SolarWinds (SWI) updated its outlook for the full year ending December 31, 2010.
For the full year, the company revised its outlook due to unfavorable trends in the exchange rate of Euros to US dollars, lengthening sales cycles to the U.S. federal government, resulting in decreased predictability of future results and an expected decline in sales to the U.S. federal government, and lower expectations for the growth in European sales due to economic issues impacting both the public sector and commercial business customers in the region.
For the full year 2010, SolarWinds now expects total revenue in the range of $146 to $151 million, non-GAAP net income of $49.3 to $52.2 million and non-GAAP diluted EPS of $0.67 to $0.70.
On the revised outlook, shares are down 22.25%.
Mellanox Technologies (NASDAQ:MLNX) posted revenues of $40 million for the second quarter and non-GAAP diluted EPS of $0.29.
Following the report, shares are down 30% on extremely heavy volume.
Netflix (NASDAQ:NFLX) posted revenue for the second quarter of 2010 of $519.8 million, coming in short of estimates. The company upped its full year 2010 forecast, but it seems investors are focused on the revenue miss, with shares down 9.75%.
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