Alvarion recently released quarterly results, and they looked good. Revenue was slightly better than estimates, as was EPS (0.03 vs. estimate of 0.02). Next quarter's guidance is also good, as it calls for revenue of $49-53M (estimate of 50M) and EPS of 0.01 to 0.04 (estimate of 0.01). Q4 BreezeMAX revenue was $24M, which was nearly 50% of total revenue; they also had 7 deals over $1M, with Q4 gross margin of 52%. As a larger proportion of revenue is attributable to BreezeMAX, their true revenue growth will be visible (i.e. not obscured by stagnant revenue in legacy products).
$6.46 (09/26/06)
