Stories Impacting Csquare
Here are the key news stories impacting Csquare this week:
- Positive Sentiment: Q3 revenue rose 25.6% year over year to $302.3 million, beating the reported $287.1 million estimate. Gross profit also increased to $160.3 million. Q3 earnings details
- Positive Sentiment: Csquare reported record bookings of $66.1 million and a 14th consecutive quarter of sequential bookings growth, pointing to sustained demand and continued customer deployments. Q3 results and business highlights
- Positive Sentiment: FY 2026 revenue guidance is $1.1 billion–$1.2 billion, versus analyst consensus of $1.1 billion; the upper end offers potential upside to expectations.
- Negative Sentiment: Q3 loss per share of $0.58 was worse than the $0.49 consensus loss, and the loss widened from $0.29 per share a year earlier. Operating loss was $14.6 million and net loss attributable to common shareholders was $88.1 million. Q3 earnings results
- Negative Sentiment: Capital spending was substantial: purchases of property, plant and equipment totaled $164.6 million, compared with $69.7 million in cash generated from operations, keeping attention on investment needs and cash resources. Q3 financial details
Csquare Trading Up 15.1%
The stock’s 50-day simple moving average is $16.68.
Csquare (NYSE:CSQR – Get Free Report) last announced its quarterly earnings results on Monday, November 9th. The company reported ($0.58) EPS for the quarter, missing analysts’ consensus estimates of ($0.49) by ($0.09). The business had revenue of $302.33 million for the quarter. During the same quarter last year, the firm posted ($0.29) earnings per share. The firm’s revenue for the quarter was up 25.6% on a year-over-year basis. Equities research analysts anticipate that Csquare, Inc. will post -1.73 earnings per share for the current year.
Csquare Company Profile
Csquare Inc is a provider of carrier-neutral data center solutions. The company’s digital infrastructure platform offers carrier-neutral colocation and interconnection services which support the applications. Csquare Inc is based in COPPELL, Texas.
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