Sloop excellent earning release only reason stock is not trading up after hours is because market participants do not have a short memory. Those that bought shares after Q2 earnings release last quarter got face planted in the ensuing days. Today's release & communication will give longs more confidence regardless of the fact Allot has disappointed time and time again obviously maligned with their own company specific issues. Valuation disconnect can not be rationalized , Procera has caught up with a similar zip code run rate. Allot has 450 employees Procera 250 we have a global paw print and Allot failed to take advantage of a first to market advantage in several regions of the world. Both Buy Side & Side Side will walk away from this earning release knowing PKT is a mean lean Global operating machine. UP Tomorrow
Company performance is determined by the market, our leaders, and our staff, and, as we sadly know, stock price performance is determined by anyone with deep pockets who wants to game (manipulate) the market.
Looking at the Quarter, shareholders should be very pleased with the Company's performance.
This was a 'sleep well' conference call for longs, and a 'nightmare' for naked shorts.
HERE ARE SOME OF THE THINGS WE LEARNED:
"STRONG MOMENTUM IN WINNING NEW CUSTOMERS AND INCREASED DEMAND FOR OUR PRODUCTS ACROSS ALL CUSTOMER SEGMENTS."
WE ARE GAINING MARKET SHARE.
WE ARE AHEAD OF OUR COMPETITION
WE ARE THE LEADING VIRTUALIZATION COMPANY
WE HAD RECORD BOOKINGS IN Q3
PRODUCT REVENUES AND SUPPORT REVENUES ARE GROWING
WE WILL GROW AT LEAST 30% IN 2013 WHILE OUR CLOSEST COMPETITOR WILL SEE A 10% DECLINE
WE BEAT TOP LINE:
WE HAD REVENUES OF $21.33 MILLION FOR Q3 COMPARED TO THE CONSENSUS ESTIMATE OF $20.61 MILLION
WE BEAT BOTTOM LINE:
WE REPORTED ($0.01) EARNINGS/SHARE FOR Q3, BEATING THE THOMSON REUTERS CONSENSUS ESTIMATE OF ($0.06) EPS by $0.05.
Congratulations JB and Company on an excellent quarter!
I sure wish it was ll about the numbers ... it's really frustrating to watch investment $$ go to other places but that is a sad reality that feeds into the equation. I really hope I am wrong but I still think we will be heading sideways for the shorter term but will do quite well in the longer term.
I posted a few days back that BIG money is short 4K Nov 15 puts at 0.85. They have sold 4K puts and would want PKT to close above 15 on 11/15 (options expiration). They make profit on anything above $14.15 close on 11/15. So PKT is not going to go down thats for sure (very very very high probability). :)