Thursday, April 8, 2010

Uncompelled in Compellent (CML)

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Compellent Technologies, Inc. (NYSE: CML) is trading lower after last night’s announcement that it sees its Q1 revenue below market expectations.  Shares were down 16% last night.  The stock is now indicated down 21.4% at $13.80 on over 67,000 shares as of 8:39 AM EST.  The stock trades 644,000 shares trade on average and the 52-week range is $9.94 to $24.95.  The company is into enterprise-class network storage solutions, a sector which is supposed to be strong.