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Envivio (ENVI) -39.5% AH after warning it expects FQ2 revenue of $10M-$11M, well below a...

Envivio (ENVI) -39.5% AH after warning it expects FQ2 revenue of $10M-$11M, well below a consensus of $17.7M. The provider of "TV Everywhere" hardware/software solutions blames (what else?) soft service provider capex in North America and Western Europe. The news could have negative implications for Synacor (SYNC), whose fortunes are also heavily tied to TV Everywhere deployments. Envivio is now down 62% from April's $9 IPO price.
Comments (4)
  • stem23
    , contributor
    Comments (295) | Send Message
     
    I wonder what NIA thinks of this news
    13 Aug 2012, 05:05 PM Reply Like
  • anthonydiciacco
    , contributor
    Comment (1) | Send Message
     
    Can't wait to hear today's comments on what a great buy SYNC is. I am still waiting for the rally... $27k in the hole so far on the SYNC crash.
    14 Aug 2012, 02:01 PM Reply Like
  • SoldHigh
    , contributor
    Comments (999) | Send Message
     
    Disaster. No wonder many who get IPOs flip them for the quick pop and walk away.
    13 Aug 2012, 06:35 PM Reply Like
  • Preferred
    , contributor
    Comment (1) | Send Message
     
    Where does Credit Suisse stand in their position?
    14 Aug 2012, 02:01 PM Reply Like
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