I think the fact that they guided down q4 numbers has left a few people somewhat surprised. I'd chalk this up to gamesmanship. The new CFO couldn't pull the fiscal yr in on his first call, q2, and had to wait until Wednesday. I think they want to constantly beat numbers by a good margin so the stock moves in the future. Short term pain for a long term gain. Underpromise, over deliver. Worked that way at his last co, Ariba.
I still like the stock here and can't see selling, acquisition risk is too great. Any given day this could open in the 30's. I think this was Cisco's first call but were rebuffed and went to the number 2 in FIRE. Xie wants to build it to a much larger company before selling... unless it's a monster offer. With over $800 million cash, decent growth, and the ever present potential sale I'll stay long and sell calls at the opportune time.