Why OPNET Technologies Skyrocketed
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 software maker OPNET Technologies (NAS: OPNT) have skyrocketed today by as much as 28% after the company reported fourth-quarter earnings.
So what: OPNET posted preliminary figures a month ago, causing shares to plunge, and the official results came in at the high end of what was expected. Revenue was $44.6 million while non-GAAP EPS was $0.21. OPNET also increased its June dividend to $0.15 per share.
Now what: Investors are also probably relieved that CEO Marc Cohen said the $2.4 million in delayed purchase deals that were mentioned last time have now been closed, taking that uncertainty out of the equation. The company also offered first-quarter outlook, with sales expected from $42.5 million to $45 million and adjusted earnings per share in the range of $0.16 to $0.23. That's mostly in line with the $43.7 million in sales and $0.21 per-share profit that the Street is looking for.
Interested in more info on OPNET Technologies? Add it to your watchlist byclicking here.
At the time this article was published Fool contributor Evan Niu holds no position in any company mentioned. Click here to see his holdings and a short bio. The Motley Fool has a disclosure policy. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.