It may not be far from the truth to say that the days after earnings releases are some of the worst days in the calendar for tech investors. Many tech stocks trade on hype and hope, and earnings reports have a tendency to bring a little reality back to the picture and prompt investors to reconsider the multiples they're paying.
Such would seem to be the case for the trio of Riverbed (Nasdaq:RVBD), Fortinet (Nasdaq:FTNT) and F5 Networks (Nasdaq:FFIV). None of these companies had what would normally be called a bad quarter, but each sported hefty valuations and expectations. Now, with calendar second quarter earnings in hand and a few worries about growth momentum, these stocks have all come under heavy selling pressure.
To read the full article, click the link below:
http://stocks.investopedia.com/stock-analysis/2011/Lofty-Expectations-Sink-Riverbed-Fortinet-And-F5-RVBD-FTNT-FFIV-CSCO-BCSI-CHKP-JNPR0722.aspx
No comments:
Post a Comment