Key Developments For Neutral Tandem, Inc.
Neutral Tandem, Inc. (TNDM.O) (Consolidated Issue listed on NASDAQ Global Market)
Neutral Tandem Inc. Raises FY 2009 Guidance
Neutral Tandem Inc. raised its fiscal 2009 guidance and expects revenue to be in the range of $168-$170 million, an increase from the previous forecast range of $162-$168 million and expects adjusted EBITDA, a non-GAAP financial measure, to be in the range of $82-$84 million, an increase from the previous forecast range of $77-$81 million. According to Reuters Estimates, analysts are expecting the Company to report EBITDA of $81 million on revenues of $167 million for fiscal 2009. The Company cited that based on actual results for the first three quarters of 2009 and management's current belief about minute-based revenue trends, expenses and the competitive environment as the primary reason for positive guidance.
Neutral Tandem Inc. And Movius To Provide Hosted Messaging Applications To Carriers
Movius Interactive Corporation and Neutral Tandem, Inc. announced a strategic joint offering to enable telecommunications carriers to reduce the risk and accelerate the speed of delivering new interactive messaging applications to market. Under the terms of the new arrangement, Movius and Neutral Tandem will provide messaging services on a hosted basis to wireless, wireline, cable and broadband operators. Movius' advanced suite of messaging, collaboration and interactive mobile media applications will be hosted in Neutral Tandem's IP compatible, interconnection network.
Neutral Tandem Inc. Raises FY 2009 Guidance
Neutral Tandem Inc. raised fiscal 2009 guidance and expects revenue to be between $162-$168 million, an increase from the previous forecast range of $158-$165 million. Adjusted EBITDA, a non-GAAP financial measure, for fiscal 2009 is expected to be between $77-$81 million, an increase from the previous forecast range of $74-$78 million. According to Reuters Estimates, analysts were expecting the Company to report revenues of $165 million and EBITDA of $79 million for the same period.
Neutral Tandem Inc. Raises FY 2009 Guidance
Neutral Tandem Inc. raised its fiscal 2009 guidance and expects revenue to be between $158 million and $165 million, an increase from the previous forecast range of $151 million to $158 million. and adjusted EBITDA, a non-GAAP financial measure, to be between $74 million and $78 million, an increase from the previous forecast range of $66 million to $70 million. According to Reuters Estimates, analysts are expecting the Company to report EBITDA of $71 million and revenues of $158 million for the same period.
Neutral Tandem Inc. Issues FY 2009 Outlook; Revenue Outlook In Line With Analysts' Estimates; EBITDA Outlook Slightly Above Analysts' Estimates
Neutral Tandem Inc. announced that for fiscal 2009, revenue is expected to be between $151 million and $158 million, adjusted EBITDA, a non-GAAP financial measure, is expected to be between $66 million and $70 million. According to Reuters Estimates, analysts were expecting the Company to report revenue of $151million and EBITDA of $64 million for the same period.
