RE: bullish on 2nd qtr results??? not me
I would state that Q2 has to be good...north of $25 million. Management is not stupid (contrary to opinion) and they know their backs are to the wall right now. I'm sure there was extreme pressure to get orders booked and backlog filled.
Allot and Procera continue to grow revenues and market share. The industry is growing fast and all (SVC, PKT, and ALLT) should grow at a pretty good clip the next few years until the market becomes saturated.
SVC has always stated that they could experience quarterly volatility in their earnings...they just never had until Q1.
I will give them a mulligan for Q1 but rest of the year needs to be strong. I still beleive story in tact and 2011 should produce $100m+.