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 telecommunications infrastructure provider Acme Packet
So what: The official earnings release isn't scheduled until later this month, but the company has a pretty good idea of what to expect at this juncture. Revenue will be approximately $70 million and non-GAAP earnings per share between $0.20 and $0.22. These figures are lower than the $82.8 million revenue and $0.30 earnings that analysts were looking for.
Now what: The softness is related to a large order from AT&T
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