Csquare, Inc. (NYSE:CSQR – Get Free Report)’s share price crossed above its fifty day moving average during trading on Tuesday after the company announced better than expected quarterly earnings. The stock has a fifty day moving average of $16.64 and traded as high as $18.34. Csquare shares last traded at $17.50, with a volume of 6,628,462 shares traded.
The company reported ($0.58) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.49) by ($0.09). The company had revenue of $302.33 million for the quarter. The business’s quarterly revenue was up 25.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.29) EPS.
More Csquare News
Here are the key news stories impacting Csquare this week:
- Positive Sentiment: Third-quarter revenue rose 25.6% year over year to $302.3 million, topping the reported $287.1 million estimate. Csquare also reported record bookings of $66.1 million, its 14th consecutive quarter of sequential growth. Csquare third-quarter results
- Positive Sentiment: Csquare guided to fiscal 2026 revenue of $1.1 billion to $1.2 billion, with the range’s upper end above the cited $1.1 billion consensus estimate. Csquare third-quarter results
- Positive Sentiment: TD Cowen raised its price target from $28 to $30 and maintained a Buy rating, signaling continued analyst optimism. TD Cowen rating
- Neutral Sentiment: Short interest increased 69.9% between October 15 and October 30, reaching about 9.4 million shares, or 5.6% of shares. This could amplify volatility, though it may also create potential for short-covering.
- Negative Sentiment: Adjusted for the quarter’s reported figures, Csquare lost $0.58 per share, missing the cited $0.49 consensus loss; the loss also widened from $0.29 per share a year earlier. The company reported an $88.1 million net loss attributable to common shareholders and $164.6 million in property and equipment purchases. Csquare Q3 earnings details
Analyst Upgrades and Downgrades
CSQR has been the topic of several research reports. Royal Bank Of Canada began coverage on shares of Csquare in a report on Monday, August 10th. They issued an “outperform” rating and a $24.00 price objective on the stock. Wells Fargo & Company began coverage on Csquare in a research note on Monday, August 10th. They issued an “overweight” rating and a $25.00 price target for the company. Sanford C. Bernstein reiterated an “outperform” rating and set a $28.00 price objective on shares of Csquare in a research note on Tuesday. Bank of America reaffirmed a “buy” rating on shares of Csquare in a report on Tuesday. Finally, Zacks Research upgraded Csquare to a “hold” rating in a research note on Thursday, August 20th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $28.78.
Check Out Our Latest Report on Csquare
Institutional Inflows and Outflows
A hedge fund recently bought a new position in Csquare stock. Voya Investment Management LLC purchased a new position in Csquare, Inc. (NYSE:CSQR – Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,394 shares of the company’s stock, valued at approximately $164,000.
Csquare Price Performance
The business has a fifty day moving average of $16.64.
About Csquare
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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