Monday, 26 April 2010

First quarter profit doubles for SonicWall

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.

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