January 03, 2013 at 10:18 AM EST
Growth Is Back for This Small Cap
I am sure the management team at Acme Packet (NASDAQ:APKT) will be very happy to see 2012 come to an end. This has really been a lost year for the company with revenue expected to be down more than 11%. Blame sharp spending pullbacks from two key customers—AT&T (NYSE:T) and Verizon (NYSE:VZ)—for the bulk of the poor performance. On the latest earnings conference call CEO Andy Ory said he is confident that Acme Packet’s financial results and market share will improve when North American Tier One service provider spending resumes. The recent CapEx news from AT&T was a positive sign that the dollars will ...
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