3Com Corp. (NASDAQ:COMS) posted a net loss of $18.7 million, or -$0.05 EPS, but on a non-GAAP basis outside of restructuring costs it made $12.2 million, or $0.03 EPS. Analysts were expectingg $0.02. Revenue rose to $319.4 million, above the $300.1 million a year ago and slightly above analyst estimates of $318.3 million.
Shares closed up almost 4% today at $3.74. We didn’t get to listen to this conference call, but shares are giving back the gains in after-hours with shares down close to 5% at $3.57. The 52-week trading range is $3.24 to $5.24. Since we didn’t get to hear what the sell-of was about we won’t speculate as this is a small company now. But here are some points investors should consider:
- This is one we have noted as a company that management can’t fix.
- Barron’s questioned it after a Citadel investment.
If we get a chance, we’ll look further into this one later.
Jon C. Ogg
September 20, 2007
It’s Your Money, Your Future—Own It (sponsor)
Are you ahead, or behind on retirement? For families with more than $500,000 saved for retirement, finding a financial advisor who puts your interest first can be the difference, and today it’s easier than ever. SmartAsset’s free tool matches you with up to three fiduciary financial advisors who serve your area in minutes. Each advisor has been carefully vetted and must act in your best interests. Start your search now.
If you’ve saved and built a substantial nest egg for you and your family, don’t delay; get started right here and help your retirement dreams become a retirement reality.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.