Acme Packet (APKT) Guides Lowers
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Acme Packet, Inc. (NASDAQ: APKT) sees Q2 revenues between $24.5 million and $25.5 million and Non-GAAP EPS of $0.02. The Wall Street consensus is $33.6 million and $0.09.
CEO Andy Ory said, "Our top line results were adversely impacted by two specific factors. First, there were a number of transactions that unfortunately did not close on the schedule that we had forecasted together with various customers. We do not believe that any of these opportunities were lost to competitors and we expect these transactions will close in this calendar year. Second, we shipped a relatively high volume of product in the last several days of the quarter which we were unable to recognize in the second quarter due to time-based acceptance criteria with various customers."
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