Volatile enterprise tech stocks sell off after disappointing earnings


High-beta enterprise tech names are particularly well-represented in a momentum stock selloff as Splunk, Nimble Storage, Violin Memory, and (especially) Infoblox fall post-earnings.

Analytics/data visualization software vendors Tableau (DATA -6.5%) and Qlik (QLIK -4.1%), often hyped (like Splunk) as big data plays, are among the decliners. As is flash storage vendor Fusion-io (FIO -5.4%), which competes with Violin and (to a lesser extent) Nimble. But they're far from the only ones.

Security decliners: FEYE -6.5%. CUDA -8.4%. IMPV -7.4%. PFPT -5.7%. VDSI -4%. QLYS -4.5%.

Cloud software decliners: WDAY -4.1%. JIVE -4.3%. MKTO -7.4%. NOW -4.9%. TNGO -5.1%. CSLT -6.9%. TXTR -6.7%. RALY -11.6%.

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Comments (2)
  • John Georgiou
    , contributor
    Comments (234) | Send Message
     
    Ηι

     

    I agree with author! It seem we in front of about 6..10% weakness of the stock market! Last days most trading systems gone off we are going from high to higher!

     

    http://bit.ly/1ps5pOD

     

    The scenario i am describing on the link above counted like we had 5 trading days this week so it will be finished next Monday!
    30 May 2014, 01:54 PM Reply Like
  • Nettligent
    , contributor
    Comments (1346) | Send Message
     
    So much speculation, pump and dump for these storage stocks.
    30 May 2014, 05:24 PM Reply Like
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