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Technology Stocks : Packeteer Inc-(PKTR)

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To: Mohan Marette who wrote ()1/27/2000 5:24:00 PM
From: astyanax  Read Replies (1) of 101
 
Hello![echo] Analysis of Quarterly Results?...

The company lost ($0.09) per share, beating estimates. The 4 analysts covering PKTR gave a consensus estimate (according to First Call) of a ($0.12) loss for the quarter.

Top line growth of 26% sequentially and 162% year-over-year seemed strong and inline with what my back-of-the-envelope forecast was. I believe Q3 showed growth of ~25% sequentially and 165% Year over Year, while Q2 showed ~23% and 138%.

I was somewhat disappointed overall, though. Gross margin eroded to 69.7% for the quarter, down from 70.6% for Q4 1998. And deferred revenue actually decreased (despite the huge increase in revenues) at year-end to $1,212K from $1,507K the year earlier.

Anyone listen to the conference call and get the scoop on the details?

- Netconductor.com
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