Csquare (NYSE:CSQR) Issues Earnings Results

Csquare (NYSE:CSQR) posted its quarterly earnings data on Monday. The company reported ($0.58) EPS for the quarter, FiscalAI reports. The business had revenue of $302.33 million for the quarter.

Csquare Stock Performance

CSQR stock traded up $0.86 during mid-day trading on Monday, hitting $15.20. The company had a trading volume of 2,090,522 shares, compared to its average volume of 1,641,635. Csquare has a 12 month low of $12.30 and a 12 month high of $23.50. The firm’s fifty day moving average is $16.76.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. BMO Capital Markets began coverage on Csquare in a research note on Monday, August 10th. They issued an “outperform” rating and a $26.00 target price on the stock. Wells Fargo & Company initiated coverage on Csquare in a report on Monday, August 10th. They issued an “overweight” rating and a $25.00 target price for the company. Jefferies Financial Group raised Csquare to a “strong-buy” rating in a research report on Friday, August 14th. Morgan Stanley started coverage on Csquare in a report on Monday, August 10th. They set an “overweight” rating and a $26.00 price target on the stock. Finally, Bank of America started coverage on Csquare in a research report on Monday, August 10th. They issued a “buy” rating and a $46.00 price objective on the stock. Three research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Csquare has an average rating of “Moderate Buy” and a consensus price target of $28.44.

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.