CounterPath Corp. (CPAH) Rating Lowered to Sell at Zacks Investment Research

CounterPath Corp. (NASDAQ:CPAH) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Monday.

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 1.98 on Monday. The stock’s market capitalization is $9.02 million. CounterPath Corp. has a 12 month low of $1.85 and a 12 month high of $5.25. The company’s 50-day moving average is $2.11 and its 200-day moving average is $2.22.

CounterPath Corp. (NASDAQ:CPAH) last issued its quarterly earnings data on Wednesday, September 14th. The company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $3 million for the quarter. Equities analysts anticipate that CounterPath Corp. will post ($0.44) earnings per share for the current 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.

5 Day Chart for NASDAQ:CPAH

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