real-time news and commentary for investors
Tuesday, Oct 29
Cyan plunges 24% AH on dismal Q4 and 2014 outlook
- Cyan (CYNI) shares plunge 23.5% AH after the company beat expectations in Q3 but issued dismal Q4 guidance.
- In Q4, management expects revenue of $30M-$33M (vs. consensus of $46.1M) and EPS of -$0.24 to -$0.19 (-$0.08).
- For 2014, the company forecasts annual revenue growth of 33%, compared to analyst expectations of 46%.
- PR, conference call at 5pm ET