CTLP Stock Recent News

Evaluate the expected performance of Cantaloupe (CTLP) for the quarter ended December 2023, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.

Cantaloupe is a market leader in the growing self-service retail industry and has potential for long-term growth in new verticals and regions. Analysts are cautious about investing in Cantaloupe due to its high P/E ratio. Cantaloupe's transformation to a subscription model should drastically increase margins.

Cantaloupe has acquired Cheq Lifestyle Technology (CHEQ) to expand into the sports, entertainment and restaurant sectors with a suite of self-service commerce solutions. “There is tremendous synergy between both of our product lines and solutions that will grow our footprint across our combined customer base,” Cantaloupe CEO Ravi Venkatesan said in a Thursday (Feb. 1) press release.

MALVERN, Pa.--(BUSINESS WIRE)--Cantaloupe, Inc. (Nasdaq: CTLP), a digital payments and software services company that provides end-to-end technology solutions to power self-service commerce, today announced that management will host a webcast to discuss its financial results for the second quarter of fiscal year 2024 on Thursday, February 8, 2024 at 5:00 p.m. Eastern Time. A press release highlighting the financial results will be issued at approximately 4:05 p.m. Eastern Time the same day. A l.

A salmonella outbreak linked to pre-cut cantaloupe melon has killed eight people in the US and Canada.

Cantaloupe, Inc. (NASDAQ:CTLP ) Q1 2024 Results Conference Call November 9, 2023 5:00 PM ET Company Participants Dara Dierks - IR Ravi Venkatesan - CEO Scott Stewart - CFO Conference Call Participants Josh Nichols - B. Riley Gary Prestopino - Barrington Research Operator Ladies and gentlemen, thank you for standing by.

The headline numbers for Cantaloupe (CTLP) give insight into how the company performed in the quarter ended September 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Cantaloupe, Inc. is a digital payments and software services company that provides technology solutions for small-ticket businesses in the unattended retail market. The company is delivering solid revenue growth, is becoming increasingly profitable, and the stock has seen some insider buying of late as well. Analysts have reissued Buy ratings on the stock, however its current valuations may be too high given the economic environment and potential for a recession in 2024.

Cantaloupe (CTLP) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

Cantaloupe -- formerly known as USA Technologies -- announced mixed fiscal fourth-quarter results relative to Wall Street's expectations. Growth from transaction and subscription fees more than offset declines in equipment sales.