Curious reaction to the DATA earnings:
1) There was no guidance in the PR and nothing seemed to warrant such a huge selloff (almost 40% at the time before the CC started)
2) The CC started only at 4:30 only, but by then the stock had already plunged almost 40%. The bad news was in the CC (we were away but here is the essence:
On its call the company said it sees FY 2016 sales of $830-$850 million, versus the consensus of $871 million. They sees FY 2016 EPS of $0.22-$0.35, versus the consensus of $0.62.
Analyst Abhey Lamba also noted the license revenues in Q4 came in at $133 million (up 31% Y/Y) slightly below consensus of $135 million.
The stock is down 48.5% to $42.10 after-hours.
So soft guidance, but it's difficult to call it a total disaster. Still, with a stock priced for perfection, this is what happens. Pity we were away as we would certainly have bought more in the low $40s.