No position in CPQ right now, but I'll guess $0.87, 23,345,000, $28.50 closing.
Reasoning: CPQ wants to come in over est., but not to unduly waste firepower, because they know the q ending Mar 31 is traditionally slower. According to steve they can take some sales and put them in reserve like MSFT does; pulling them out to help out a qtr that needs it. Even though CPQ comes in 5% over est, street puts fair amt of selling pressure on in anticipation of slower qtr ending Mar 31 (current q), and for not posting even stronger #s, like 15% over est ($0.95).
When I have no position in CPQ it's easier to guess more conservative.
DK |
