After yet another earnings beat -- its third in the last five quarters -- shares of Blucora (NASDAQ:BCOR) are trading near their highest levels in some five years, closing Tuesday at $17.65. The stock has fallen over 6 percent in the first two sessions this week; that drop may be due to some profit-taking after a 21% gain following the release of first quarter earnings on May 2.
Still, Blucora shares have outperformed recently, with shares better than double their levels of late 2011. But even with the improved valuation, the company's fundamentals still look impressive. Trailing non-GAAP earnings are $1.90 per share, putting the trailing P/E below 10, while the company's net cash balance of $126 million...
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