CXDO - Crexendo - Take Your Portfolio Value To The Clouds With This Undervalued UCaaS Provider
Investment Thesis
Crexendo has been losing money since 2010, but seems to finally be on the right path to profitability based on their new, more sustainable UCaaS business model. Although the company is competing against a number of deep pocketed companies, the global UCaaS market is forecasted to expand by 29.4% CAGR from 2016 to 2024, providing plenty of opportunities for smaller, nimbler companies like Crexendo. The share price has been rising as investors realize the potential of the business, but should still have room left to grow based on very positive financial forecasts by