Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of Websense
So what: Most of Websense's Q3 report was otherwise impressive. Revenue increased 9% to $92.1 million while adjusted per share earnings rose 19% to $0.44. Analysts were expecting $91.5 million and $0.41 a share, respectively, according to data compiled by Yahoo! Finance.
Now what: Investors nevertheless focused on management's reduced guidance. In a press release, Websense cut the high end of its fiscal 2011 earnings estimate by two pennies -- from $1.60 to $1.58 a share. Interestingly, security software peer Symantec
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