RE: RE: RE: RE: RE: RE: RE: RE: Earnings outActually, I did listen to the repeat call at about 10:30am. Mainly what I took away from it was unimpressed analysts during the Q&A, especially in the area of operational expenses and Caputo's refusal to provide any guidance for the next 2 quarters. And what was with their new "bookings" criteria? They throw it out there but when asked about it, couldn't really explain it clearly. At least I didn't understand it. Why mention it if it's not yet a usable metric? One of the analysts didn't sound to impressed with Caputo on that one.
And I think much of the selling has been institutional. The bid was $1.95 from $2.01 right after the report hit the wires and then increased gradually to $1.98 at about 9:10am and then dropped like a stone to $1.87 at 9:24am, shortly after earnings call ended.
I liked their slides though. Shows well their growing market. (
https://www.sandvine.com/downloads/investors/2010/c7e2b9f2-eb30-45aa-9ffa-7b3815b145a7/Q2-10_Earnings_Call.pdf)
Earnings call can be listened to here:
https://www.gowebcasting.com/events/sandvine/2010/07/08/second-quarter-2010-financial-results/play/select
I want to believe in this company cuz I have overloaded on it but until they start squeezing more profits out of the growing revenue stream, I can't get excited. I mean $2 million from $22.4 million is really disappointing. Caputo said he doesn't see a change in future op ex (up or down) so they'll really have to grow their revenues to get the EPS to move up significantly.
I guess we'll have to see how the next couple of quarters work out.