New York, May 21, 2026, 11:01 (EDT)
- CSPI was last at $9.51, up 9 cents, on thin volume in late-morning trade in New York.
- The latest quarterly dividend for the stock went ex-dividend on May 21. The $0.03 payout is set for June 15.
- The next thing to watch is if AZT PROTECT installs lead to consistent revenue, not just a single-quarter boost.
CSP Inc. shares inched up Thursday as the tech and cybersecurity company went ex-dividend. The move comes after CSP, which trades on the Nasdaq, posted a quarterly profit earlier this month.
The stock traded at $9.51 as of 10:44 a.m. ET, up 9 cents on the day, according to market data. Just 1,949 shares had changed hands. With a market cap near $92.4 million, moves can be amplified by light volumes and small trades.
May 21 is key for CSPI because it’s the ex-dividend date, when new buyers lose the right to the next payout. According to StockAnalysis, CSPI has a $0.03 cash dividend set, payable June 15 for shareholders on record as of May 21.
Trade happened during regular U.S. market hours. Nasdaq’s 2026 holiday list says the next equity market day off is Memorial Day, May 25. Markets will not be closed this Thursday.
CSPI turned in its latest quarterly results on May 7, filing the numbers with the SEC. The company put second-quarter revenue at $16.0 million, up 21.8%. Product sales picked up this quarter. Net income reached $264,000, or 3 cents per share, against a loss last year.
CSPI is on track halfway through the year and had “a solid quarter,” Chief Executive Victor Dellovo said. Management still sees a chance at full-year growth in fiscal 2025, he said.
CSPI’s cybersecurity unit, AZT PROTECT, is on investor radar along with the managed IT business. In April, CSPI said it installed AZT PROTECT at over two dozen U.S. facilities for a global cement company and wanted to expand those deployments. The company is also in packet capture, which is recording network traffic for analyzing threats and tracking system activity.
CSPI shares traded higher in choppy cybersecurity action. Palo Alto Networks added roughly 0.9%. Fortinet dropped around 1.4%. The move in CSPI looked tied to its own dividend news and fresh earnings, rather than a broad move across the group.
Risk appetite didn’t hold back the shares. U.S. stocks rallied Wednesday, with the Nasdaq Composite climbing 1.5% and the Russell 2000 gaining 2.6%. Lower Treasury yields and weaker oil prices gave both indexes a lift.
Still, it’s not all upside. CSPI’s own filing said gross margin dropped to 27.9% from 32% a year ago, citing more product revenue in the quarter. Balance sheet cash fell to $23.1 million, down from $27.4 million at Sept. 30, after customer financing.
Downside is pretty clear. If new AZT PROTECT trials don’t grow into bigger rollouts, or if lower-margin products keep outpacing services growth, then the profit recovery could stay thin. For a microcap with light trading, even minor setbacks can hit the share price quickly.
