Stocks Under $10: Cbeyond

Richard Suttmeier |

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.”

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

Ticker

Company Name

Mkt Price

Fair Value

One-Year Price Target

Last 12-Mon Retn (%)

5-Yr Avg Retn (%)

P/E Ratio

CBEY

CBEYOND

9.20

10.63

10.67

39.22

-14.85

n/a

 

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