Key Developments For Tekelec
Tekelec (TKLC.O) (Nasdaq)
TEKELEC Raises FY 2009 Non-GAAP EPS Guidance; Reaffirms FY 2009 Revenue Guidance
TEKELEC revised fiscal 2009 guidance and expects revenue to range between $450-$460 million, GAAP earnings per share (EPS) to range from $0.61-$0.66 and non-GAAP EPS to range from $0.95-$1.00. Non-GAAP adjustments after tax represent approximately $0.27 per share. Of these amounts, approximately $7.0M would increase Non-GAAP cost of sales and reduce the Non-GAAP gross margin. According to Reuters Estimates, analysts were expecting the Company to report revenue of $457 million and non-GAAP EPS of $0.93 for the same period.
Iowa Network Services and Onvoy Voice Services Select TEKELEC For SS7 and VoIP Network Performance Management
TEKELEC announced that it has been selected to monitor signaling system 7 (SS7) and voice over internet protocol (VoIP) traffic by Iowa Network Services (INS) and Onvoy Voice Services. INS and Onvoy operate and co-own the SS7 network, and had a need to monitor the increasing volume of IP traffic on their individual networks. Tekelec's Integrated Applications Solution (IAS) will monitor, correlate and report on multi-protocol network traffic to deliver critical business intelligence information for troubleshooting, traffic management and improved network efficiency.
TEKELEC Raises Low End of Prior FY 2009 Guidance In Line With Analysts' Estimates
TEKELEC revised fiscal 2009 guidance and expects revenue to range between $450-$460 million, GAAP earnings per share (EPS) to range from $0.63-$0.73 and non-GAAP EPS to range from $0.90-$0.95. Non-GAAP adjustments after tax represent approximately $0.27 per share. Of these amounts, approximately $7.0M would increase Non-GAAP cost of sales and reduce the Non-GAAP gross margin. According to Reuters Estimates, analysts were expecting the Company to report revenue of $455 million and non-GAAP EPS of $0.92 for the same period.
TEKELEC Issues FY 2009 Outlook
TEKELEC announced that for fiscal 2009, it expects revenue to range between $440-$460 million, GAAP earnings per share (EPS) to range from $0.63-$0.73 and non-GAAP EPS to range from $0.85-$0.95.
Zain Group Taps TEKELEC To Enable Enhanced Consumer Offerings And Lower Operating Cost
TEKELEC announced that it has been chosen by Zain Group to enable Zain Nigeria Ltd. to quickly gain the benefits of migrating to an all Internet Protocol (IP) multimedia subsystem (IMS) network. Zain Group provides mobile services in 23 countries.
