Why Telos Stock Is Plummeting Today
Shares of Telos (NASDAQ: TLS) are crashing in Thursday's trading. The cybersecurity company's stock was down roughly 33% in the daily session as of 1 p.m. ET, according to data from S&P Global Market Intelligence.
Telos published its fourth-quarter earnings results before the market opened on March 16, delivering sales and earnings for the period that came in ahead of the market's expectations. But despite delivering top- and bottom-line beats, management's guidance spooked the market and is prompting big sell-offs for the stock.
Image source: Getty Images.
Source Fool.com
