ClearOne (NASDAQ:CLRO) Posts Quarterly Earnings Results

ClearOne (NASDAQ:CLRO) announced its quarterly earnings data on Monday. The communications equipment provider reported ($0.09) earnings per share (EPS) 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 Price Performance

Shares of ClearOne stock opened at $0.54 on Wednesday. The firm’s 50-day moving average is $0.58 and its two-hundred day moving average is $0.60. ClearOne has a 1 year low of $0.45 and a 1 year high of $1.82. The stock has a market cap of $12.85 million, a price-to-earnings ratio of -2.98 and a beta of 0.59.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on ClearOne in a research report on Monday. They set a “hold” rating for the company.

About ClearOne

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.