SonicWALL, Inc. beats analysts’ estimates
Shares of SonicWALL, Inc. (Nasdaq: SNWL) were up before the bell this morning after the manufacturer of integrated network security reported strong second quarter results above analysts’ estimates late Tuesday night.
For the three months ended June 30, the Sunnyvale, Calif.-based company recorded net income of $6.0 million or $0.09 per diluted share, compared with net income of $2.6 million or $0.04 per diluted share for the second quarter of 2006. Ten analysts polled by Thomson Financial were expecting earnings of $0.07 per share for the second quarter.
SonicWALL recorded revenue of $47.1 million for the second quarter, compared with revenue of $43.8 million in the second quarter last year. Nine analysts polled by Thomson Financial were expecting revenues of $46.4 million for the second quarter.
Shares of SonicWALL gained 7.45%, or $0.63, to a level of $9.09 in pre-market trading.
