Reading CSPI? Track it free: the weekly brief, plus an alert if the thesis breaks. No credit card.
Track CSPI free→Reading CSPI? Track it free: the weekly brief, plus an alert if the thesis breaks. No credit card.
Track CSPI free→NASDAQInformation TechnologyInformation Technology ServicesSnapshot 2026-06-15
Recent financial performance sits below its industry cohort — worth keeping an eye on, though it has not freshly broken.
Recent financial performance is neutral. Earnings quality cannot be assessed since the company was unprofitable over the past year. Management's recent track record has been steady. Risk is high, and the sector backdrop is a tailwind. Compared with sector peers, CSPI trades below typical levels. Peer multiples imply a price about 71% above where it trades (it looks cheap on this basis); the read is cheap, value-trap risk. This pattern occurs because it trades below peer multiples, but recent financials are weak. The read is provisional.
Daily closes. Earnings/event dots are placed inline.
A consensus fair price across 2 valuation methods, at three horizons. Current price $9.42. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
No-growth: today's peer multiple on trailing earnings. The headline read.
Embeds projected growth. Leans optimistic by design. Upside context.
We take the 12-month fair value above and grade our own number — how the market prices this name versus what we'd justify, and where the two diverge.
At $9.42 CSPI trades at 2× p/s — 1.3× the 1× p/s peer median. The market is re-rating it beyond its own range; our $27 fair value is medium-confidence here. Not investment advice.
One valuation read at a 12-month horizon, plus how price compares to peers and the company's own history.
The price implies about 65% below a flat-multiple fair value, below our forecast of about 6%. This describes what's priced in, not a forecast of the move.
TTM earnings are negative, so the read leans on sales- and cash-flow-based methods rather than P/E. This is a data condition, not a forward call.
Only a turbulent sector regime (Heating) — not the full expensive x weak x turbulent stack.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 2 of the last 3 quarter-over-quarter moves. Historically, Information Technology names rated neutral grew net income 54% of the time over the next year (vs 68% for the rest of the cohort, n=3704).
Over the trailing year it converted 47.90x of net income into operating cash flow.
Most sensitive to the broad stock market.
Not enough signal to read sensitivity to the US dollar, long-term interest rates, Fed net liquidity, real (inflation-adjusted) rates.
3 material management or governance events in the past 24 months, led by executive changes. Historically, Information Technology names rated stable grew net income 56% of the time over the next year (vs 62% for the rest of the cohort, n=797).
The next print and the backdrop around it (sector regime and the AI cycle). Context for the path, not a forecast of returns.
via XLK
Tailwind = sector leading the S&P 500; headwind = trailing. Both can be constructive. Historically, headwind regimes have averaged stronger forward returns than tailwind.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
A guidance track record builds as the company issues and delivers on guidance.
What a normal day, a bad day, and the worst of the last year would mean for a $10,000 position.
On a typical day, $10k can swing ±$173.
How much price usually moves either way.
On a bad day, this stock has moved -$550.
A rough but not unusual down day (about the 95th percentile).
In the worst 12 months, $10k could have lost $4,663.
Deepest peak-to-trough drop in the last year.
Past results, not a forecast. Not investment advice.
The most important moves since the prior daily snapshot.
No material changes since the prior snapshot.
as of 2026-06-15
Specific, dated things to watch for, each with what would confirm it and what would prove it wrong.
Why it matters: This growth is key for CSP, Inc. to show it is on track for fiscal 2026 goals.
Confirms:Q3 revenue shows growth compared to Q3 fiscal 2025.
Disproves:Q3 revenue declines compared to Q3 fiscal 2025.
Recent news graded against this company's own objectives — whether it reinforces or challenges the thesis, and how confirmed it is.
No graded news catalysts for CSPI yet.
Conditional scenarios: if X happens, the view would shift in this direction. These are not predictions.
Recent SEC 8-K filings ranked by likely impact, confidence, and recency.
Vice President of Finance and Chief Accounting Officer — Michael Newbanks: Mr. Newbanks left his position as Vice President of Finance and Chief Accounting Officer.
Whether the overall read has been drifting up or down lately, and how it's changed since last week.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Long-thesis check; widest uncertainty.
TTM earnings are negative. P/E-based methods drop out and the estimate leans on sales- and cash-flow-based methods. A data condition, not a forward call.
For similar setups historically (n=20,154): about 33% saw a 20%+ drawdown, and roughly 76% of those did not recover within the year. These are historical base rates for the cohort, not a forecast of this stock.
Looks more expensive than peers.
Self-history needs ~20 months of data.
Trailing four: 2025-Q2, 2025-Q3, 2026-Q1, 2026-Q2
A side-by-side read on sector standing, valuation, and risk versus IT Consulting & Other Services.
| Stock | Sector standing | Valuation | Risk |
|---|---|---|---|
CSPI CSP, Inc. | Below typical Show detailsSector percentile: 14 of 100 | inexpensive | high |
IBM IBM | Typical Show detailsSector percentile: 35 of 100 | expensive | moderate |
ACN Accenture | Above typical Show detailsSector percentile: 99 of 100 | full | elevated |
CTSH Cognizant | Above typical Show detailsSector percentile: 91 of 100 | fair | elevated |
APLD APPLIED DIGITAL CORPORATION | Below typical Show detailsSector percentile: 20 of 100 | expensive | high |
Not investment advice. As of 2026-06-15.
Context label only: describes the market state (e.g. real bear vs narrative panic, healthy uptrend vs late-stage froth). It is not a per-ticker buy/sell signal and does not predict factor performance.
Not investment advice. As of 2026-06-15.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Management aims to achieve full year revenue growth compared to fiscal 2025.
Management is optimistic about delivering additional growth in fiscal 2026.
Why it matters: A drop in sector growth could signal broader challenges for CSP, Inc. and its peers.
Confirms:Sector revenue growth falls below its median level.
Disproves:Sector revenue growth remains above its median level.
Results of Operations and Financial Condition. On May 7, 2026 CSP Inc. (the “Company”) issued a press release announcing its financial results for the second quarter of fiscal year 2026, which ended on March 31, 2026. A copy of the press release relating to such announcement is attached hereto as Exhibit 99.1 and is incorporated herein by reference. The information set forth in this Form 8-K, including the exhibits attached hereto, shall not be deemed “filed” for purposes of Section 18 of…
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Resignation of Michael Newbanks On March 10, 2026, Mr. Newbanks, Vice President of Finance and Chief Accounting Officer of CSP Inc. (the “ Company ”) provided notice of his decision to resign from the Company to spend more time with his family and pursue other opportunities. Mr. Newbanks’ resignation will be effective on the mutually agreed dat…
Results of Operations and Financial Condition. On February 12, 2026 CSP Inc. (the “Company”) issued a press release announcing its financial results for the first quarter of fiscal year 2026, which ended on December 31, 2025. A copy of the press release relating to such announcement is attached hereto as Exhibit 99.1 and is incorporated herein by reference. The information set forth in this Form 8-K, including the exhibits attached hereto, shall not be deemed “filed” for purposes of Secti…
Results of Operations and Financial Condition. On December 16, 2025 CSP Inc. (the “Company”) issued a press release announcing its financial results for the fourth quarter and full year of fiscal year 2025, which ended on September 30, 2025. A copy of the press release relating to such announcement is attached hereto as Exhibit 99.1 and is incorporated herein by reference. The information set forth in this Form 8-K, including the exhibits attached hereto, shall not be deemed “filed” for p…