Key Developments: Cbeyond Inc (CBEY.O)

CBEY.O on Nasdaq

9.98USD
11 Jul 2014
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Latest Key Developments (Source: Significant Developments)

Rigrodsky & Long, P.A. announces class action lawsuit against board of directors of Cbeyond, Inc
Tuesday, 13 May 2014 08:30pm EDT 

Cbeyond Inc:Rigrodsky & Long, P.A. announces a complaint alleging breaches of fiduciary duty and other violations of law has been filed in the Delaware Court of Chancery.The complaint against the board of directors of Cbeyond, Inc. in connection with the company's entry into an agreement to be acquired by Birch Communications, Inc.Transaction valued at about $323 million.  Full Article

Cbeyond Inc withdraws FY 2014 guidance
Wednesday, 7 May 2014 04:05pm EDT 

Cbeyond Inc:Says as a result of the announcement that it has entered into a definitive agreement to be acquired by Birch Communications, it withdraws its previously issued guidance for FY 2014.  Full Article

Ryan & Maniskas, LLP announces investigation of Cbeyond Inc
Wednesday, 23 Apr 2014 10:00am EDT 

Ryan & Maniskas, LLP:Investigates potential claims against the board of directors of Cbeyond Inc.Concerning possible breaches of fiduciary duty and other violations of law related to the company's efforts to sell the company to Birch Communications, Inc. in a transaction valued at about $323 mln.  Full Article

Birch Communications Inc to acquire Cbeyond Inc
Monday, 21 Apr 2014 06:00am EDT 

Birch Communications Inc and Cbeyond Inc:Enters into definitive agreement under which Birch will acquire Cbeyond in an all-cash transaction valued at about $323 mln.Cbeyond stockholders will receive between $9.97 and $10.00 per share in cash.Lazard is acting as sole financial advisor and Jones Day is acting as legal advisor to Birch in transaction.UBS Investment Bank is acting as financial advisor and Latham & Watkins LLP is acting as legal advisor to Cbeyond in transaction.Birch has obtained financing commitments from PNC Capital Markets LLC and Jefferies Finance LLC.Transaction is expected to close within six months.  Full Article

Cbeyond Inc enters marketing alliance with Microsoft to Offer MSPs, VARs and SMBs access to Microsoft's Cloud Services
Tuesday, 18 Mar 2014 09:47am EDT 

Cbeyond Inc:Enters into marketing alliance with Microsoft.To offer U.S.-based Managed Service Providers (MSPs) and Value-Added Resellers (VARs) option to deploy their SMB customers' solutions in Cbeyond's cloud.Cbeyond will incentivize MSPs and VARs to move their customers to cloud and showcase advanced, enterprise-class cloud computing capabilities of Microsoft's Cloud OS technologies, including Windows Server, Hyper-V and System Center.  Full Article

Cbeyond Inc gives FY 2014 guidance below analysts' estimates
Thursday, 13 Mar 2014 04:05pm EDT 

Cbeyond Inc:Expects FY 2014 Revenue of $410 million to $430 million.Expects FY 2014 Adjusted EBITDA of $50 million to $65 million.FY 2014 revenue of $435 million and EBITDA of $69 million- Thomson Reuters I/B/E/S.  Full Article

Cbeyond Inc Sees FY 2013 Revenue Guidance Slightly Below Prior Range; Sees FY 2013 EBITDA Guidance In Middle Of Prior Range
Wednesday, 6 Nov 2013 07:30am EST 

Cbeyond Inc announced that for fiscal 2013, it expect revenue to be slightly below the previously reported range of $464 million to $471 million and expect adjusted EBITDA to be in the middle of the previously reported range of $76 million to $80 million. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $469 million for fiscal 2013.  Full Article

Cbeyond Inc Lowers FY 2013 Revenue Guidance; Narrows FY 2013 EBITDA Guidance
Wednesday, 31 Jul 2013 04:05pm EDT 

Cbeyond Inc announced that it has revised its fiscal 2013 guidance and expects $464 million to $471 million of revenue and $76 million to $80 million of adjusted EBITDA. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $477 million for fiscal 2013.  Full Article

Cbeyond Inc Reiterates FY 2013 Guidance
Wednesday, 1 May 2013 04:05pm EDT 

Cbeyond Inc reiterated its fiscal 2013 guidance of $475 million to $485 million of revenue and $75 million to $82 million of adjusted EBITDA. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $476 million and EBITDA of $75 million for fiscal 2013.  Full Article

Cbeyond Inc Issues FY 2013 Guidance In Line With Analysts' Estimates
Wednesday, 27 Feb 2013 04:02pm EST 

Cbeyond Inc announced that for fiscal 2013, it expects revenue of $475 million to $485 million and adjusted EBITDA of $75 million to $82 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $479 million and EBITDA of $75 million for fiscal 2013.  Full Article

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