Q3 2017 EPS Estimates for CounterPath Corp. Lowered by Analyst (CPAH)
CounterPath Corp. (NASDAQ:CPAH) – Research analysts at Cormark cut their Q3 2017 earnings per share (EPS) estimates for shares of CounterPath Corp. in a research report issued on Thursday. Cormark analyst H. Mak now forecasts that the firm will post earnings of ($0.18) per share for the quarter, down from their previous forecast of ($0.04). Cormark also issued estimates for CounterPath Corp.’s Q4 2017 earnings at ($0.08) EPS, FY2017 earnings at ($0.44) EPS and Q1 2018 earnings at ($0.06) EPS.
Separately, Zacks Investment Research lowered CounterPath Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, July 12th.
Shares of CounterPath Corp. (NASDAQ:CPAH) opened at 2.14 on Monday. The stock has a 50 day moving average of $2.17 and a 200 day moving average of $2.23. CounterPath Corp. has a 1-year low of $1.85 and a 1-year high of $5.25. The firm’s market cap is $9.75 million.
CounterPath Corp. (NASDAQ:CPAH) last released its earnings results on Wednesday, September 14th. The company reported ($0.01) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.17) by $0.16. CounterPath Corp. had a negative net margin of 16.56% and a negative return on equity of 21.83%. The company earned $3 million during the quarter.
About CounterPath Corp.
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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