Collins Stewart Maintains Hold Rating For Cbeyond, Inc. (CBEY)

Analysts Greg Miller and Eric Z. Chu at Collins Stewart have released an update on Cbeyond, Inc. (NASDAQ: CBEY). On Wednesday, the company reported its first-quarter results.

Cbeyond reported first-quarter revenue of $110.5 million, which was slightly below analysts’ estimate of $111.2 million. The company reported adjusted EBITDA of $18.6 million, which was higher than analysts’ estimate of $17.6 million.

Analysts at Collins Stewart have reiterated their Hold rating for Cbeyond, Inc. The price target for the company has been maintained at $15.