Double-Take climbs on Q2 outlook
Shares of Double-Take Software Inc. (Nasdaq: DBTK) rose late today after the data protection software firm said it will likely beat analysts’ estimates for the second quarter ended June 30.
The Southborough, Mass., firm expects to report non-GAAP income per share of $0.15 to $0.16 on revenue in the range of $19 million to $19.5 million for the three-month period. Four analysts polled by Thomson First Call were expecting earnings per share of $0.11 on revenue of $18.6 million.
For the first quarter ended March 31, analysts had estimated earnings per share of $0.09 on revenue of $17.2 million. The firm actually reported adjusted, non-GAAP net income per diluted share of $0.14 on revenue of $17.9 million.
Double-Take’s stock was up $1.35, or 9%, to $16.15 in after-hours trading. Shares have traded between $10.25 (on Jan. 9) and $16.48 (on Feb. 21) in the past 52 weeks.
Double-Take first went public via an initial public offering in mid-December of 2006. At the time, the company issued 7.5 million shares at $11 each.
