C-COR Incorporated is a NASDAQ listed security that has been trading in a range between $6.36 and $16.00 over the past year. With 49,563,650 shares outstanding, a recent price of $14.98 gives a total market capitalization of $729,576,941. While there are certainly larger companies, C-COR Incorporated has definitely earned its place in the pack. Last year, C-COR Incorporated created $0.52 in earnings for every share outstanding.
C-COR Incorporated is currently priced by the market at 29.00 times last year’s earnings. Many trading multiples around the world are quite attractive these days, but don’t be fooled. A Price to Earnings ratio of 0 simply means that the security didn’t make any money last year.
With a share price under $50 a share and earnings per share below $1 a share, C-COR Incorporated could be an interesting value proposition. Consistent earnings are the key to high valuations and this security is well on its way.
Monday, July 30, 2007
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