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Blackbaud Inc. (BLKB) Is Down Sharply After Q4 Report

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2/23/2012 9:37 AM ET

Blackbaud Inc. (BLKB: Quote) reported fourth quarter non-GAAP EPS of $0.27 after the bell Wednesday, compared to $0.25 in the prior year period.

Blackbaud gapped open sharply lower Thursday and has spiked to the downside in early trade. The stock is now down 6.86 at $25.14 and has fallen to a 4-month low. Blackbaud has also dropped below both its 50 and 200-day moving averages.

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by RTT Staff Writer

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