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Cbeyond (CBEY) Get Ready For Stock Price Arctic Winter

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By Douglas A. McIntyre Published

Cbeyond (NASDAQ: CBEY) shares were hit with the Hammer of Thor today, trading off 33% to $15.58. That compares to a 52-week high of $46.51.

The firm did post rough earnings. Revenue moved up 31% for the fourth quarter to $75.9 million, but operating income fell 27% to $2.9 million due to high expenses. Cbeyond sells integrated packages of voice, broadband, and mobile services to small businesses and its customer churn rate rose.

Cbeyond’s CEO said that "the deteriorating economic environment has increased the number of our existing customers who are unable to pay us." With credit conditions as tight as they are access to capital for small business is likely to be exceeding difficult.

Cbeyond expect 2008 to show only modest growth, at least compared to the past. Revenue is expected to be in the $355 million to $360 million up about 26% from 2007.

The company will need a really fine piece of good news to get back on track.

Douglas A. McIntyre

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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