I read the earnings report, looked good to me. I owned this stock a few months ago. My strategy is to scan top losers of each day, and when they are on sale enough, unfairly beaten down, I buy them. It works about 80 per cent of the time. Any ideas on this one? I plan to jump in tomorrow.
next years revenue growth @ 3X instead of 4X. Otherwise all seamed fairly well. Management released because they could not estimate 1Q ahead for the last two quarters. It also sounds like bad execution was leading to longer validation than 90 days. They may have also been let go to stem off law suits from bad forward looking statements.