Meru Networks (MERU) Reports Preliminary Q1 Revs Below Views
Tweet
Share
E-mailGet Alerts MERU Hot Sheet
Join SI Premium – FREE
Meru Networks, Inc., (Nasdaq: MERU), has provided preliminary unaudited financial results for its first quarter ended March 31, 2012.
Based on preliminary financial information, Meru Networks expects to report first quarter revenue in the range of $19.0 million to $19.5 million. The company expects to report cash, cash equivalents and investments of approximately $36.6 million and outstanding borrowings on its existing credit facility of $6.9 million as of March 31, 2012.
The Street is currently looking for revs of $21.9 million.
Based on preliminary financial information, Meru Networks expects to report first quarter revenue in the range of $19.0 million to $19.5 million. The company expects to report cash, cash equivalents and investments of approximately $36.6 million and outstanding borrowings on its existing credit facility of $6.9 million as of March 31, 2012.
The Street is currently looking for revs of $21.9 million.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Walmart (WMT) PT Lowered to $130 at UBS on Investment Narrative's Competing Dynamics
- Bernstein SocGen on Meta Platforms Inc. (META): 'Risk-reward remains attractive'
- BMO starts chip stocks coverage: Here are its preferred picks
Create E-mail Alert Related Categories
Guidance, Hot GuidanceRelated Entities
EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
