Big volume today at 24.50 got surprised. Lots of cheap shares picked up. Obviously no buyers and few shares available dropped the price like a rock. If the comments on this board are indicative of the sentiment of the little folks, a lot of them sold out. Another major buying opportunity if you believe in this space. Ramped up sales and R&D expenses, 30mm more in deferred revenue, major increases across the board, I still like the future. If this were not a near private company I would say the price drop is shocking. How much do you think of the 770k after hours was selling by the Bigs? I've always worried that the Bigs would let this fall and take it private (Dell), do some restructure and resell it. Are we having fun yet? Tomorrow and next week will tell us if any substantial buyers are out there. No panic! Imho
One the other hand, quality management should be able to extract operating improvements. Nuance management had their gross margin decline 2% on a third increase in sales (y/Y) and there was zero operating margin leverage on that increased revenue. This is kinda screwy for a fast-growing software company.