Concord confident with 4Q expectations

Concord Communications (Nasdaq: CCRD) said it's on track to meet its fourth quarter financial targets.

After market close Wednesday, the vendor of e-business software and services said it was comfortable with its earlier guidance for the December quarter, not counting a one-time charge for an investment write-off.

The company had previously forecast fourth quarter earnings of 5 to 7 cents per share, on revenue of $25 million to $27 million. First Call consensus predicts a profit of 6 cents per share for Concord's fourth quarter.

Concord has added 65 customers so far in the fourth quarter, said Jack Blaeser, CEO and president.

The company plans to record a $2.3 million write-off of a minority stake in Broadband Infrastructure Group, which plans to halt operations.>