Key Developments For Cbeyond, Inc.
Cbeyond, Inc. (CBEY.O) (Nasdaq)
Cbeyond, Inc. Lowers FY 2009 Revenue Guidance; Reaffirms FY 2009 EBITDA Guidance
Cbeyond, Inc. lowered fiscal 2009 guidance for revenue to be approximately $415 million from prior range of approximately $420 million and reaffirmed adjusted EBITDA range of $62 to $66 million. According to Reuters Estimates, analysts on an average were expecting the Company to report revenue of $418 million for the same period.
Cbeyond, Inc. Announces Preliminary Settlement In Securities Class Action Lawsuit
Cbeyond, Inc. announced that the parties have filed papers seeking preliminary approval of the settlement of the previously disclosed securities class action lawsuit filed in the United States District Court for the Northern District of Georgia. The settlement is subject to approval by the Court, and the settlement amount of $2.3 million will be paid by the Company's D&O insurance coverage, with no impact to the Company's financial statements.
Cbeyond, Inc. Sees FY 2009 Revenue Guidance At Low End Of Prior Range; Lowers High End Of Prior FY 2009 EBITDA Guidance
Cbeyond, Inc. determined to narrow its revenue guidance to approximately $420 million, the low end of its original fiscal 2009 guidance. Additionally, Cbeyond has narrowed its guidance range for adjusted EBITDA and expects $62-$66 million. Earlier the Company expected revenue to be in the range of $420-$430 million and adjusted EBITDA to be in the range of $62-$70 million. According to Reuters Estimates, analysts were expecting the Company to report revenues of $421 million and EBITDA of $62 million for the same period.
Cbeyond, Inc. Lowers Higher End Of Prior FY 2009 Revenue Guidance To A Range In Line With Analysts' Estimates; Reaffirms FY 2009 EBITDA Guidance
Cbeyond, Inc. announced that for fiscal 2009, it now expects revenue to be in the range of $420-$430 million and adjusted EBITDA to be in the range of $62-$70 million. The Company previously expected revenue to be in the range of $420-$440 million and adjusted EBITDA to be in the range of $62-$70 million. According to Reuters Estimates, analysts were expecting the Company to report revenue of $424 million and EBITDA of $64 million for fiscal 2009.
Cbeyond, Inc. Reiterates FY 2009 Outlook
Cbeyond, Inc. announced that for fiscal 2009, it continues to expect revenues in the range of $420 million to $440 million and adjusted EBITDA in the range of $62 million to $70 million. According to Reuters Estimates, analysts on an average are expecting the Company to report revenue of $423 million and EBITDA of $63 million for fiscal 2009.
