eOn Communication Skyrockets On Stellar Financial Results - sourced PicksThatmove.com
eOn Communications Corporation, Sprint Nextel Corporation
Calgary, AB 11/09/2009 06:47 PM GMT (TransWorldNews)
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eOn Communication Skyrockets On Stellar Financial Results
The hot stock information of the day includes: EONC, S
eOn Communications Corporation (NASDAQ:EONC) skyrocketed 133.94% up to $3.86 in early afternoon trading on news today the company reported strong results in their fourth quarter and fiscal year ended July 31, 2009. Fourth quarter revenue increased 217% up to $5,089,000 compared to $1,604,000 in the fourth quarter of last year and increased 106% compared to revenues of $2,465,000 in the third quarter of this year. Total year revenue increased 52% to $10,645,000 compared to $6,994,000 in fiscal year 2008. Based in San Jose, California, eOn Communications Corporation, is a technology company providing innovative communication solutions in the US and worldwide. The company specializes in voice over Internet protocol (VoIP) for residential and small to medium business customers. In April 2009, eOn completed the acquisition of Cortelco Systems Holding Corp. Cortelco merged with a wholly owned subsidiary of eOn, and became a wholly owned subsidiary of eOn.
Sprint Nextel Corporation (NYSE:S) gained 10.18% up to $3.14 on no news. Headquartered in Overland Park, Kansas, Sprint Nextel Corporation is a lead provider of wireless and wire-line telecommunications products and services to consumers, businesses, and government users in the US. Sprint Nextel develops and engineers wireless networks for mobile data services which served more than 48 million customers by the end of their third quarter of 2009. Sprint Nextel is the first to offer 4G service from a national carrier in the US.
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