EmailStory Stocks®
Archive
Last Update: 03-Jan-12 10:03 ET
RADVision Up 4% After Raising Fourth Quarter Guidance This Morning
RADVision (RVSN $8.81 +0.34) is about 4% higher after raising its fourth quarter guidance this morning.
Earlier, the company raised its non-GAAP EPS guidance to ($0.18)-(0.21) from ($0.31) vs ($0.32) Capital IQ two Estimate avg. Also, the company raised its revenue guidance to $21.5 million to $22.0 million from ~$18 million versus $17.90 million Capital IQ two est avg.
The improved fourth quarter outlook mainly reflects record sales of its video endpoints as well as stronger than expected infrastructure sales, which contributed to higher than anticipated revenues in the company's Video Business Unit (VBU). Total VBU sales are expected to approximate $18.0 million to $18.5 million vs. its forecast of $14.0 million. Its Technology Business Unit (TBU) sales are expected to approximate $3.5 to $4.0 million. The co also reported that each region achieved sequential revenue growth in the 2011 fourth quarter, despite continued competitive conditions globally.
Earlier, the company raised its non-GAAP EPS guidance to ($0.18)-(0.21) from ($0.31) vs ($0.32) Capital IQ two Estimate avg. Also, the company raised its revenue guidance to $21.5 million to $22.0 million from ~$18 million versus $17.90 million Capital IQ two est avg.
The improved fourth quarter outlook mainly reflects record sales of its video endpoints as well as stronger than expected infrastructure sales, which contributed to higher than anticipated revenues in the company's Video Business Unit (VBU). Total VBU sales are expected to approximate $18.0 million to $18.5 million vs. its forecast of $14.0 million. Its Technology Business Unit (TBU) sales are expected to approximate $3.5 to $4.0 million. The co also reported that each region achieved sequential revenue growth in the 2011 fourth quarter, despite continued competitive conditions globally.
