SWIR gapped down to $11.47 on Friday morning, but is currently rebounding to trade at $12.89 in early afternoon trading. The stock is currently down over 20% after the company issued Q3 guidance after the bell on Thursday that left investors feeling a little empty. Volume is heavy, with over 6 million shares changing hands so far, compared to a normal daily average of 760k shares traded. For Q3, the company said that it now expects break-even earnings results and revenues of $51 million dollars, compared to analyst estimates of 12 cents per share of earnings and revenues of $57 million dollars.
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