Q3 2017 Earnings Forecast for CounterPath Corp. (CPAH) Issued By Cormark
CounterPath Corp. (NASDAQ:CPAH) – Analysts at Cormark decreased their Q3 2017 earnings estimates for CounterPath Corp. in a report issued on Thursday. Cormark analyst H. Mak now forecasts that the firm will post earnings per share of ($0.18) for the quarter, down from their prior estimate 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 downgraded shares of CounterPath Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, July 12th.
CounterPath Corp. (NASDAQ:CPAH) remained flat at $2.07 during midday trading on Monday. CounterPath Corp. has a 1-year low of $1.85 and a 1-year high of $5.25. The firm’s 50 day moving average is $2.16 and its 200-day moving average is $2.23. The firm’s market capitalization is $9.43 million.
CounterPath Corp. (NASDAQ:CPAH) last announced its earnings results on Wednesday, September 14th. The company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.16. The firm had revenue of $3 million for the quarter. CounterPath Corp. had a negative net margin of 16.56% and a negative return on equity of 21.83%.
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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