OPNET Technologies Shares Got Destroyed: What You Need to Know

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of OPNET Technologies (NAS: OPNT) are getting destroyed today by as much as 25% after the company reported quarterly earnings last night.

So what: The network performance solution provider reported second-quarter revenue of $41.9 million, which gave way to $0.24 earnings per share. Revenue came in short of analysts' estimates while net income was right on target with expectations.

Now what: Revenue in the third quarter is expected in the range of $44 million-$49 million, below the consensus of $47.1 million. The company's board has also approved a one-time special dividend of $0.85 per share, in addition to its $0.12 quarterly dividend. Investors are disappointed as the company also warned that it may have trouble sealing some deals in the current quarter.

Interested in more info on OPNET Technologies? Add it to your watchlist byclicking here.

At the time thisarticle was published Fool contributorEvan Niuholds no position in any company mentioned.Click hereto see his holdings and a short bio. Try any of our Foolish newsletter servicesfree for 30 days. We Fools may not all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. The Motley Fool has adisclosure policy.

Copyright © 1995 - 2011 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.