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Websense, Inc. Message Board

  • A Yahoo! User Oct 24, 2012 5:23 PM Flag

    Why another 12% drop?

    Any reason why there is another 12% drop after earnings? This seems to happen consistently every quarter. I know revs were below expectations, but does that equate to a 12% drop?

    Thank you for any feedback.

    Sentiment: Buy

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    • Websense has no top line revenue growth. Many companies are now giving away Internet filtering (see Fortinet, Iron Port/Cisco, Sonicwall, etc.). Internet filtering is Websense's core competency even though they try hard to be anything else and spin themselves to be some type of network security company, at the end of the day, they are nothing more than a porn filter. Gene Hodges also looks to be milking money out of this company. How can a company claim to have an 80% profit margin and only earn as much as they state that they are earning on a quarterly basis?

      Sentiment: Strong Sell

    • incompetence at the top. overpaid. underperform. buyback stock at 25 and stop the buyback at 13. should have sold the business a year ago for 25 a share. now they dwindle away into insignificance. board and management should be ousted.