User 268270

3Com Reports Strong Quarter

The stock did not move much after a great Q1 earnings report. Not only the company beat estimates by 5 cents but also guided an equally good Q2. The earnings per share in the first half of 2009 would be more than the whole year 2008 with solid cash generation. I think they need to build on this momentum for next couple of quarters before the share price moves up.

3Com: A Rare Gem in Today's Market

The stock did not move much after a great Q1 earnings report on 22 Sept. Not only the company beat estimates by 5 cents but also guided an equally good Q2. The earnings per share in the first half of 2009 would be more than the whole year 2008. May be the street is not happy with their reporting of non GAAP basis. On GAAP basis they earned 3 cents a share excluding gain on patent.