While Acme competes against Cisco Systems Inc. (NASDAQ: CSCO), shares of Riverbed Technology, Inc. (NASDAQ: RVBD) and Juniper Networks, Inc. (NASDAQ: JNPR) are the stocks suffering after posting gains in the first day of 2012.
Acme cut its targets to $1.03 to $1.05 EPS for the year on sales of $308 million to $310 million. When it gave guidance in October, those ranges were $1.14 to $1.18 EPS on sales of $315 million to $320 million.
The stock was initially halted after a 2.9% gain to $31.81 today, but shares are down 17.5% in the after-hours session down around $26.25. Sadly, this is going to make for a 52-week low as the range over the last year was $29.25 to $84.50.
JON C. OGG
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