Crexendo (CXDO)
Provides UCaaS products and service-provider software for business communications.
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Sells cloud telecommunications services directly to businesses and licenses NetSapiens software to service providers that deliver voice, video, messaging, contact center, and related communications. The model pairs a Tempe-based direct UCaaS business with a global, partner-platform footprint expanded through acquisitions such as Allegiant and ESI.
Combines direct Cloud Telecommunications Services with Software Solutions built around the NetSapiens platform. Direct offerings include Crexendo VIP, VIP CX, contact-center tools, broadband resale, managed IT, devices, and professional services. Software revenue comes from licenses, subscription maintenance, support, and implementation work for service providers.
NetSapiens gives telecom providers, managed service providers, and fiber broadband operators a multi-tenant, session-priced communications platform with public, private, and hybrid deployment options. The platform reaches global end users through software subscribers and Crexendo's own retail channel, while recent Allegiant and ESI acquisitions added operating scale around the same communications ecosystem.
Execution depends on channel and service-provider adoption, integration of acquired licensees, telecom-platform reliability, and competition from larger UCaaS and platform vendors.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| May 6, 2026 | Needham | Reiterate | Rating: —Target: $9 | Target: $12 |
| May 6, 2026 | Lake Street | Target | Target: — | Target: $11 |
| Nov 5, 2025 | Northland Securities | Target | Target: — | Target: $10 |
| Oct 30, 2025 | Needham | Reiterate | Rating: —Target: — | Target: $9 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $18.3M · Total debt $5.6M · Total assets $101.0M · Shareholders' equity $78.1M
- Revenue
- $24.6M
- Operating income
- $1.1M
- Net income
- $1.1M
HistoryDividendAnnual yield
| Institutions | ≈ 39.39% | 12.77M shares | |
|---|---|---|---|
| 137 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 80.74% | 26.17M shares | |
| 14 holders · as of Sep 9, 2026 | |||
| Adds to | 120.13% | ||
32.42M company shares as of Aug 28, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
The share count has not been confirmed by a second filing; stakes use it as it stands.
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
These groups come from separate filings that can overlap, so they add to 120.13%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Steven G. MihayloInsiderdirector, 10 percent owner | 64.04% | 20.76M | filed Jun 3, 2026 |
Bryan J. DancerInsider | 7.62% | 2.47M | filed Nov 29, 2022 |
David Tzat-kin WangInsiderofficer: Chief Technology Officer | 3.65% | 1.18M | filed Sep 1, 2026 |
BlackRock, Inc.Institution | 3.29% | 1.07M | as of Jun 30, 2026 |
Royce & Associates LPInstitution | 3.15% | 1.02M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 27, 2026 | David Tzat-kin Wang | officer: Chief Technology Officer | −25,000 | $6.50 |
| May 4, 2026 | Douglas Walter Gaylor | officer: Chief Operating Officer | −10,000 | $8.15 |
| Jun 15, 2026 | David Tzat-kin Wang | officer: Chief Technology Officer | −25,000 | $7.49 |
| Jun 12, 2026 | David Tzat-kin Wang | officer: Chief Technology Officer | −25,000 | $7.39 |
| Jun 2, 2026 | David Tzat-kin Wang | officer: Chief Technology Officer | −25,000 | $10.01 |
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Crexendo | $5.74 | −0.87% | $187.7M | 43.7 | 14.0 | 2.3 | +48.9% |
| RingCentral | $77.75 | +0.58% | $6.67B | 61.8 | 14.7 | 2.6 | +5.9% |
| 8x8 | $1.88 | +0.70% | $265.1M | 58.6 | 5.2 | 0.4 | +4.8% |
| Cisco Systems | $104.60 | −6.15% | $439.31B | 33.5 | 20.4 | 6.9 | +17.6% |
| Microsoft | $496.48 | −1.02% | $3.72T | 27.9 | 25.3 | 11.2 | +17.8% |
| Ooma | $22.14 | −3.57% | $630.8M | 58.9 | 15.9 | 2.1 | +25.4% |
| Ribbon Communications | $1.82 | −0.82% | $327.2M | 22.5 | 13.0 | 0.4 | −12.8% |
| Median | 46.0 | 15.3 | 2.3 | +11.7% |