We are extending our estimates on OPNET Technologies (OPNT) through 2012 fiscal year. OPNET reported exceptional second quarter results due to strong new software license revenue.
Gross profit margins were well above expectations. We expect gains in market share to continue. Continued cost controls and the booking of deferred revenue should improve earnings. Software license growth should have a positive impact on near-term revenue.
We maintain our outperform rating and increased our target price to $14.50.Zacks Investment Research
