once again, high beta stocks can't miss forward revenue estimates
4:09PM Acme Packet beats by $0.03, beats on revs; guides FY11 EPS above consensus, revs below consensus (APKT) 60.10 -3.55 : Reports Q2 (Jun) earnings of $0.29 per share, excluding non-recurring items, $0.03 better than the Capital IQ Consensus Estimate of $0.26; revenues rose 49.5% year/year to $79.7 mln vs the $76.9 mln consensus. Co issues raises guidance for FY11, raises EPS to $1.14-1.18, excluding non-recurring items, from $1.10-1.15 vs. $1.11 Capital IQ Consensus Estimate; raises FY11 revs to $315-320 from $310-315 mln vs. $321.91 mln Capital IQ Consensus Estimate.
FTNT, RVBD, FFIV, EQIX, - will lose 10-15% more tomorow. good luck this is the end of bull market or should I say (bubble market in some techs) back to CSCO, INTC, etc
your too simple to understand... i will keep my explanation as simple as possible... people saw what happened to rvbd, ffiv, etc... so they decided to jump in and take advantage of a possible drop in apkt after earnings... problem is ffiv, rvbd were all at 52 week highs prior to earnings... hope this helps