Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Opnet Technologies Lowers Q4 Guidance

Opnet Technologies, Inc. (OPNT: Quote) announced that it lowered its fourth-quarter outlook. Looking ahead for the fourth-quarter, the company now expects GAAP net income per share to be in the range $0.16 and $0.17, Non-GAAP net income per share of $0.20 and $0.21 and revenue of $44.4 million to $44.6 million. Earlier, the company had expected GAAP earnings of $0.17 to $0.29 per share, adjusted earnings to be in a range of $0.20 to $0.32 per share, revenues of $45 million - $49 million.

Analysts polled by Thomson Reuters expect the company to report earnings of $0.26 per share on revenues of $46.99 million for the fourth-quarter. Analysts' estimates typically exclude special items.

The company now expects revenue for fiscal 2012 to be in the range of $172.6 million to $172.8 million, compared to prior outlook of revenues between $173 million and $177 million. Analysts expect the company to report revenues of $175.16 million for fiscal 2012.

Marc Cohen, OPNET's Chairman and CEO, stated, " Our Q4 estimated revenue results were affected by last minute purchasing delays associated with approximately $2.4 million of deals we expected to close during the quarter. Two of these deals, which account for approximately 56% of the delayed total, have been partially booked and we expect the remaining portion of both deals to be booked by the end of April. The deals that make up the remaining delayed total are all in process, and are also expected to close by the end of April."

Register
To receive FREE breaking news email alerts for OPNET TECH INC and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
The Bank of Japan expanded its massive quantitative and qualitative easing unexpectedly as policymakers assessed it necessary to achieve the 2 percent inflation target even after a sales tax hike in April. In a 5-4 vote, the Policy Board led by Governor Haruhiko Kuroda decided to raise the monetary base at an annual pace of about JPY 80 trillion. LinkedIn Corp., the world's largest online professional network, said Thursday after the markets closed that its third quarter loss widened slightly from last year, as higher costs and expenses more than offset a 45% increase in revenue. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations as did its quarterly revenue. After ending the previous session modestly lower, stocks moved mostly higher over the course of the trading day on Thursday. The gains on the day more than offset yesterday's losses, lifting the major averages to their best closing levels in a month.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.