Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Why Shares Soared

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of (NASDAQ: SPRT  ) have risen 20% today after the company beat earnings expectations. Investors also seem happy that the company's CFO is leaving, because there's nothing else in the report that appears to justify this much optimism.

So what: reported revenue of $20.1 million and earnings of $0.07 per share for the second quarter, against Wall Street's consensus of $20.0 million and $0.05 per share. The company's bottom-line beat was respectable, but looking forward, now expects third-quarter revenue in the $21 million to $22.5 million range, and adjusted EPS of $0.03 to $0.05. Neither number pops -- analysts had modeled $21.5 million in revenue and $0.06 in EPS, so the bottom-line softness is a bit troubling. also announced that CFO Shelly Schaffer will be stepping down to work with Simply Hired in the fall, and will be staying on only until the end of the fiscal third quarter.

Now what:'s got a high triple-digit P/E at the moment, as its earnings finally nudged into positive territory this year after spending years dawdling in negative territory. However, it seems that today's pop attaches a little too much excitement to what seems to be relatively modest progress. Shares have now doubled over the past year. How much more momentum is left?

Want more news and updates? Add to your watchlist now.

It's incredible to think just how much of our digital and technological lives are almost entirely shaped and molded by just a handful of companies. Find out "Who Will Win the War Between the 5 Biggest Tech Stocks?" in The Motley Fool's latest free report, which details the knock-down, drag-out battle being waged by the five kings of tech. Click here to keep reading.

Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2574170, ~/Articles/ArticleHandler.aspx, 9/25/2016 5:22:38 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 1 day ago Sponsored by:
DOW 18,261.45 -131.01 -0.71%
S&P 500 2,164.69 -12.49 -0.57%
NASD 5,305.75 -33.78 -0.63%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/23/2016 4:00 PM
SPRT $0.87 Up +0.06 +6.81%
SupportSoft CAPS Rating: ****