(Source: PrimeNewswire)BETHESDA, Md., July 9, 2009 (GLOBE NEWSWIRE) -- OPNET Technologies, Inc. (Nasdaq:OPNT), a leading provider of management software for networks and applications, today announced that based on preliminary estimates it expects revenues for the first fiscal quarter, ended June 30, 2009, to be in the range of $27.5 to $27.8 million, compared to its guidance range of $29.0 to $31.0 million. Based on these preliminary estimates, earnings per share for the first quarter of fiscal 2010 are expected to be between negative $0.03 and negative $0.02, compared to guidance of negative $0.01 to positive $0.05.

Marc A. Cohen, OPNET's Chairman and CEO, stated, "We are disappointed by the preliminary results for fiscal Q1. While some deals postponed during Q4 became active and closed during Q1, a larger number of Q1 deals than expected got stuck in purchasing, delayed, or put on hold as a result of continued economic uncertainty. We believe that the challenging economy continues to significantly impact our customers' ability to execute purchases, especially purchases of our network planning, engineering and operations solutions, and that the associated volatility is affecting the accuracy of our forecasts."

Mr. Cohen continued, "There were a number of important indicators of progress in the traction of our application performance management (APM) solutions. Our APM license bookings increased approximately 17% quarter over quarter and approximately 6% year over year, and we achieved a record in ACE Live(tm) license bookings. Included in these APM bookings was the largest international corporate enterprise deal in our history, which we won in a competitive bid process against key players in the APM space. This seven-figure deal will be recognized into revenue in future quarters as we deliver against the contract. We believe our comprehensive solutions will allow us to win an increasing number of seven-figure corporate enterprise and government deals, and we believe that the competitive advantages offered by our products have us well positioned to continue growing market share."

    Based on preliminary estimates:  * License revenue decreased year-over-year by approximately 31% to    32% from $12.9 million from the same quarter in fiscal 2009.    License revenue for the quarter decreased sequentially by    approximately 16% to 18% from $10.7 million for the fourth quarter    of fiscal 2009.  * Software license updates, technical support and services revenue    increased year-over-year by approximately 15% to 17% from    $9.7 million from the same quarter of fiscal 2009.