Top Losers: E2open Inc (NASDAQ:EOPN), Kofax Ltd (NASDAQ:KFX), ARC Group WorldWide Inc (NASDAQ:ARCW)

admin - October 9, 2014

Boston, MA 10/09/2014 (wallstreetpr) – Shares of Cloud software solutions provider E2open Inc (NASDAQ:EOPN) plunged by 33.08% during trading on 9th October to settle at $6.17 after the company reported its Second Quarter of Fiscal Year 2015 Results on October 8th.

It reported Non-GAAP Operational Loss of $3.3 million from its second quarter operations which were well above the $2.8 million loss it had reported for same quarter last year. The losses were in spite of a 12 percent increase in non GAAP revenue recorded for the reporting quarter.

Revenue had come in at $18.6 million for 2Q15. Sequentially, revenue was up by 6 percent in comparison to 1Q15. Non-GAAP Net Loss per share was 11 cents for 2Q15, as against the 10 cents loss per share recorded in 2Q14.

Kofax Ltd (NASDAQ:KFX) shares slid down by 24.6 percent yesterday to bottom out at $5.86 at the end of 9th October trading. The acute lack of investor confidence in the stock was caused by unconvincing preliminary quarter results the firm reported for its first quarter 2015 operations which ended on 30th of September.

The customer interactions software solutions provider anticipates license revenue from sale of new software to come in the range of $24.0 to $25.0 million. Total revenue for the reporting quarter is expected to come in at $67.0 to $69.0 range. The EBITA has been forecasted to range between $2.5 to $3.5 million. The preliminary numbers are well below the analyst estimates and hence the investors decided to flee the stock yesterday.

The investor community showed a collective thumbs down to the stock of ARC Group WorldWide Inc (NASDAQ:ARCW) yesterday after the firm announced its operations numbers for first quarter which ended on September 28, 2014. The stock slipped by nearly 24 percent to settle at $12.77 on the back of this announcement dated 8th October.

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