Seeking Alpha

Tangoe down 15.6% AH on Q3 miss, weak guidance

  • Shares of Tangoe (TNGOcollapse 15.6% AH after the company missed slightly in Q3 and issued lower-than-expected Q4 guidance.
  • Management guides for Q4 revenue of $49.9M-$50.4M (vs. analyst consensus of $51.7M) and EPS of $0.18 ($0.20).
  • 2014 revenue is seen at $220M-$224M ($226.4M), EBITDA at $37M-$39M.
  • PR, Conference call at 5pm ET
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