U is trading at $20.04 (-6.40%) on continued fallout from a weak Q1 revenue forecast that triggered a massive post-earnings sell-off.

  • While Q4 results beat estimates with $503M in revenue and $0.24 EPS, Q1 guidance of $480M-$490M fell short of the $491.8M consensus.
  • Needham analysts lowered their price target to $35 while maintaining a Buy rating, as retail investors view the sharp decline as an overreaction to the company's turnaround efforts.
  • Today's decline follows a 26% drop in the previous session, with the stock bucking broader market gains as investors digest the guidance miss.