On Thursday, Rosetta reported a first-quarter loss of 3 cents per share, better than the 8 cent expected loss, but revenue of $63.9 million lagged analysts' estimate of $64.5 million. Shares had been on quite a run since early March, up 56% before Thursday's earnings announcement, and so perhaps some profit-taking was in order.
Perhaps the universal shelf registration Rosetta filed Thursday also contributed to the stock's drop. The shelf registration allows the sale of 8.4 million shares held by the company's two largest insider shareholders, and also allows the company to issue debt or preferred stock. Still, at a time when value is getting tougher to find, Rosetta Stone is on my radar. At the time of publication the author held no positions in any of the stocks mentioned.Follow @JonMHellerCFAThis article is commentary by an independent contributor, separate from TheStreet's regular news coverage.Follow@JonMHellerCFA