Originally published July 27, 2007 at 12:00 AM | Page modified July 27, 2007 at 6:17 PM
PrintIsilon shares drop 36 percent on sales forecast
Shares of Seattle-base Isilon Systems fell $5.37, or 36 percent, to close at $9.54 today after the company reduced its revenue forecast...
Seattle Times staff and Bloomberg News
Shares of Seattle-base Isilon Systems fell $5.37, or 36 percent, to close at $9.54 today after the company reduced its revenue forecast.
The maker of digital media storage devices said it expects sales of as much as $27.5 million in the third quarter. The average estimate from eight analysts was $31.8 million, according to a Bloomberg survey. The company also reduced its revenue forecast for the year.
Isilon went public in December at $13, and shares quickly climbed past $25, only to slump into the teens this past spring.
Copyright © 2007 The Seattle Times Company
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