Research analysts at William Blair initiated coverage on shares of ConvergeOne (NASDAQ:CVON) in a research report issued to clients and investors on Monday, March 19th, MarketBeat.com reports. The brokerage set an “outperform” rating on the stock. William Blair also issued estimates for ConvergeOne’s Q4 2017 earnings at $0.24 EPS, FY2017 earnings at $0.44 EPS, Q1 2018 earnings at $0.13 EPS, Q1 2018 earnings at $0.12 EPS, Q2 2018 earnings at $0.21 EPS, Q3 2018 earnings at $0.32 EPS, Q3 2018 earnings at $0.33 EPS, Q4 2018 earnings at $0.38 EPS, Q4 2018 earnings at $0.36 EPS, FY2018 earnings at $1.04 EPS, FY2018 earnings at $1.01 EPS, Q1 2019 earnings at $0.20 EPS, Q2 2019 earnings at $0.26 EPS, Q3 2019 earnings at $0.34 EPS, Q4 2019 earnings at $0.35 EPS, FY2019 earnings at $1.13 EPS, FY2019 earnings at $1.16 EPS, FY2020 earnings at $1.27 EPS and FY2020 earnings at $1.24 EPS.
Separately, Needham & Company LLC assumed coverage on ConvergeOne in a report on Monday, March 19th. They issued a “buy” rating and a $12.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. ConvergeOne presently has a consensus rating of “Buy” and an average target price of $12.00.
NASDAQ CVON traded up $0.10 on Monday, reaching $8.89. The stock had a trading volume of 19,513 shares, compared to its average volume of 148,507. ConvergeOne has a 1 year low of $7.95 and a 1 year high of $10.83. The company has a market capitalization of $2,034.53 and a P/E ratio of 23.39.
ConvergeOne (NASDAQ:CVON) last posted its quarterly earnings data on Tuesday, March 20th. The company reported $0.19 earnings per share for the quarter. The business had revenue of $299.23 million for the quarter. equities research analysts forecast that ConvergeOne will post 1.04 EPS for the current fiscal year.
In other news, Director Richard Katzman acquired 125,000 shares of ConvergeOne stock in a transaction on Thursday, February 22nd. The shares were purchased at an average price of $8.00 per share, with a total value of $1,000,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
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ConvergeOne Holdings, Inc provides collaboration and technology solutions for large and medium enterprises. It offers cloud solutions, such as C1CX, a collaboration solution spanning unified communications and contact centers with software applications, integration, and professional services; hosted collaboration solutions; and any communications as a service solution.
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