TMCnet News
Cbeyond Earnings In Retrospect: Up 3.9% in the Last 19 Days (CBEY)May 20, 2013 (SmarTrend(R) News Watch via COMTEX) -- Two weeks ago on May 1st, 2013 Cbeyond (NASDAQ:CBEY) reported earnings and analysts, on average, expected a loss of $0.10 on sales of $117.8 million. Cbeyond actually reported a loss of $0.01 per share on sales of $119.9 million, beating EPS estimates by $0.09 and beating revenue estimates by $2.1 million. Shares of Cbeyond have climbed from $8.64 to $8.98, representing a gain of 3.9% since the company reported earnings 19 days ago. In the past 52 weeks, Cbeyond share prices have been bracketed by a low of $5.61 and a high of $10.19 and are now at $8.98, 60% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has advanced 2.4%. SmarTrend recommended that subscribers consider buying shares of Cbeyond on April 12th, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $8.00. Since that recommendation, shares of Cbeyond have risen 12.3%. We continue to monitor CBEY for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |
