Time to be wrapping up the day. WebEx Communications deserves mention. WEBX closed at $14.41 up $1.40 on the day a gain of 10.76%.
It sounds a little like a dot-com again...yikes...but the numbers are good. WEBX provides "a global network and scalable platform for real-time interactime multimedia communications services on the Internet using a standard Web browser."
Did you get that? Anyway, they are making money.
Last quarter, WebEx reported revenue of $41.8 million up 41% from the prior year. EPS was $.15 compared to $.03 last year.
Morningstar.com documents the explosive growth in revenue for this company. Trailing p/e is reasonable at about 26. The company which was cash flow negative in 2001, is now cash flow positive.
I don't own any shares of this issue, and think probably this is a more speculative company...but perhaps this will be where we will find our greatest results as we look for investments!
Regards to all. Bob