Terayon Upgrades 3Q Projections - Multichannel

Terayon Upgrades 3Q Projections

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Terayon Communication Systems Inc. said Tuesday that it expects third-quarter revenue to total $37 million-$38 million, up from earlier projections of $33 million-$36 million.

The Santa Clara, Calif.-based cable-modem and broadband-solutions vendor also said its net loss per share would be 10 cents-12 cents, versus earlier forecasts of 14 cents-16 cents.

"Our better-than-expected revenue performance for the third quarter stems primarily from higher unit shipments of our DOCSIS [Data Over Cable Service Interface Specification] 2.0 CMTS [cable-modem-termination system], stronger sales of our video-headend product line and higher-than-anticipated sales of our legacy S-CDMA [synchronous code-division multiple-access] products, partially offset by somewhat lower-than-expected DOCSIS 2.0 modem sales," CEO Zaki Rakib said in a release.

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