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 radio chip maker Aeroflex
So what: Aeroflex lowered its fourth-quarter sales estimates by 11% last night, immediately followed by two analyst downgrades from buy to hold. Management pinned the lower-than-expected sales on a late, final approval from the Marine Corps on a $16 million order of radio maintenance equipment.
Now what: Aeroflex is suffering from lumpy sales more than anything else. A delayed order is a far cry from a panic-inducing canceled sale, after all. I'd understand this steep drop if rivals Honeywell International
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Fool contributor Anders Bylund holds no position in any of the companies discussed here. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool is investors writing for investors.