The 10-second takeaway
For the quarter ended June 30 (Q1), OPNET Technologies beat slightly on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP earnings per share shrank.
Margins shrank across the board.
OPNET Technologies chalked up revenue of $44.0 million. The nine analysts polled by S&P Capital IQ predicted revenue of $43.2 million on the same basis. GAAP reported sales were 9.4% higher than the prior-year quarter's $40.2 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.16. The nine earnings estimates compiled by S&P Capital IQ predicted $0.16 per share. GAAP EPS of $0.16 for Q1 were 11% lower than the prior-year quarter's $0.18 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 79.2%, 150 basis points worse than the prior-year quarter. Operating margin was 14.1%, 150 basis points worse than the prior-year quarter. Net margin was 8.6%, 180 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $47.8 million. On the bottom line, the average EPS estimate is $0.22.
Next year's average estimate for revenue is $196.6 million. The average EPS estimate is $0.95.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 137 members out of 142 rating the stock outperform, and five members rating it underperform. Among 33 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 32 give OPNET Technologies a green thumbs-up, and one gives it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on OPNET Technologies is outperform, with an average price target of $31.89.
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