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EONC is a small company trading at |
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less than a $5 million market cap. |
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Released on Friday, December 16, 2011, 1:00 PM ET
Pittsburgh, PA (SpeculatingStocks) - Amid market slumps and earlier this week as investors became increasingly concerned over the European debt crisis despite the recent summit this weekend among the sovereign state one company has defied the odds and risen nearly 100% in one trading day.
eOn Communications Corporation ( NASDAQ:EONC) recently released their 10-Q and a description of the results which can be found here.
In the analysis eOn noted that net revenues increased 7% from the quarterly earnings over a year ago, specifically attributing a portion of that growth to the Cortelco product line that was purchased in April, 2009. The findings also revealed that gross profits benefited from a 1% increase as well. According to the report, the company has a total income per share of $0.11 for the quarter ending October 31st, 2011.
Currently eOn is trading at $1.54 per share (1:00 PM EST, December 16th, 2011) and runs a market capitalization around $4.41 million. It seems to be financially stable with a strong current ratio at 2.79 and a total revenues last year of $22.75 million, not bad for such a tiny corporation. The price of the company took a hard hit last quarter as earnings were less than expected due to a listed item of “Unusual Expenses” consuming what should have been a near profitable quarter.
As a result the price slid, but when the favorable earnings report was released yesterday December 13th, 2011, the investors began to pile in. This call processing and consulting company could be a great touch if it continues to purchase extendible products and increase its business. Specifically the company specializes in integrating communications—telephone, internet, and data flow—through to business and call centers. They even spend a portion of their earnings on research and development costs attempting to forward the field.
A very small company which shows a lot of heart for communications; it has been around for 20 years and carries the experience, perhaps it will find the perfect niche to work with and will take root and grow. The stock could jump in any direction on this one; in fact the recent results have yet to even take effect on most of the indicators given their drastic values, but definitely one to keep an eye on. Cheap and looking to increase earnings, this might just be a winner.
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