NEW YORK (TheStreet) -- Shares of E2open  (EOPN) plunged 7.81% to $8.50 in after-hours trading Wednesday after the company issued third-quarter and full-year guidance below analysts' expectations.

For the third quarter, the software company expects an adjusted loss per share in the range of 17 cents to 20 cents on revenue in the range of $20.1 million to $20.9 million. The consensus estimate calls for a loss of 14 cents on revenue of $21.7 million.

For the full year, E2open forecasts a loss of 58 cents to 61 cents on revenue in the range of $83 million to $85.5 million. Analysts expect a loss of 53 cents on revenue of $85.4 million.

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The company reported a second-quarter adjusted loss of 11 cents a share on revenue of $20.8 million. This beat analysts' expectations of a loss of 14 cents on revenue of $20.7 million.

Separately, TheStreet Ratings team rates E2OPEN INC as a "sell" with a ratings score of D-. TheStreet Ratings Team has this to say about their recommendation:

"We rate E2OPEN INC (EOPN) a SELL. This is driven by some concerns, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share."

EOPN Chart EOPN data by YCharts


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