From Briefing.com...
22-Jul-99 AFTER THE CLOSE
Concentric Network Corp. (CNCX) 33 1/2 -1 1/2: provider of Internet business solutions for small to medium-sized companies posts a Q2 loss of $0.64 a share, three cents narrower than the First Call loss estimate, vs year-ago loss of $0.74; revenues increased 68% to $33.0 mln.....
07-Jun-99 AFTER THE CLOSE
Microsoft Corp. (MSFT) 80 1/4 +11/16: software maker announces Web-collaboration services based on Office 2000 that will be delivered through leading ISPs, including Concentric Network Corp. (CNCX 34 +2 5/32) and Verio Inc. (VRIO 61 3/8 +2 5/8); see press release.....
05-Feb-99 BEFORE THE OPEN
Concentric Network (CNCX) 45: provider of Internet networking solutions announces that SBC Communications (SBC 50 3/4) has purchased 806,679 shares at approximately $19.5 mln; Concentric has issued to SBC a warrant to purchase 906,679 shares of Concentric's common stock at an exercise price of $21.00 per share;
CONCENTRIC NETWORK CORP (CNCX) . CNCX is another in a long list of largely-undiscovered Internet stocks that has experienced triple-digit gains since the beginning of the year. CNCX provides wide area intranets and extranets for the enterprise. These IP-based Virtual Private Network services connect enterprises with their remote sites, mobile users, business partners and customers. Since the beginning of March, CNCX shares have almost doubled and the stock has jumped more than 30% since last week, alone. Today, the stock has advanced 11% on volume of 400,000 shares, compared to average daily volume of 137,000 shares. According to Zacks, CNCX is currently followed by four analysts, 2 rating the stock a "strong buy," one rating the shares a "buy," and another viewing the issue as a "strong sell." For 1997, CNCX reported revenues of $45.46 million, up 191% from the year-ago period. The company's net loss for the year was $5.43 per share on a pro-forma basis, compared to a FY96 loss of $11.88 per share. What really stands out about this stock is its relatively cheap Price/Sales ratio. These days, it is tough to find an Internet play with a P/S of under 15. However, even after rising so much over the past month, CNCX still sports an extremely attractive P/S of 7.8. This piece is not meant to pump CNCX shares, simply to alert our readers to another low-profile stock that is riding the latest wave of Internet enthusiasm. |
