Telecom & Wireless
Acme Packet Warning: Wile E. Coyote Loses Again (APKT, CSCO, RVBD, JNPR)
Published:
Last Updated:
Acme Packet Inc. (NASDAQ: APKT) is trading as though Wile E. Coyote is running the company and trying to sell to the Roadrunner. The company issued an earnings warning after the closing bell which lowered its full year outlook due to uncertainty among North American communications service providers. Telecommunications customers were giving weak orders during the quarter for its networking equipment for voice, video and data.
While Acme competes against Cisco Systems Inc. (NASDAQ: CSCO), shares of Riverbed Technology, Inc. (NASDAQ: RVBD) and Juniper Networks, Inc. (NASDAQ: JNPR) are the stocks suffering after posting gains in the first day of 2012.
Acme cut its targets to $1.03 to $1.05 EPS for the year on sales of $308 million to $310 million. When it gave guidance in October, those ranges were $1.14 to $1.18 EPS on sales of $315 million to $320 million.
The stock was initially halted after a 2.9% gain to $31.81 today, but shares are down 17.5% in the after-hours session down around $26.25. Sadly, this is going to make for a 52-week low as the range over the last year was $29.25 to $84.50.
JON C. OGG
The #1 Thing to Do Before You Claim Social Security (Sponsor)
Choosing the right (or wrong) time to claim Social Security can dramatically change your retirement. So, before making one of the biggest decisions of your financial life, it’s a smart idea to get an extra set of eyes on your complete financial situation.
A financial advisor can help you decide the right Social Security option for you and your family. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you.
Click here to match with up to 3 financial pros who would be excited to help you optimize your Social Security outcomes.
Have questions about retirement or personal finance? Email us at [email protected]!
By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.
By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
