Shares of NetGenesis tumbled 18 percent Monday on the eve of the release of the company's second-quarter financial results.
Analysts estimate a loss of 29 cents per share for the quarter, ended June 30. Last quarter, ended March 31, the company reported a loss of 39 cents per share.
NetGenesis received a strong buy rating from one broker and a moderate buy rating from two others.
The Cambridge, Mass.-based solution provider had a market capitalization of $344.8 million as of July 21. Shares have ranged from a 52-week high of $59 to a 52-week low of $11.19.
In late afternoon trading Monday, NetGenesis fell $2.88 to $12.50 per share.
Meanwhile, the broader market also headed south. The Nasdaq dropped 81 points to 4,013, while the Dow Jones Industrial Average dipped 17 points to 10,716.
For an updated NetGenesis stock quote, click here.
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