Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Music and audio products company Focusrite (TUNE) has announced “trading in-line with expectations… The agility of our teams and strength of our product portfolio in combination with strategic actions including the strengthening of routes to market, selective new product development and careful cost management give us confidence in the future progress of the group”. However, how creditable trading in line with expectations is clearly depends on how demanding the expectations are and how confident to really be currently from an around 200p share price here?…
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