CXDO - Crexendo: Well Positioned In SMB Segment Top Pick For 2024
2024-01-23 08:30:00 ET
Summary
- Crexendo is a leading provider of UCaaS. While Crexendo's share price has tripled in a short period, I think there is still room to run.
- Crexendo is largely focusing on the SMB market where they are very well positioned due to their excellent customer service.
- The company is experiencing strong growth as the SMB segment is where the growth is, gaining market share, and generating profits and cash flow.
The share price of Crexendo ( CXDO ) tripled in a couple of months, the market seems to have discovered this little gem so it's time to have a closer look.
Crexendo is the third biggest provider of the fastest-growing UCaaS (Unified Communications as a Service) platform. They report in two segments:
- Cloud Telecommunications Services offers a host of IP-based communication services.
- Software Solutions includes services like UC (unified communications), video conferencing, and collaboration & contact center solutions, with revenues coming from software licenses, software maintenance support, and professional services.