Model N plummets on weak guidance

Shares of Model N (MODN) are plummeting, down 28.3% AH, after the company releases underwhelming quarterly and full year guidance. Management forecasts FQ1 revenue revenue of $20M-$21M (consensus of $26.35M) and FY 2014 revenue of $70M-$80M (consensus of $118M).

Conference call scheduled for 5pm ET

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