Ontrack Looks To Test Shorts: What's Next?
Ontrack Looks To Test Shorts: What's Next? When Ontrack Inc (NASDAQ:OTRK) pre-announced its fourth-quarter 2020 earnings on March 1, the stock plummeted 47% despite printing a massive revenue beat. Although Ontrack grew its revenues to $29.3 million for the quarter, an increase of 149% year over year and 22% from the previous quarter, its CEO and Chairman Terren Peizer disclosed the company's largest customer had terminated its contract effective June 26, 2021. With the loss of the customer, and its 8,400 members, investors exited the stock on fears its revenues may substantially decrease. O...
Source: benzinga.com