logo
Share SHARE
FONT-SIZE Plus   Neg

Opnet Technologies Lowers Q4 Guidance

Opnet Technologies, Inc. (OPNT) 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."

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
U.S. food maker Kraft Heinz Co., which had offered $143 billion in cash and stock to buy Anglo-Dutch consumer goods company Unilever, Sunday said it has amicably agreed to withdraw its proposal for a combination of the two companies. Dairy giant Saputo Inc. is voluntarily recalling certain Gouda cheese products in the U.S. due to potential listeria contamination. Saputo said one of its suppliers, Deutsch Kase Haus, LLC of Middlebury, Indiana, notified the company that some specialty Gouda cheese products that it supplied to Saputo's Green Bay, Wisconsin facility may have been contaminated with Listeria monocytogenes. Amazon is exploring the possibility of using parachutes to drop drone-delivered packages. The e-commerce giant has been granted a patent titled, "Maneuvering a package following in-flight release from an unmanned aerial vehicle".
comments powered by Disqus
Follow RTT