Why Revolution Lighting Technologies Inc.'s Shares Popped
Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of Revolution Lighting Technologies Inc. jumped 10% today after the company announced a fourth-quarter update.
So what: Fourth-quarter revenue is expected to be around $7 million, $3 million lower than previously expected because of a major order delay. What got more attention today was a $200 million pipeline that the company will be filling in the next 12 to 18 months.
Now what: Order momentum picked up in 2013, and that's great for Revolution Lighting's future. At this young stage in the company's history, I would be more concerned with backlog and growth potential than slightly missing its estimate last quarter. I like the company's future and expect performance to pick up quickly in 2014 and beyond.
More stock picks for growth investors
They said it couldn't be done. But David Gardner has proved them wrong time, and time, and time again with stock returns like 926%, 2,239%, and 4,371%. In fact, just recently one of his favorite stocks became a 100-bagger. And he's ready to do it again. You can uncover his scientific approach to crushing the market and his carefully chosen six picks for ultimate growth instantly, because he's making this premium report free for you today. Click here now for access.
The article Why Revolution Lighting Technologies Inc.'s Shares Popped originally appeared on Fool.com.Travis Hoium and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2014 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.