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Crexendo

Crexendo Inc is a provider of cloud communications, UCaaS, call centers, collaboration services, and other cloud business services. The company operates through two segments: Cloud telecommunications and Software Solutions. Its cloud telecommunications segment offers hardware, software, and unified communication solutions for businesses using IP or cloud technology over any high-speed Internet connection. The Software Solutions segment is involved in revenue generation from software licenses, software maintenance support and professional services. It generates subscription and maintenance support revenue from customer support and other supportive services. The company offers warranties on its products. It derives a majority of revenue from the Cloud telecommunications segment.

Crexendo Inc

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New York Judge Grants Trump Permission To File Motion To Dismiss Hush Money Case, Delays Sentencing

WIIM

CTXR

Citius Pharmaceuticals shares are trading lower after the company announced a 1-for-25 reverse stock split.

The S&amp;P 500 index is wrapping up a historic two-year run of consecutive over 20% gains, a feat achieved only four times in the past 150 years. Yet, Michael Hartnett, chief investment strategist at Bank of America, says the party <a href="https://www.benzinga.com/markets">may not last forever. </a>
According to Hartnett&#8217;s latest Flow Show report, published Friday, the U.S. equity market is poised for another &#8220;double-digit move&#8221; in 2025 — though investors shouldn't rule out the possibility of a second wave of inflation that could derail the bull market.
The Bank of America&#8217;s Investment Clock — a key barometer that shows the prevailing economic scenario in a given year — is transitioning from a &#8220;recovery&#8221; in 2024 to an &#8220;inflation boom&#8221; in 2025.
<h1 class="wp-block-heading">History Rhymes: Rare Consecutive Gains</h1>
The S&amp;P 500 — as tracked by the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) — surged 24% in 2024, mirroring its 24% rally in 2023.
This back-to-back streak of 20%-plus returns happened just four times in the past century and a half: during 1927-&#8217;28, 1935-&#8217;36, 1954-&#8217;55, and 1995-&#8217;96.
However, history shows that the years following such rallies often see wild market swings, for better or worse.
<ul>
<li>1927-28: Followed by a -12% loss in 1929 and a catastrophic -28% drop in 1930.</li>
<li>1935-36: After two years of outsized returns, 1937 saw a brutal -39% decline.</li>
<li>1954-55: Markets cooled, with modest gains of +3% in 1956 and a -14% slide in 1957.</li>
<li>1995-96: Continued strength with a +31% gain in 1997 but slowed to +12% in 1998.</li>
</ul>
Will 2025 follow a similar script? Hartnett says a major move — up or down — should be expected.
<h1 class="wp-block-heading">3 Reasons Why The S&amp;P 500 Could Rise In 2025</h1>
Hartnett highlights three key drivers that can pave the way for the bull market to continue in 2025.
<ol>
<li>A "boomy" economic backdrop: Companies are front-loading operations ahead of potential tariffs, labor hoarding remains rampant amid tighter immigration controls and unemployment claims have tumbled. </li>
<li>Goldilocks bond yields: Despite $36 trillion in U.S. debt and a 7% GDP deficit, central banks are expected to cut rates in 2025 — Bank of America is forecasting 124 global rate cuts. </li>
<li>Political incentives: The Trump administration is heavily invested in propping up risk assets like equities and cryptocurrencies to stimulate &#8220;animal spirits,&#8221; making a bear market unlikely heading into an election year.</li>
</ol>
<h1 class="wp-block-heading">&#8230; Yet Valuations Are Stretched To Extremes</h1>
With the S&amp;P 500&#8217;s trailing price-to-earnings ratio now at 26.5x, it ranks as the fourth-highest valuation in 125 years, behind only December 1921, June 1999 and June 2021.
The U.S. stock market is sitting at 75-year highs relative to international equities, with just 10 companies accounting for a staggering 37% of market cap.
This concentration has been driven by the so-called &#8220;Magnificent Seven&#8221; tech giants — stocks whose collective market capitalization surged by $4 trillion in 2024.
But Hartnett indicates the narrative of U.S. exceptionalism, particularly in artificial intelligence, may be peaking cyclically.
Crunching the numbers, he highlighted that the S&amp;P 500&#8217;s secular bull market, which began at 666 points in March 2009, could potentially climax at 6,666 in 2025.
<h1 class="wp-block-heading">&#8230; And Inflation May Return</h1>
Bank of America's Investment Clock model indicates 2024 marked an equity-bullish "recovery" phase, driven by lower rates and higher corporate earnings.
But 2025 could transition into an "inflation boom" phase, where rising rates and price pressures become the dominant themes.
While Hartnett is bullish on commodities as a hedge against this scenario, he warns credit and equities may peak in early 2025.
Read Now:
<ul>
<li><a href="https://www.benzinga.com/economics/macro-economic-events/24/11/42137929/2025-us-economy-outlook-cloudier-than-normal-jpmorgan-says-boom-bust-scenarios">2025 US Economy Outlook &#8216;Cloudier Than Normal,&#8217; JPMorgan Says: Boom, Bust Scenarios</a></li>
</ul>
Photo: Shutterstock

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S&P 500 Faces Volatile 2025 As 'Inflation Boom' Could Return: Bank Of America Strategist

ANIX

Anixa Biosciences shares are trading higher after the company announced it approved Bitcoin purchases and is continuing its stock buyback program.

GEOS

Geospace Technologies shares are trading lower after the company reported a year-over-year decrease in Q4 EPS results.

RBC Capital analyst Matthew Hedberg maintains Elastic (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESTC#NYSE">ESTC</a>) with a Outperform and raises the price target from $110 to $130.

Price Target

ESTC

RBC Capital Maintains Outperform on Elastic, Raises Price Target to $130

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Top 10 Trending Stocks On WallStreetBets As Of November 22, 2024 (Via Swaggy Stocks)

RBC Capital analyst Chris Dendrinos maintains Enphase Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) with a Sector Perform and lowers the price target from $85 to $71.

ENPH

RBC Capital Maintains Sector Perform on Enphase Energy, Lowers Price Target to $71

QMCO

Quantum Shares Halted On Circuit Breaker To The Upside, Stock Now Up 60.5%

RBC Capital analyst Walter Spracklin reiterates Canadian National Railway (TSX:<a class="ticker" href="https://www.benzinga.com/stock/CNR#TSX">CNR</a>) with a Outperform and maintains C$179 price target.

Reiteration

TSX:CNR

RBC Capital Reiterates Outperform on Canadian National Railway, Maintains C$179 Price Target

<a href="https://www.youtube.com/watch?v=xEzVDtbYYKQ" title="https://www.youtube.com/watch?v=xEzVDtbYYKQ">https://www.youtube.com/watch?v=xEzVDtbYYKQ</a>

Events

AMZN

LIVE: Jeff Bezos' Blue Origin New Shepard Mission NS-28 Webcast

Snap Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNAP#NYSE">SNAP</a>) has filed a motion to dismiss a lawsuit brought by New Mexico Attorney General Raúl Torrez. The lawsuit alleges that the company&#8217;s platform <a href="https://values.snap.com/news/new-mexico-motion-to-dismiss?lang=da-DK" target="_blank" rel="noreferrer noopener">facilitates child exploitation</a>. 
Snap argues that the lawsuit misrepresents its practices and is based on flawed interpretations of internal documents and investigatory actions.
The lawsuit claims that Snap violated state laws by promoting unsafe practices through features like disappearing messages, which allegedly enable the spread of exploitative material.
Also Read: <a href="https://www.benzinga.com/news/asset-sales/24/11/42117962/starbucks-eyes-stake-sale-in-china-amid-fierce-competition-and-falling-sales" target="_blank" rel="noreferrer noopener">Starbucks Eyes Stake Sale in China Amid Fierce Competition and Falling Sales</a>
However, Snap contends that the Attorney General&#8217;s office created a decoy account that proactively engaged with inappropriate accounts, contrary to the lawsuit&#8217;s claims, the Verge <a target="_blank" href="https://www.theverge.com/2024/11/21/24302767/snap-new-mexico-attorney-general-motion-dismiss-child-exploitation" rel="noreferrer noopener">reports</a>.
Snap insists the investigation&#8217;s findings are inaccurate and highlights that federal law prohibits storing child sexual abuse material (CSAM) on its servers. The company maintains that it reports such content to the National Center for Missing and Exploited Children, as required by law, and that the Attorney General&#8217;s framing of its practices is misleading.
The New Mexico Department of Justice criticized Snap&#8217;s motion to dismiss, accusing the company of deflecting attention from the harm caused to children on its platform. 
A spokesperson stated, &#8220;The evidence—including Snap&#8217;s internal documents—proves the company prioritizes profits over safety.&#8221; The department emphasized the urgent need for stricter safeguards to protect young users.
Snap argues that the lawsuit conflicts with federal protections under Section 230, which shields platforms from liability for user-generated content. The company also contends that proposed age-verification mandates could violate the First Amendment. Snap describes its safety-related statements as aspirational and not legally binding guarantees of risk elimination.
Social media companies — Meta Platforms Inc&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) Facebook and Instagram, Snapchat, Elon Musk&#8217;s X, formerly Twitter and ByteDance-owned TikTok — face regulatory scrutiny <a href="https://www.benzinga.com/news/24/07/40028341/senate-set-to-approve-new-child-online-safety-bill-on-tuesday-what-it-means-for-elon-musks-x-meta-sn" target="_blank" rel="noreferrer noopener">over child safety concerns</a>.
Snap posted a <a href="https://www.benzinga.com/news/earnings/24/10/41612544/snap-q3-earnings-revenue-beat-eps-beat-500m-buyback-ai-update-and-more" target="_blank" rel="noreferrer noopener">third-quarter revenue</a> of $1.373 billion, exceeding the $1.358 billion consensus estimate. Adjusted earnings reached 8 cents per share, beating the 5-cent analyst estimate. Revenue increased 15%, while daily active users grew 9% to 443 million. The company reported $116 million in operating cash flow and $72 million in free cash flow. 
The quarter ended with $3.2 billion in liquidity. Snap forecasts fourth-quarter revenue of $1.51 billion—$1.56 billion, slightly below the $1.558 billion analyst estimate. The board approved a share buyback of up to $500 million.
Price Action: Snap stock is down 0.38% at $10.59 premarket at last check Friday.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/24/11/42116366/taiwan-semiconductor-plans-new-factories-annually-boosting-domestic-chip-production" target="_blank" rel="noreferrer noopener">Taiwan Semiconductor Plans New Factories To Boost Domestic Chip Production</a></li>
</ul>
Image: Shutterstock

Media

SNAP

Snap Denies Child Exploitation Allegations, Wants Lawsuit Dismissed

RBC Capital analyst Nelson Ng reiterates EverGen Infr (TSX:<a class="ticker" href="https://www.benzinga.com/stock/EVGN#TSX">EVGN</a>) with a Sector Perform and maintains C$3 price target.

TSX:EVGN

RBC Capital Reiterates Sector Perform on EverGen Infr, Maintains C$3 Price Target

In the current session, the stock is trading at $142.32, after a 2.45% increase. Over the past month, Dell Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) stock increased by 15.96%, and in the past year, by 90.85%. With performance like this, long-term shareholders are optimistic but others are more likely to look into the price-to-earnings ratio to see if the stock might be overvalued.

<img src="https://www.benzinga.com/files/images/story/2024/1732289408_0.png" alt="Past Year Chart" />

<h3>A Look at Dell Technologies P/E Relative to Its Competitors</h3>
The P/E ratio is used by long-term shareholders to assess the company's market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E could indicate that shareholders do not expect the stock to perform better in the future or it could mean that the company is undervalued. 
Compared to the aggregate P/E ratio of the 32.64 in the Technology Hardware, Storage &amp; Peripherals industry, Dell Technologies Inc. has a lower P/E ratio of 25.58. Shareholders might be inclined to think that the stock might perform worse than it's industry peers. It's also possible that the stock is undervalued. 

<img src="https://www.benzinga.com/files/images/story/2024/1732289408_1.png" alt="Guage" />

In summary, while the price-to-earnings ratio is a valuable tool for investors to evaluate a company's market performance, it should be used with caution. A low P/E ratio can be an indication of undervaluation, but it can also suggest weak growth prospects or financial instability. Moreover, the P/E ratio is just one of many metrics that investors should consider when making investment decisions, and it should be evaluated alongside other financial ratios, industry trends, and qualitative factors. By taking a comprehensive approach to analyzing a company's financial health, investors can make well-informed decisions that are more likely to lead to successful outcomes.

Intraday Update

DELL

Price Over Earnings Overview: Dell Technologies

RBC Capital analyst James McGarragle reiterates Exchange Income (TSX:<a class="ticker" href="https://www.benzinga.com/stock/EIF#TSX">EIF</a>) with a Outperform and maintains C$71 price target.

TSX:EIF

RBC Capital Reiterates Outperform on Exchange Income, Maintains C$71 Price Target

JP Morgan analyst David Karnovsky maintains Warner Music Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WMG#NASDAQ">WMG</a>) with a Overweight and lowers the price target from $41 to $40.

JP Morgan Maintains Overweight on Warner Music Gr, Lowers Price Target to $40

GRAB

Grab Holdings shares are trading lower after B of A Securities downgraded the stock from Buy to Underperform, maintaining its price target at $4.90.

JP Morgan analyst Daniel Chen maintains iQIYI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IQ#NASDAQ">IQ</a>) with a Neutral and lowers the price target from $2.5 to $1.8.

JP Morgan Maintains Neutral on iQIYI, Lowers Price Target to $1.8

RBC Capital analyst Darko Mihelic reiterates Manulife Financial (TSX:<a class="ticker" href="https://www.benzinga.com/stock/MFC#TSX">MFC</a>) with a Outperform and maintains C$49 price target.

TSX:MFC

RBC Capital Reiterates Outperform on Manulife Financial, Maintains C$49 Price Target

A poll of Benzinga readers found that they don't believe Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) should be broken up. This comes as the Department of Justice (DOJ) suggested divesting the Chrome browser to <a href="https://www.benzinga.com/tech/24/11/42105079/googles-unlawful-behavior-stifles-market-entry-for-rivals-doj-says-alphabet-must-sell-chrome-to-end-search-monopoly">break a search monopoly.</a>
What Happened: Google parent Alphabet has long <a href="https://www.benzinga.com/government/21/07/22094354/could-new-justice-department-hire-lead-to-google-breakup">been a target</a> of potential antitrust investigations due to the company's large market share in online search.
The DOJ recommended that Google share search data with competitors to foster fair competition. The department also said Google should consider selling its Android operating system.
"Google's unlawful behavior has deprived rivals not only of critical distribution channels but also distribution partners who could otherwise enable entry into these markets by competitors in new and innovative ways," the DOJ&nbsp;said in a statement.
A recent poll of Benzinga readers found that they don't believe Alphabet should be split up.
"Should the Department of Justice break up Alphabet (Google)?" Benzinga asked.
The results were:
<ul>
<li>Yes: 36%</li>
<li>No: 64%</li>
</ul>
While the DOJ is targeting Chrome as the potential unit to be divested, Benzinga readers have other preferences.
"Which part of Alphabet would you most want to invest in if it splits up," Benzinga asked.
The results were:
<ul>
<li>YouTube: 43%</li>
<li>Google Search: 31%</li>
<li>Android: 17%</li>
<li>Chrome: 9%</li>
</ul>
Benzinga readers ranked YouTube as the top choice for a standalone unit, while Chrome was the least favored.
Read Also: <a href="https://www.benzinga.com/government/regulations/24/11/42119020/alphabet-bleeds-over-120-billion-in-market-value-eyes-worst-day-in-10-months-after-doj-demands-google-chrome-sale">Alphabet Bleeds Over $120 Billion In Market Value, Eyes Worst Day In 10 Months After DOJ Demands Google Chrome Sale</a>
Why It's Important: While Alphabet likely does not want to split up or sell any of its units, investors could end up the winners <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40378964/google-stock-swings-on-doj-investigation-analyst-says-googl-is-worth-more-in-pieces">according to analysts.</a>
Jefferies analyst Brent Thill recently said that a breakup or business separation could be good for shareholders.
&#8220;We don&#8217;t believe a full breakup would happen. Even if it did, it would be good for shareholders because the sum of the parts is greater than the whole,&#8221; Thill&nbsp;<a href="https://x.com/YahooFinance/status/1823722376716280107" target="_blank" rel="noreferrer noopener">told&nbsp;</a>Yahoo Finance.
Needham analyst Laura Martin has been emphasizing for months that a forced breakup of Alphabet could lead to a significantly higher valuation.
&#8220;We believe that GOOGL is worth more in pieces than together, so we welcome regulators&#8217; attempts to break up GOOGL,&#8221; Martin said in a new investor note.
A break-up could put a spotlight on the valuation of video platform YouTube, Martin said.
&#8220;We calculate that YouTube would be valued between $455B-$643B if separately traded.&#8221;
Martin said Alphabet shares would likely trade higher if the company breaks up because investors would be willing to pay more for &#8220;pure-play assets,&#8221; more data points could be publicly shared, and employees would receive shares in business lines they directly impact.
Martin has a Buy rating on Alphabet and price target of $210.
GOOG Price Action: Alphabet stock trades at $167.81 Friday versus a 52-week trading range of $129.40 to $193.31. Alphabet stock is up 21.3% year-to-date, trailing the 25.6% gain of the SPDR S&amp;P 500 ETF Trust, which tracks the S&amp;P 500.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/24/11/42131274/why-googles-chrome-battle-isnt-just-about-search-gene-munster-calls-it-a-tough-day-for-big-tech-on-the-regulatory-front">Google&#8217;s Chrome Battle Goes Beyond The Browser: Gene Munster Outlines Wider Implications Of DOJ Going After The Search Giant</a></li>
</ul>
The study was conducted by Benzinga from Nov. 21 through Nov. 22, 2024, and included the responses of a diverse population of adults 18 or older. Opting into the survey was completely voluntary, with no incentives offered to potential respondents. The study reflects results from 88 adults.
Photo: Shutterstock

Exclusives

Tech

GOOG

GOOGL

DOJ Targets Google Chrome, Poll Shows 64% Oppose Alphabet Breakup: YouTube Seen As Top Prize

Crexendo (CXDO) announced that general sessions of its NetSapiens Platform User Group Meeting begins in Nashville, Tennessee. This year's sold-out ...

Crexendo announces NetSapiens User Group Meeting kicks off in Nashville

Northland Securities analyst Michael Latimore maintained a Buy rating on Crexendo (CXDO – Research Report) today and set a price target of $7.00. T...

Northland Securities Sticks to Its Buy Rating for Crexendo (CXDO)

A 55-year journey: From the internet's birth to Google, AMZN & META alone worth $5T

The company said, "Crexendo (CXDO) wrapped up its most successful Codefest to date as part of its annual User Group Meeting in Nashville, TN. The h...

Crexendo says Codefest drew 'record participation'

Lake Street analyst Eric Martinuzzi maintained a Buy rating on Crexendo (CXDO – Research Report) today and set a price target of $7.00. The company...

Crexendo (CXDO) Receives a Buy from Lake Street

Crexendo Non-GAAP EPS of $0.06 beats by $0.01, revenue of $15.6M beats by $0.46M

Crexendo Inc. ( ($CXDO) ) has released its Q3 earnings. Here is a breakdown of the information Crexendo Inc. presented to its investors. Crexendo, ...

Crexendo Reports Strong Q3 2024 Financial Growth

Crexendo, Inc. (CXDO) Q3 2024 Earnings Call Transcript

B. Riley raised the firm's price target on Crexendo (CXDO) to $6.75 from $6 and keeps a Buy rating on the shares following the "solid" Q3 report. P...

Crexendo price target raised to $6.75 from $6 at B. Riley

Crexendo (CXDO) announced that Akabis has selected Crexendo's NetSapiens Platform as its next-generation solution to replace their Microsoft (MSFT)...

Crexendo selected by Akabis to replace Microsoft Metaswitch platform

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Press Releases

G2's Fall 2024 Reports Highlight Crexendo's AI-Powered Cloud Communications Platform for Outstanding Usability and Superior Customer Satisfaction

Crexendo Selected By Tier 1 International VoIP Provider Symbio To Support Its Rapid Growth

Crexendo Announces SNOM as Official Event Sponsor for NetSapiens User Group Meeting

Crexendo, Inc. to Issue Third Quarter 2024 Financial Results on November 6, 2024, at 4:30 PM ET

Crexendo NetSapiens User Group Meeting Kicks Off in Nashville With Record Attendance and Participation

Crexendo's Codefest Draws Record Participation with AI at the Core of Innovation

Earnings

Crexendo Delivers Strong Third Quarter Results

Crexendo Selected By Akabis As Replacement For Microsoft Metaswitch Platform

Crexendo's NetSapiens Platform Awarded 2024 Generative AI Expo Product of the Year Award

Crexendo Named One of the Fastest-Growing Companies in North America on the 2024 Deloitte Technology Fast 500

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