The Company is a provider of data management solutions, which simplify the complexities of storing, managing, protecting, and archiving enterprise data.
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Company lowered guidance going forward. This company should be benefiting from this cloud euphoria, but instead has turned cautious. If a company who has been very successful is turning cautious, then it doesn't bode well for the sector at all.
Not to mention the premium being paid for a growth company turning cautious seems over priced.