Cyan plunges 24% AH on dismal Q4 and 2014 outlook

|By:, SA News Editor

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