Starent Networks reported Q3 revenues of $86.0 million, compared to net revenues of $66.1 million for the third quarter of 2008. Net revenues for the nine months ended September 30, 2009 were $237.5 million, compared to $183.5 million for the same period in 2008. Net income for the third quarter of 2009 was $15.1 million, or $0.20 per diluted share, compared to net income of $19.6 million, or $0.26 per diluted share, for the third quarter of 2008.
http://www.starent.com
- Cisco agreed to acquire Starent Networks for approximately $2.9 billion, or $35 per share in cash -- a premium of about 20% over the stock's recent trading value.
