If the best of breed like MM can tank 25% on bad earnings and outlook, I am loath to imagine what's in store for VELT. This market has been grossly overestimated, there will be huge valuation correction for MM and VELT.
MM made a strategic mistake passing on small deals. Now I understand why VELT sales stated that Q1 was going to be better than Q4. VELT is scooping up all the deals MM passed over. It might have worked out for MM but some of the large deals they seemed to be banking on didn't come through. Big deals can have long and unpredictable sales cycles, so they could rebound next Q. But things are looking much better for VELT now and hopefully this gives VELT a real opening to rapidly expand in the US market.