Earnings were modest, which is not good enough to support lofty valuation. PE is over 60 and PEG a whopping 3.5.
Somewhere in earnings they mentioned "cloud". That sent ADBE up and into great shorting range.
I think there were a lot of buyers on the way down. With the pop this morning they were able to get rid of their shares at a smaller loss than yesterday.
Lots of shares out there to go through. This will improve over the next several days.
He is the CEO. He should do better. He is sounding very defensive, whining about the press coverage. Come on...the bloom is off the rose with Mush. the honeymoon is over.
Gawd. Are you serious? Firms are constantly making Upgrades/Downgrades before earnings AND are often wrong. Those "firms" have ulterior motives.
Not sure why there is excitement here. Shorted AH. Not a compelling story. Forecast is disappointing and provides no reason for RKUS to support its high PE.
Revenue forecast for next qtr either missed or is even, depending on your take. However, it doesn't matter. RKUS trades at a lofty price for its PE, and future growth does not support the current stock price. I doubt this will drop to $10, but that wouldn't even bring this in line with a decent PE.
Not a bad year, up to now. But its high valuation will come to roost tomorrow after earning do not show much expected improvement. Under $30 for sure tomorrow.
Sentiment: Strong Sell
Panic Mongers have created a great entry point. thank you!
Sentiment: Strong Buy
Sterne Agee moved the price target to $4.50 from $6.00 with a neutral rating. J.P. Morgan downgraded the rating to neutral from overweight and lowered the price target to $5.50 from $9.00.
I am always intrigued when a stock drops far below new price targets. VMEM for example in pre-market is now 30-40% below these already reduced price targets. It would seem to be a buying opp in pre market.
Wow, glad I got out. I didn't expect a secondary that low. There had to be insider trading here. Why else would this have dropped so close to the secondary today, if someone didn't know the secondary price a few days ago when this started to plunge.
It seems to me that all this action started with a large trade at $1. The first 10 minutes of trading had a small amount of shares traded. then when it hit $1, over 100,000 shares were traded. The spiral continued from there.
Without any news, this just seems to me to be triggered stops executing sell orders.
If "cloud" is so good, why are FY14 revenues and earnings a big miss? Cloud is just a buzz word to move the stock price. Reality will set in tomorrow morning on this over priced stock.