InfoSpace Surges, Who Knew?

Who knew that InfoSpace (INSP) was still around? The search company was popular in the early stages of the Internet, way back in the 1990s. But the company said today that revenue and earnings are going to far exceed the current projections for the fourth quarter. It’s stock rose close to 25% on the news.

Not anywhere near it’s 2000 peak of $1,305, the stock closed the day at $11.59. One of the dot-com darlings, the company has survived and even acquired a number of mobile properties since the bursting of the bubble, including Go2Net, Moviso, and Switchboard.

InfoSpace now expects revenue to be close to $70 million or an increase of 90% from the same quarter a year ago. The prior estimate was for only $57-60 million in revenue. New earnings forecasts are in the range of $6.3 million to $7.5 million compared to analysts estimates of $3.4 million to $4.4 million. The company lost $6.8 million last year.

If you have dotcom fever once again, InfoSpace looks attractive with a 38.63 price to earnings ratio and 90% growth.