ClearOne Communications Receives “Buy” Rating from B. Riley (CLRO)
ClearOne Communications (NASDAQ:CLRO)‘s stock had its “buy” rating reaffirmed by equities research analysts at B. Riley in a research note issued to investors on Wednesday. They currently have a $11.75 price target on the stock, down from their previous price target of $12.50. B. Riley’s price target suggests a potential upside of 24.87% from the stock’s previous close.
ClearOne Communications (NASDAQ:CLRO) traded down 0.64% during mid-day trading on Wednesday, hitting $9.35. The stock had a trading volume of 1,161 shares. ClearOne Communications has a 52 week low of $7.67 and a 52 week high of $14.30. The stock’s 50-day moving average is $9.79 and its 200-day moving average is $10.02. The company has a market cap of $86.6 million and a P/E ratio of 18.13.
ClearOne Communications (NASDAQ:CLRO) last announced its earnings results on Tuesday, August 12th. The company reported $0.14 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.16 by $0.02. The company had revenue of $14.11 million for the quarter, compared to the consensus estimate of $12.22 million. On average, analysts predict that ClearOne Communications will post $0.65 earnings per share for the current fiscal year.
ClearOne Communications, Inc (NASDAQ:CLRO) is a communications solutions company that develops and sells audio conferencing systems and related products for audio, video and Web conferencing systems and applications.
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