Q: So what gives with kxs? 5i gave it good reviews on earnings (which appeared to be strong), but it's down over 3% as of 11am. I realize it's a down market day but with good earnings, it shouldn't be leading the pack downward. So what gives?
5i Research Answer:
We try not to read too much into minor (for tech at least) moves on earnings releases. EPS beat by a wide margin and the outlook was good. It has a stock buyback in place. We would consider these the things to focus on.