Wednesday, Veraz Networks, Inc. (VRAZ), a provider of application, control, and bandwidth optimization products, said it expects to post narrower loss and higher revenues for the fourth quarter than the outlook provided earlier, citing steady customer demand for particularly its Internet protocol products and services.
The San Jose, California-based company now expects fourth-quarter loss in a range of $1 million - $2 million, or $0.02 - $0.04 per share, narrower than the earlier estimate of a loss of $2 million - $3 million, or $0.04 per share - $0.07 per share.
Excluding items, net income for the fourth quarter is now expected to be breakeven to $1 million or $0.00 - $0.02 per share, as compared with previous guidance of a net loss of $1 million - $2 million, or $0.01 - $0.04 loss per share.
Six analysts polled by First Call/Thomson Financial currently expect the company to report loss of $0.06 per share for the quarter. Analysts' estimates typically exclude special items.
Veraz expects to report fourth-quarter sales in a range of $25.5 million - $26.5 million, while analysts expect $22.92 million. This is higher than the previous estimate of $22 million to $24 million.
VRAZ closed Tuesday's trading at $0.36 on Nasdaq.
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