Session delivery network solutions provider Acme Packet (APKT) is watching its shares plunge today after the company updated its third quarter guidance late yesterday.
The company said its third quarter results were adversely impacted by a delay in 'a very large opportunity' at one of the two largest service providers in North America, reportedly AT&T (NYSE:T). The opportunity will now close in the fourth quarter, leaving the company's full year outlook unchanged.
But for the third quarter, Acme Packet is now looking for total revenues of $70 million, and earnings per share of $0.20 to $0.22.
Full results will be released after the close of trading on October 20.
Acme competes with larger networking companies like Cisco (NASDAQ:CSCO) and Juniper (NYSE:JNPR).
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