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Starent Networks, Corp. (STAR) Wrap Up:

Starent Networks is a leading provider of infrastructure hardware and software products and services that enable mobile operators to deliver multimedia services to their subscribers. We have created hardware and software products that provide core network functions and services, including access from a wide range of radio networks to the operator's packet core network. Our products and services also provide management of subscriber sessions moving between networks and application of billing and other session policies. Our products and services provide high performance and system intelligence by combining significant computing power, memory and traffic handling capabilities with a flexible, high availability operating system and other proprietary software. Our products integrate multiple network functions and services needed for the delivery of advanced multimedia services, such as video, Internet access, voice-over-IP, e-mail, mobile TV, photo sharing and gaming.  ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2008%2f02%2f29%2f0001047469-08-002094.html#FIS_BUSINESS"   
www.starentnetworks.com
774 Employees
Founded in 2000

Starent Networks, Corp. (STAR:NASDAQ)

LAST $34.40 USD
CHANGE TODAY +0.01 0.03%
VOLUME 651.1K
As of 4:00 PM 11/20/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).

Snapshot of Starent Networks, Corp. (STAR)

OPEN
$34.28
PREVIOUS CLOSE
$34.39
DAY HIGH
$34.45
DAY LOW
$34.28
52 WEEK HIGH
10/13/09 - $34.75
52 WEEK LOW
11/20/08 - $7.30
MARKET CAP
2.5B
AVERAGE VOLUME 3 mo
1.5M
DILUTED EPS TTM
$0.81
SHARES OUTSTANDING
72.1M
STAR Does Not Pay Dividends
P/E TTM
42.7x
K = Thousands  M = Millions  B = Billions

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STAR Top Compensated Officers

Mr. Ashraf M. Dahod
Co-Founder, Chairman, Chief Executive Officer...
Age: 56
Total Annual Compensation: $712.8K
Mr. Anthony P. Schoener
Co-Founder and Vice President of Engineering
Age: 48
Total Annual Compensation: $318.5K
Mr. Paul J. Milbury
Chief Financial Officer and Vice President of...
Age: 60
Total Annual Compensation: $499.8K
Mr. Thierry Maupilé
Vice President of Business Development & Glob...
Age: 50
Total Annual Compensation: $456.6K
Mr. Pierre G. Kahhale
Vice President of Worldwide Field Operations
Age: 52
Total Annual Compensation: $1.5M

Executives, Board Directors

Compensation as of Fiscal Year 2008.

Key developments for Starent Networks, Corp. (STAR)

Starent Networks, Corp. expected to Report Fiscal Year 2009 Results on January 25, 2010. This event was calculated by Capital IQ (Created on November 6, 2009).

Starent Networks, Corp. expected to Report Fiscal Year 2009 Results on January 25, 2010. This event was calculated by Capital IQ (Created on November 6, 2009).

Telenor Norway Selects Starent Networks for Complete Core Network Deployment

Starent Networks Corp. announced that Telenor Norway, Norway' selected the company to provide multimedia core network equipment for the carrier's 2G, 3G/UMTS and 4G/LTE networks. Telenor will deploy Starent's market-leading Serving GPRS Support Node (SGSN) and Gateway GPRS Support Node (GGSN) for the 2G and 3G/UMTS networks and Mobility Management Entity (MME), Serving Gateway (SGW) and Packet Data Network Gateway (PGW) for the 4G/LTE network on the ST40 multimedia core platform. Additionally, Telenor's network will utilize Starent's Network-Based Traffic Optimization In-Line Service.

Starent Networks Corp. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2009

Starent Networks Corp. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported net income of $15.1 million or $0.20 per diluted share on total revenues of $85.9 million, income from operations of $23.3 million, and income before income tax benefit of $24.9 million compared to net income of $19.58 million or $0.26 per diluted share on total revenues of $66.06 million, income from operations of $14.03 million, and income before income tax benefit of $14.6 million for the third quarter of 2008. The company reported non-GAAP net income of $19.1 million or $0.25 per common share, and non-GAAP income from operations of $29.6 million compared to non-GAAP net income of $17.5 million or $0.24 per common share, and non-GAAP income from operations of $18.5 million a year ago. For the nine months, the company reported net income of $43.07 million or $0.57 per diluted share on total revenues of $237.4 million, income from operations of $67.3 million, and income before income tax benefit of $70.4 million compared to net income of $43.01 million or $0.58 per diluted share on total revenues of $183.4 million, income from operations of $34.2 million, and income before income tax benefit of $39.8 million a year ago. The company reported non-GAAP net income of $54.03 million or $0.71 per common share, and non-GAAP income from operations of $83.3 million compared to non-GAAP net income of $48.8 million or $0.66 per common share, and non-GAAP income from operations of $46.6 million a year ago.

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STAR Competitors

Company Last Change
ADTRAN Inc $21.79 USD -0.90
NII Holdings Inc $29.02 USD +0.34
Tellabs Inc $5.72 USD -0.04
UTStarcom Inc $1.90 USD -0.11
Vonage Holdings Corp $1.16 USD -0.04
Market data is delayed at least 20 minutes.

Industry Analysis

Valuation STAR Industry Range
Price/Earnings 42.8x
Price/Sales 8.0x
Price/Book 6.1x
Price/Cash Flow 41.0x
TEV/Sales 6.7x

STAR

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STAR transactions

Type
Date
Target
Merger/Acquisition
October 12, 2009
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