There is blood on the Street. But the color isn't red. It is of a cyan hue.
Things can't get much worse for shares of Cyan Inc. (CYNI) ("Cyan" or "the company"), a small, fast growing, but niche networking solutions provider. But bad news is good news for investors searching for anomalies in security prices.
Despite reporting 37% year/year revenue growth in Q3, Cyan announced disappointing Q4 revenue guidance of between $30 to $33 million (consensus estimates were $46 million), representing flat sales growth in Q4 year/year, but 33% growth for the full year. 'Disappointing' is certainly a subjective term relative to growth estimates, and the consensus has collectively priced in that the growth story at Cyan is over.
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