[November 19, 2009] OPNET Technologies, Inc Tweet Nov 19, 2009 (Zacks.com via COMTEX) -- OPNET Technologies, Inc. (OPNT) analysts are raising estimates after the company showed strong growth in a recent quarterly report. Company Description OPNET provides network management software to optimize performance and availability of communications networks. In contrast to most reactive services, the company offers proactive problem resolution and avoidance. Strong Sequential Growth On Oct 29 OPNET reported second-quarter results for fiscal 2010 that included record deferred revenue of nearly $35 million. License revenue grew 31% since last quarter. Earnings per share came in at 9 cents compared to the 1 penny that analysts were expecting. Last quarter the company earned 8 cents per share. Record Set Marc Cohen, CEO, said, 'Overall we saw a significant improvement in deal closure rates. Application performance management (APM) continues to be a growth area for the Company, and hit a new record in license bookings.' He went on to comment on a new product released that will improve the company's competitive advantage and lead to a growing market share. Estimates Jump Following the earnings surprise, both analysts raised full-year estimates. The Zacks Consensus Estimate is now 23 cents, up from just 10 cents prior to the report. While this is a penny under what the company earned last year, in 2011 analysts see earnings of 41 cents per share, or a growth rate of 76%. The Chart Shares of OPNT developed a nice level of support, but remain volatile. The MACD has just crossed over signaling solid momentum. Take a look at the chart below. Zacks #1 Ranked Stocks have generated an average annual return of 31.8% since 1988. Every day we highlight four new Zacks Rank Buy stocks on the Zacks.com home page. Discover the Four Stocks we are Recommending Now! [ Back To TMCnet.com's Homepage ]