LogMeIn (LOGM) stock fell -29.63% today, making it the biggest loser across the NYSE and Nasdaq as investors scrambled to dump the company's shares.
LogMeIn, a "remote-access software services" company reported Q4 figures that beat Wall Street’s estimates. However, the company announced Q1 guidance that greatly disappointed stock analysts.
For their Q1 2013 guidance, LOGM advised that revenue would come in between $36M and $36.5M. That was below Wall Street’s revenue expectation of $38.M[related2][/related2]