Cbeyond Earnings: Everything You Must Know Now
Cbeyond, Inc. (NASDAQ:CBEY) had a loss and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Cbeyond, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $-0.02 in the quarter versus EPS of $-0.04 in the year-earlier quarter.
Revenue: Decreased 3.18% to $119.9 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Cbeyond, Inc. reported adjusted EPS loss of $0.02 per share. By that measure, the company beat the mean analyst estimate of $-0.09. It beat the average revenue estimate of $117.77 million.
Quoting Management: “I am pleased with our progress in evolving our business model to provide services at the intersection of cloud, network and security,” said Jim Geiger, chief executive officer of Cbeyond, Inc. “We have achieved several significant milestones over the past six months. We have continued to build capabilities of our TotalCloud Data CenterTM and TotalCloud Phone SystemTM products; reached the targeted staffing level for our 2.0 sales channels; launched our new offering that bundles cloud services with broadband; have lit dark fiber in over 250 buildings and significantly increased the size of our Metro Ethernet network footprint.”
Key Stats (on next page)…