Orlando, FL 3/11/12 (StreetBeat) – OPNET Technologies (Nasdaq: OPNT), a provider of IT performance management systems, this afternoon warned that results for its fiscal fourth quarter ended March 31 came in short of previous expectations. The company sees revenue for the quarter of $44.4 million to $44.6 million, with non-GAAP profits 20-21 cents a share. The Street had been projecting $47 million and 26 cents a share.“While we are disappointed that we did not achieve our revenue guidance for the quarter, we believe the contributing factors were isolated and not a reflection of our overall business strength,” CEO Marc Cohen said in a statement.
Cohen added that Q4 estimated revenue results were affected by last minute purchasing delays associated with approximately $2.4 million of deals the company had expected to close during the quarter.
OPNET is down $3.61, or 13.57%, to $22.99.
Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.
StreetBeat Disclaimer
No comments:
Post a Comment