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Acme Packet, Inc.

5/24/2013, 11:53 PM ET

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Monday, February 4, 12:45 PM Midday top 10 gainers: HPTX +31%. APKT +22%. EBOD +16%. PGRX +15%. SONS +14%. PC +11%. EDAP +9%. ORRF +10%. HMY +9%. TAOM +9%.
Midday top 10 Losers: INUV -13%. CLSN -13%. SED -12%. CYTK -8%. VVI -9%. CTC -8%. PRIS -8%. PERI -8%. BLIN -8%. CFBK -8%. Comment! [On the Move]
Monday, February 4, 9:22 AM More on Oracle/Acme Packet: The purchase of Acme, whose session border controllers shuffle VoIP traffic between networks, makes Oracle a telecom equipment firm. While Oracle sells plenty of software, servers, and storage to service providers, it hasn't yet made such a direct foray into infrastructure gear. However, Acme's solutions are differentiated by its Net-Net OS and other software, which arguably complement Oracle's service management and unified communications offerings for telcos and enterprises. ORCL -1.2%. APKT +22.9% to $29.42, slightly above the buyout price. Comment! [Tech, M&A]
Monday, February 4, 9:10 AM Premarket gainers: APKT +23%. RMTI +22%. SONS +10%. PPHM +8%. CCUR +6%. GALE +6%.
Losers: HLF -9%. Comment! [On the Move]
Monday, February 4, 8:15 AM Acme Packet (APKT): Q4 EPS of $0.09 beats by $0.01. Revenue of $70.7M (-14.8% Y/Y) beats by $2M. (PR) Comment! [Earnings, Breaking News, Tech]
Monday, February 4, 8:12 AM Kudos to SA Pro author Akram's Razor who turned bullish on Acme Packet (APKT) - an old favorite short of his - late last week. Oracle's buyout price of $29.25/share is a 22% premium to Friday's close. Update from Akram's Razor at 8:24 ET: "I think they get another bid." Comment! [Tech, On the Move]
Monday, February 4, 8:06 AM Oracle (ORCL) will buy Acme Packet (APKT) for $29.25 per share in a $1.7B transaction expected to close in the first half of the year. ORCL -2.0% premarket, APKT halted. 1 Comment [Tech, M&A, Breaking News]
Monday, February 4, 12:10 AM Notable earnings after Monday’s close: ACLS, APC, APKT, ARRY, BIDU, EW, GGP, GILD, HI, HIG, HOLX, LEG, LIFE, MDU, MKL, SIMO, SWI, YUM Comment! [Earnings]
Sunday, February 3, 5:35 PM Notable earnings after Monday’s close: ACLS, APC, APKT, ARRY, BIDU, EW, GGP, GILD, HI, HIG, HOLX, LEG, LIFE, MDU, MKL, SIMO, SWI, YUM Comment! [Earnings]
Friday, January 4, 12:58 PM Heavily-shorted Acme Packet (APKT +12.4%) soars on an upgrade to Buy from Stifel, which predicts sales of Acme's session border controllers will get a big 2013 lift from deployments of VoLTE systems from mobile carriers. Stifel's checks indicate AT&T will likely start deploying VoLTE "in the very near-future," and thinks there are launch dates for 11-13 of the 27 VoLTE projects Acme has said it's a part of. It thinks EPS could jump to $0.65-$0.70 in 2013 (the consensus is at $0.52) and $1 in 2014. Acme fell more than once last year on reports of VoLTE delays. (yesterday) Comment! [Tech, On the Move, Quick Ideas]
Friday, January 4, 12:45 PM Midday top 10 gainers: SHIP +45%. EGLE +36%. GTIM +26%. DRYS +17%. SCTY +14%. UNXL +13%. HNR +13%. GEVO +12%. APKT +13%. PRGN +13%.
Midday top 10 Losers: ARAY -20%. SIMG -13%. DRTX -8%. VISN -7%. KGJI -7%. EMMS -7%. FINL -6%. ALIM -6%. SPRT -6%. GRZ -6%. Comment! [On the Move]
Thursday, January 3, 4:16 PM Sonus (SONS +2.6%) finished the day higher, and Acme Packet (APKT -5.1%) lower, after Northland's Catharine Trebnick reported Verizon is deploying Sonus' session border controllers (SBCs) on the New York-Boston segment of its IP backbone. Acme, the SBC market's top vendor, has long counted Verizon as a major customer. Comment! [Tech, On the Move]
Thursday, November 8, 2012, 11:53 AM Heavily-shorted Acme Packet (APKT +4.2%) rallies after announcing its session border controllers are now certified to work with Verizon's IP trunking services, as well as Microsoft's Lync Server unified communications platform. Acme has been hit hard this year by the impact of Verizon and AT&T's restrained wireline capex. (PR) 2 Comments [Tech, On the Move]
Wednesday, November 7, 2012, 10:17 AM In addition to hiking its dividend, AT&T (T -2.9%) says it plans to spend $22B on capex each of the next 3 years, up from 2011's $19B-$20B. $8B will be spent on building AT&T's 4G LTE network, which trails Verizon (VZ -1.5%) in terms of coverage, and $6B on expanding its wireline broadband network. AT&T is also guiding for mid-single-digit annual EPS growth over this time. Capex-starved telecom equipment/component names are rallying. CIEN +11.2%. ADTN +8.1%. APKT +5.8%. JNPR +2.1%. JDSU +6.8%. ALU +2.5%. (investor day: webcast, slides) 2 Comments [Tech, On the Move]
Tuesday, November 6, 2012, 1:43 PM Ahead of its investor day, Ericsson (ERIC -1.2%) forecast the telecom equipment market will show a CAGR of just 3%-5% from 2012-2015. In light of all the bad earnings news and capex forecasts to hit the telecom equipment space lately, not too many will argue with Ericsson's assessment. The company does, however, think the telecom services, support solutions, and OSS software markets, where it has been trying to grow its positions, will post healthier (though not spectacular) CAGRs. Comment! [Tech]
Friday, November 2, 2012, 2:13 PM Telecom equipment and chip/component names are underperforming following Alcatel-Lucent''s (ALU -9.5%) downbeat Q3 numbers, which included an 11% Q/Q and 18% Y/Y drop in Optics division revenue. CIEN -3.6%. TLAB -1.2%. FNSR -2.6%. OCLR -1.5%. APKT -2.4%. CALX -2.1%. ADTN -2.3%. ALTR -3.1%. CAVM -2.9%. Worries about telecom capex have long been running high. Comment! [Tech, On the Move]
Friday, October 26, 2012, 11:24 AM Acme Packet (APKT +14.4%) makes like the Roadrunner following its Q3 report. In light of Acme's recent struggles and those of telecom equipment peers (I, II), the Street is relieved to see Q4 guidance for revenue of $270M-$275M and EPS of $0.43-$0.47 (consensus is for $272.2M and $0.47). The VoIP infrastructure provider noted on its earnings call European service provider demand is "a bright spot," even as North American demand (long a problem) remains weak. Comment! [Tech, Earnings, On the Move]