Acme Packet, Inc. (NASDAQ:APKT) will unveil its latest earnings on Thursday, July 21, 2011. The company provides session border controllers that enable service providers to deliver secure interactive communications-voice, video and other real-time multimedia sessions-across Internet Protocol network borders. Investing in Technology: Google, Apple, Netflix and Leading Markets>>
Acme Packet, Inc. Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for profit of 21 cents per share, a rise of 40% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 20 cents. For the year, analysts are projecting net income of 89 cents per share, a rise of 36.9% from last year.
Past Earnings Performance: The company fell in line with estimates last quarter after topping forecasts the quarter before. After coming in above the mean estimate by 2 cents in the fourth quarter of the last fiscal year, the company fell in line with expecations by reporting profit of 20 cents per share last quarter.
Wall St. Revenue Expectations: On average, analysts predict $76.9 million in revenue this quarter, a rise of 44.1% from the year ago quarter. Analysts are forecasting total revenue of $322.6 million for the year, a rise of 39.5% from last year’s revenue of $231.2 million.
Analyst Ratings: Analysts are bullish on this stock with seven analysts rating it as a buy, one rating it as a sell and four rating it as a hold.
The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 58.3%, with the biggest boost coming in the fourth quarter of the last fiscal year when revenue rose 70.2% from the year earlier quarter.
The company has now seen net income rise in three straight quarters. In the first quarter, net income rose 64.5% while it rose 59.9% in the fourth quarter of the last fiscal year and more than twofold in the third quarter of the last fiscal year.
Competitors to Watch: Sonus Networks, Inc. (NASDAQ:SONS), Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC), Riverbed Technology, Inc. (NASDAQ:RVBD), Nokia Corporation (NYSE:NOK), Alcatel-Lucent (NYSE:ALU), Cisco Systems, Inc. (NASDAQ:CSCO), Ditech Networks Inc. (NASDAQ:DITC), Oracle Corporation (NASDAQ:ORCL), Motorola Solutions Inc (NYSE:MSI), and Motorola Mobility Hldgs. Inc (NYSE:MMI).
Stock Price Performance: During May 18, 2011 to July 15, 2011, the stock price had fallen $10.47 (-13.7%) from $76.37 to $65.90. The stock price saw one of its best stretches over the last year between August 23, 2010 and September 3, 2010 when shares rose for 10-straight days, rising 14.9% (+$4.73) over that span. It saw one of its worst periods between March 14, 2011 and March 18, 2011 when shares fell for five-straight days, falling 7.5% (-$5.42) over that span. Shares are up $12.74 (+24%) year to date.
(Source: Xignite Financials)
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