This is one of those left for dead technology stocks like JIVE, EGAN, BCOV where the cloud bubble has burst and they are trading at 1X and 2X sales. While others have 15+ X sales valuations ZEN, DATA. It will be interesting to see how it plays out. Maybe COVS and the others will just go under.
At least Ash is going down with the ship too.Got to give him credit for trying but it looks like they are losing. When is the last time they mentioned a customer win? Oh well, this one looks dead.
They missed all around in a big way. Would have expected a pre announce on the horrible quarter. Now I know why they were a no show at the Needham growth conference No talk about the competition even though they obviously are losing. Where is the bottom? probably 0