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Model N Inc. (MODN) Is Sinking On Guidance News

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Model N Inc. (MODN: Quote) announced after the close Monday that it expects to report first quarter revenues of $20.0 million to $21.0 million and between $70.0 million and $80.0 million for the full year. The consensus estimates are for revenues of $27.59 million and $101.72 million. The stock is now down 4.48 on 74K shares.

Model N moved in a narrow range throughout Monday's session and closed up by 0.01 at $14.73. The stock has been moving in a narrow range for the past week at the lows of the year.

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by RTT Staff Writer

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