Isilon Systems Inc. (ISLN) Stock Crashes
Shares of Isilon Systems Inc. slumped in electronic premarket trading Friday after the company lowered its full-year sales outlook and forecast third-quarter revenue below analysts' estimates.
Isilon, which develops storage systems for digital content, reduced its 2007 revenue guidance late Thursday to a range of $98 million to $105 million, down from its prior forecast for sales between $115 million and $125 million.
Analysts polled by Thomson Financial expect full-year revenue of $118 million.
Isilon predicts third-quarter sales in a range of $25 million to $27.5 million, while analysts forecast revenue of $31.4 million.
Isilon, which develops storage systems for digital content, reduced its 2007 revenue guidance late Thursday to a range of $98 million to $105 million, down from its prior forecast for sales between $115 million and $125 million.
Analysts polled by Thomson Financial expect full-year revenue of $118 million.
Isilon predicts third-quarter sales in a range of $25 million to $27.5 million, while analysts forecast revenue of $31.4 million.
Labels: Isilon Systems Inc., ISLN
posted by Stock Administrator @ 3:21 PM
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