- Tangoe (OTC:TNGO -11.4%) has plunged to new 52-week lows after disclosing yesterday afternoon it's restating all of the 2013-2015 results it has issued and is withdrawing its Q4 guidance. Shares fell as low as $5.32 before bouncing.
- The SaaS telecom management software firm now trades for only 1.2x a 2015 sales consensus of $220.6M.