ClearOne (NASDAQ:CLRO) Posts Earnings Results

ClearOne (NASDAQ:CLRO) posted its quarterly earnings results on Monday. The communications equipment provider reported ($0.09) earnings per share for the quarter, Zacks reports. ClearOne had a negative return on equity of 25.59% and a negative net margin of 32.88%. The firm had revenue of $2.96 million during the quarter.

ClearOne Trading Up 0.0 %

Shares of ClearOne stock opened at $0.54 on Wednesday. The stock has a 50 day moving average of $0.58 and a 200 day moving average of $0.60. ClearOne has a 12 month low of $0.45 and a 12 month high of $1.82. The firm has a market cap of $12.85 million, a PE ratio of -2.98 and a beta of 0.59.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on ClearOne in a research note on Monday. They issued a “hold” rating for the company.

ClearOne Company Profile

ClearOne, Inc, together with its subsidiaries, designs, develops, and sells conferencing, collaboration, and network streaming solutions for voice and visual communications in the United States and internationally. The company offers a range of audio conferencing products, including professional audio conferencing and sound-reinforcement products for use in enterprise, healthcare, education and distance learning, government, legal, and finance organizations; mid-tier premium conferencing products for smaller rooms, and small and medium businesses, which interface with video and Web conferencing systems; USB-based personal and group speakerphones that could be used with PCs, laptops, tablets, smartphones, and other portable devices; and traditional tabletop conferencing phones used in conference rooms and offices.