Acme Packet Continues Its Momentum with a Fine Quarter, Increase in Guidance

Acme Packet (APKT) – one of our big winners of 2010 – reported last evening and had some excellent numbers. Analysts expectations of $60.8M and $0.23 were easily bested as APKT came in at $70.2M and non GAAP EPS of $0.26. This is another stock that benefited from F5 Networks (FFIV) earnings implosion as expectations of the investment community were tempered, although again, they don’t play in the same space. The stock is up 8% in premarket.

$0.99-$1.00 to $1.05. Full report here.

Acme Packet (NASDAQ:APKT – News), the leader in session border control solutions, enables the delivery of trusted, first-class IP communications, powering a new generation of applications and services for voice, data, video, multimedia and unified communications.

Disclosure: No position

About Mark Hanna 543 Articles

Affiliation: Hanna Capital, LLC

Mark Hanna is President and Owner of Hanna Capital, LLC, a registered investment advisory firm. Mark has been a follower of markets since the late 80s, with a focus on individual equities since the mid 90s. He has been a well known commentator in the financial blogosphere for the past 5 years, following a career in corpoporate finance and accounting. Mark attended the University of Michigan where he graduated with a degree in Economics.

As an avid reader, Market Montage is the personal blogging site for Mark to share his views on economics, markets, and the like. Occasional cynicism and wit shall be deployed in his postings.

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