Flash memory hardware firms continue to have a rough fall. STEC (STEC -21.9%) is nosediving due...
Flash memory hardware firms continue to have a rough fall. STEC (STEC -21.9%) is nosediving due to the Q4 guidance provided with its Q3 beat - a forecast for revenue of $36M-$40M and EPS of -$0.31 to -$0.35 is short of a consensus of $44.1M and -$0.22. Lazard and Craig-Hallum have downgraded shares in response - the latter cites low visibility on OEM ramps (an ongoing problem), cash burn, and risks related to STEC's new strategy to sell directly to companies building their own hardware - Fusion-io (FIO -1.9%) does the same. (transcript) (PR)
Are you Bullish or Bearish on ?
Results for ()
Thanks for sharing your thoughts.
From other sites
at Fox Business (Sep 9, 2013)
at MarketWatch.com (Jun 24, 2013)
at MarketWatch.com (Mar 15, 2013)
at MarketWatch.com (May 9, 2012)
at MarketWatch.com (May 8, 2012)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs