a few analysts reiterated buys on friday which is why the stock took off
nobody raised their targets - I think I read somebody lowered target from $27 to $25 but thats more a reflection of where the stock is currently trading. I expect continued rebound next week. Seems like the CEO and VP sales got into a #$%$ match, it happens.
They did actually provide guidance for the next Q on the conf call which was higher than estimates. They said they can't provide next FY guidance until next conf call, due to "lack of visibility". That combined with what they termed as "challenges with sales leadership" is what caused the initial 20% drop. But I think the underlying story is still intact. They in fact spoke of some large deals in the pipeline but they are not sure when they will close them. So their next year FY guidance is going to depend on when these deals close.