LogMeIn Outlook For Q1 'Terrible' And Stock Plunges
Shares of remote-access software maker LogMeIn (LOGM) plunged 28% in early trading Friday, to three-year lows, after the company late Thursday fell short of Wall Street projections with its guidance for the current quarter. Cowen and Co. analyst Gregg Moskowitz characterized LogMeIn's Q1 forecast as "terrible," in a research report released Friday. "The company issued shockingly poor 2013 guidance due to meaningful revenue deceleration in Customer
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