I think the clients for the firms which have analysts will not run out the door at the same time, and so I expect this to dribble down calmly over the next 2-3 weeks as the new ratings and lowered price targets reflect the disappointing guidance they gave out. Shame people got bagged this AM hoping for good news. It is truly sad when a company needs a 7 page appendix to reconcile GAAP to "Adjusted non-GAAP etc." Now if they only didn't give away $1.7mm in stock compensation (of course it counts dummies!!) and if they only didn't have so many "one time" things that seem to recurr every year (aren't they ashamed??). They have a PE of 55 on REAL earnings for 2014. Yes, their free cash flow is better (but what you don't realize is that some of that needs to be allocated to the extra stock they are feeding to themselves over time which spreads that over more shares and dilutes your interest.) They, at least, seem to have learned their lesson about buying back stock. It is a bit embarrassing when you buy back stock at a higher price than the market later on....duhhhh. It is less efficient also when you have tax NOLS and if you wanted to borrow and deduct the interest for buybacks you can't get a tax benefit. Duhhhhhhh
Doesn't it bother anyone, that while you are buying, these guys exercise very share they can at e.g. $8.75 and flip it out at $10.50 (or whatever.) If they really believed the stock would go to $15 or $20 someday, on the 20,000 or X shares they are flipping like this, they would be leaving a huge amount on the table just for the $1.75 gain. DOESN'T THAT BOTHER YOU?????? I wouldn't touch this with their own poles.