Zacks Investment Research upgraded shares of CounterPath Corp. (NASDAQ:CPAH) from a strong sell rating to a hold rating in a research report report published on Wednesday morning.

According to Zacks, “CounterPath, Corp. focuses on the design, development, marketing and sales of desktop and mobile application software, conferencing server software, gateway server software and related professional services, such as pre and post sales technical support and customization services. The Company’s software products are sold into the telecommunications sector, specifically the voice over Internet protocol, unified communications and fixed-mobile convergence markets. The company’s product suite includes SIP-based softphones, server applications and Fixed Mobile Convergence solutions that enable service providers, enterprises and Original Equipment Manufacturers to cost-effectively integrate voice, video, presence and Instant Messaging applications into their VoIP offerings and extend functionality across both fixed and mobile networks. This company is covered under both TSX and NYSE as V.CCV and CPAH respectively. “

CounterPath Corp. (NASDAQ:CPAH) opened at 2.1945 on Wednesday. CounterPath Corp. has a 52 week low of $1.85 and a 52 week high of $5.25. The firm has a 50-day moving average price of $2.17 and a 200-day moving average price of $2.23. The company’s market capitalization is $10.00 million.

CounterPath Corp. (NASDAQ:CPAH) last released its quarterly earnings results on Wednesday, September 14th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.17) by $0.16. The firm had revenue of $3 million for the quarter. CounterPath Corp. had a negative return on equity of 21.83% and a negative net margin of 16.56%. Analysts anticipate that CounterPath Corp. will post ($0.44) EPS for the current fiscal year.

CounterPath Corp. Company Profile

CounterPath Corporation designs, develops and sells software and services that enable enterprises and telecommunication service providers to deliver unified communications (UC) services, including voice, video, messaging and collaboration functionality, over their Internet Protocol (IP)-based networks.

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