Recently, the network security technology company SonicWall announced that their profits had more than doubled. They also announced their revenue went up by 17%.
SonicWall now has shares valued at 8 cents, compared with 3 cents for the same period in 2009. This amounts to nearly $4.5 million in revenue.
SonicWall turned in better than expected results.
Looking further ahead, SonicWall are now looking at revenue of nearly $60 million for the second quarter this year. Analysts expect 11 cents a share profit on this revenue.
As the news of SonicWalls success came out, their shares rose by nearly 4% at just over the $10 mark.