Zacks Investment Research Upgrades CounterPath Corporation (CPAH) to Hold

CounterPath Corporation (NASDAQ:CPAH) (TSE:CCV) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Wednesday.

According to Zacks, “CounterPath, Corp. focuses on the design, development, marketing and sales of desktop and mobile application software, conferencing server software, gateway server software and related professional services, such as pre and post sales technical support and customization services. The Company’s software products are sold into the telecommunications sector, specifically the voice over Internet protocol, unified communications and fixed-mobile convergence markets. The company’s product suite includes SIP-based softphones, server applications and Fixed Mobile Convergence solutions that enable service providers, enterprises and Original Equipment Manufacturers to cost-effectively integrate voice, video, presence and Instant Messaging applications into their VoIP offerings and extend functionality across both fixed and mobile networks. This company is covered under both TSX and NYSE as V.CCV and CPAH respectively. “

Separately, ValuEngine raised CounterPath Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th.

CounterPath Corporation (CPAH) opened at 2.81 on Wednesday. The stock’s market capitalization is $13.90 million. The firm’s 50 day moving average is $2.66 and its 200 day moving average is $2.30. CounterPath Corporation has a 1-year low of $1.75 and a 1-year high of $2.99.

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In other news, major shareholder Steven Bruk acquired 180,446 shares of the firm’s stock in a transaction dated Thursday, July 20th. The shares were acquired at an average cost of $2.20 per share, with a total value of $396,981.20. Following the acquisition, the insider now directly owns 58,647 shares of the company’s stock, valued at $129,023.40. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Donovan Jones acquired 11,368 shares of the firm’s stock in a transaction dated Thursday, July 20th. The shares were purchased at an average cost of $2.20 per share, for a total transaction of $25,009.60. Following the completion of the acquisition, the chief executive officer now directly owns 71,935 shares in the company, valued at $158,257. The disclosure for this purchase can be found here. Insiders have bought a total of 200,870 shares of company stock worth $441,914 over the last ninety days. Insiders own 38.30% of the company’s stock.

CounterPath Corporation Company Profile

CounterPath Corporation designs, develops and sells software and services that enable enterprises and telecommunication service providers to deliver unified communications (UC) services, including voice, video, messaging and collaboration functionality, over their Internet Protocol (IP)-based networks.

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