(Reuters) - "The sales cycle is lengthening. It's not that the customers have decided to go with another competitor. It is in almost every case the timing on us signing a contract with the customer has been delayed," Chief Financial Officer Randall Pittman said from Birmingham, Alabama.
The lowering of the estimates prompted at least one brokerage to downgrade the stock.
Read more at Reuters.com Hot Stocks News
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment