Cbeyond (CBEY) – ($9.23) has a Strong Buy rating according to ValuEngine with fair value at $10.63, which makes the stock 13.2% undervalued. The one-year price target is $10.67. ValuEngine Profile – “Cbeyond is an Atlanta-based managed services provider in the emerging local voice and broadband services market and manages voice over Internet Protocol, facilities-based, private, local phone network. Cbeyond delivers an integrated package of high quality local and long distance telephony services, high-speed Internet access and Internet-based applications, including voicemail, email, Web hosting, data backup, file-sharing, VPN and more to a target market of small business customers in selected large metropolitan areas.”

Subscribe to get our Daily Fix delivered to you inbox 5 days a week

Analysis – The daily chart for CBEY shows overbought momentum with the stock above its 21-day, 50-day and 200-day simple moving averages at $8.45, $7.76 and $8.18. My semiannual value level is $8.62 with a weekly pivot at $9.04 and monthly risky level at $9.34.

Courtesy of Thomson / Reuters

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not necessarily represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer.