Velti (VELT -8.3%) adds to yesterday's giant losses after Wells Fargo and Craig-Hallum downgrade...
Thursday, January 31, 12:35 PM ETVelti (VELT -8.3%) adds to yesterday's giant losses after Wells Fargo and Craig-Hallum downgrade shares in response to the company's analyst day remarks. CFO Jeff Ross' comments lead Wells to think "greater discipline on contract quality and geographical mix will have a significant negative impact on both revenue and EBITDA growth in the near-term" - Velti has already said it will divest assets in markets with very high collection times. The firm also notes formal 2013 guidance wasn't provided.
TECH ETFs IN FOCUS
Latest Tech Articles