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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 662.63+0.4%Nov 19 4:00 PM EST
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To: Clint E. who wrote (15414)4/2/1998 12:54:00 PM
From: Johnny Canuck  Read Replies (2) of 68144
 
SECURITY DYNAMICS TECHNOLOGIES INC. (SDTI) 42 1/2 CLOSED. Shares of
enterprise network and data security solutions provider are expected to tumble this morning
after the company warned that Q1 results will come in below market projections. According to
Security Dynamics, it expects an operating Q1 profit of $0.14 a share, at least a nickel below
Wall Street projections, compared with year-ago profit of $0.12 a share. While revenues for
the period are expected to increased 37% to approximately $39 million, from $28.4 million in
the year-ago period, a larger uptick in revenues was anticipated given that it had revenues of
$39.73 million in Q4. According to SDTI, the failure to close on certain sales that had been
expected to occur in the period is the primary reason for the earnings miss. And while this failure
to close on certain business suggests that these sales are likely to materialize in a latter quarter,
the company is considering making adjustments to its business plan, implying that these sales
may not materialize at all. Hence, the stock is expected to receive a major haircut this morning,
although a trade has yet to go through at the $30 level.
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