Press Release

OPNET Announces Results
for Second Quarter of Fiscal 2007

Record revenue of $23.6 million
Earnings per share of $0.08

BETHESDA, MD – November 1, 2006 --OPNET Technologies, Inc. (NASDAQ: OPNT), a leading provider of management software for networks and applications, today announced that quarterly revenue for the second fiscal quarter, ended September 30, 2006, was $23.6 million, compared to $18.3 million for the same quarter in the prior fiscal year. Earnings per share on a diluted basis for the second quarter of fiscal 2007 were $0.08, compared to $0.02 for the same quarter in the prior fiscal year.

Marc A. Cohen, OPNET’s Chairman and CEO, stated, “We are very pleased to report a fifth consecutive quarter of record revenue. We are especially pleased that we grew our license revenue to $11.2 million this quarter, which represents an 8.3% sequential increase from last quarter’s record of $10.3 million and a 47.5% increase from the second quarter of fiscal 2006. The sequential and year-over-year growth in license revenue was primarily the result of increased sales to the United States government. We experienced a sequential decrease in our operating margin to 7.6% from 8% as a result of increased sales and marketing expenses, which included a $750 thousand increase in sales commissions driven by a significant increase in bookings. A $250 thousand increase in operating expenses from stock-based compensation also contributed to the sequential decrease in operating margin. The increase in bookings we achieved this quarter drove our deferred revenue to a record $19.6 million.”

Financial Highlights for the Second Quarter of Fiscal Year 2007

Grew revenue year-over-year 29.3% to $23.6 million from $18.3 million for the same quarter of fiscal 2006. Revenue for the quarter grew sequentially 4.4% from $22.6 million for the first quarter of fiscal 2007.
Grew license revenue year-over-year 47.5% to $11.2 million from $7.6 million for the same quarter of fiscal 2006. License revenue for the quarter grew sequentially 8.3% to $11.2 million from $10.3 million for the first quarter of fiscal 2007.
Achieved record deferred revenue of $19.6 million, up sequentially from $18.5 million.
Improved our gross profit sequentially to $18.7 million during the second quarter of fiscal 2007 from $17.9 million in the first quarter of fiscal 2007.
Our operating income of $1.8 million represented a $24 thousand decrease from the first quarter of fiscal 2007.

Mr. Cohen continued, “We are well-positioned to leverage our operating model and are excited about the significant increase in bookings we experienced during our second fiscal quarter. We continue to be encouraged by the business activity generated from our worldwide distribution agreement with Cisco Systems.”

Third Quarter Fiscal Year 2007 Financial Outlook

OPNET currently expects fiscal 2007 third quarter revenue to be between $23 and $24.5 million, and earnings per share to be between $0.04 and $0.09. These estimates represent management’s current expectations about the Company’s future financial performance, based on information available at this time.

OPNET will hold an investor conference call on Wednesday, November 1, 2006 at 5:00 pm Eastern Time to discuss the overall results of Q2.

To listen to the OPNET investor conference call:

Call 877-407-9205 in the U.S. or 201-689-8054 for international callers, or
Use the webcast at www.opnet.com, or at www.investorcalendar.com (click on OPNT under "VCalls by Date"). Investors are advised to go to the web site at least 15 minutes early to register, download, and install any necessary audio software.

To listen to the archived call:

Call the replay phone number at 877-660-6853 or 201-612-7415 for international callers. For replay, enter account # 286, conference ID # 215705. The replay will be available from 7:00 pm Eastern Time November 1st through 11:59 pm Eastern Time November 8th.
The webcast will be available at www.opnet.com or at www.investorcalendar.com, archived for seven days.

About OPNET Technologies, Inc.

Founded in 1986, OPNET Technologies, Inc. (NASDAQ:OPNT) is a leading provider of management software for networks and applications. For more information about OPNET and its products, visit t www.opnet.com.

###

OPNET and OPNET Technologies, Inc. are trademarks of OPNET Technologies, Inc. All other trademarks are the property of their respective owners.

Statements in this press release that are not purely historical facts may constitute forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. OPNET Technologies, Inc. (“OPNET”) assumes no obligation to update statements. Forward-looking statements are predictions based upon information available to OPNET as of the date of this press release and involve risks and uncertainties; therefore, actual events or results may differ materially. For a discussion of risk factors, see OPNET’s reports, including its most recent 10-Q and 10-K, filed with the Securities & Exchange Commission.

###

Note to editors: The word OPNET is spelled with all upp

OPNET Media Contact:
Margarita Castillo
OPNET Technologies, Inc.
(240) 497-3000
Media@opnet.com
www.opnet.com

OPNET Investor Relations:
Mel Wesley
OPNET Technologies
(240) 497-3000
ir@opnet.com
www.opnet.com

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Press Releases Archived Press Releases 2006	OPNET Announces Results for Second Quarter of Fiscal 2007 Record revenue of $23.6 million Earnings per share of $0.08 BETHESDA, MD – November 1, 2006 --OPNET Technologies, Inc. (NASDAQ: OPNT), a leading provider of management software for networks and applications, today announced that quarterly revenue for the second fiscal quarter, ended September 30, 2006, was $23.6 million, compared to $18.3 million for the same quarter in the prior fiscal year. Earnings per share on a diluted basis for the second quarter of fiscal 2007 were $0.08, compared to $0.02 for the same quarter in the prior fiscal year. Marc A. Cohen, OPNET’s Chairman and CEO, stated, “We are very pleased to report a fifth consecutive quarter of record revenue. We are especially pleased that we grew our license revenue to $11.2 million this quarter, which represents an 8.3% sequential increase from last quarter’s record of $10.3 million and a 47.5% increase from the second quarter of fiscal 2006. The sequential and year-over-year growth in license revenue was primarily the result of increased sales to the United States government. We experienced a sequential decrease in our operating margin to 7.6% from 8% as a result of increased sales and marketing expenses, which included a $750 thousand increase in sales commissions driven by a significant increase in bookings. A $250 thousand increase in operating expenses from stock-based compensation also contributed to the sequential decrease in operating margin. The increase in bookings we achieved this quarter drove our deferred revenue to a record $19.6 million.” Financial Highlights for the Second Quarter of Fiscal Year 2007 Grew revenue year-over-year 29.3% to $23.6 million from $18.3 million for the same quarter of fiscal 2006. Revenue for the quarter grew sequentially 4.4% from $22.6 million for the first quarter of fiscal 2007. Grew license revenue year-over-year 47.5% to $11.2 million from $7.6 million for the same quarter of fiscal 2006. License revenue for the quarter grew sequentially 8.3% to $11.2 million from $10.3 million for the first quarter of fiscal 2007. Achieved record deferred revenue of $19.6 million, up sequentially from $18.5 million. Improved our gross profit sequentially to $18.7 million during the second quarter of fiscal 2007 from $17.9 million in the first quarter of fiscal 2007. Our operating income of $1.8 million represented a $24 thousand decrease from the first quarter of fiscal 2007. Mr. Cohen continued, “We are well-positioned to leverage our operating model and are excited about the significant increase in bookings we experienced during our second fiscal quarter. We continue to be encouraged by the business activity generated from our worldwide distribution agreement with Cisco Systems.” Third Quarter Fiscal Year 2007 Financial Outlook OPNET currently expects fiscal 2007 third quarter revenue to be between $23 and $24.5 million, and earnings per share to be between $0.04 and $0.09. These estimates represent management’s current expectations about the Company’s future financial performance, based on information available at this time. OPNET will hold an investor conference call on Wednesday, November 1, 2006 at 5:00 pm Eastern Time to discuss the overall results of Q2. To listen to the OPNET investor conference call: Call 877-407-9205 in the U.S. or 201-689-8054 for international callers, or Use the webcast at www.opnet.com, or at www.investorcalendar.com (click on OPNT under "VCalls by Date"). Investors are advised to go to the web site at least 15 minutes early to register, download, and install any necessary audio software. To listen to the archived call: Call the replay phone number at 877-660-6853 or 201-612-7415 for international callers. For replay, enter account # 286, conference ID # 215705. The replay will be available from 7:00 pm Eastern Time November 1st through 11:59 pm Eastern Time November 8th. The webcast will be available at www.opnet.com or at www.investorcalendar.com, archived for seven days. About OPNET Technologies, Inc. Founded in 1986, OPNET Technologies, Inc. (NASDAQ:OPNT) is a leading provider of management software for networks and applications. For more information about OPNET and its products, visit t www.opnet.com. ### OPNET and OPNET Technologies, Inc. are trademarks of OPNET Technologies, Inc. All other trademarks are the property of their respective owners. Statements in this press release that are not purely historical facts may constitute forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. OPNET Technologies, Inc. (“OPNET”) assumes no obligation to update statements. Forward-looking statements are predictions based upon information available to OPNET as of the date of this press release and involve risks and uncertainties; therefore, actual events or results may differ materially. For a discussion of risk factors, see OPNET’s reports, including its most recent 10-Q and 10-K, filed with the Securities & Exchange Commission. ### Note to editors: The word OPNET is spelled with all upp OPNET Media Contact: Margarita Castillo OPNET Technologies, Inc. (240) 497-3000 Media@opnet.com www.opnet.com OPNET Investor Relations: Mel Wesley OPNET Technologies (240) 497-3000 ir@opnet.com www.opnet.com
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