The Ukraine crisis this morning explains the sell off (most of tech stocks), but now that has subsided and other tech stocks have rebounded. Did anyone see a negative in the CC yesterday that would warrant it going down when it surpassed analysts estimate?
Companies that are not profitable are being taken to the woodshed, it's that simple. NOW, SPLK, and a host of others. Maybe traders don't believe the guidance, and think the economy will worsen through the year. Who knows?
Did you see Slootman on Mad Money, the guy is weak at best. All he knows how to do is hire a boat load of reps and grow top line revenue. He has no operational idea on how to build a profitable and legitimate entity.