NEW YORK (TheStreet) -- Shares of E2open Inc. (EOPN) are declining by 38.71% to $5.40 on heavy volume in mid-morning trading on Friday, after the company provided guidance for the fiscal 2015 fourth quarter that came in below analysts' expectations.

For the fiscal fourth quarter the provider of cloud based, on-demand software solutions said it is expecting a non-GAAP net loss to be in the range of 22 cents to 20 cents per share. Revenue is expected to be between $19.2 million and $19.7 million.

Analysts had forecast for a loss of 16 cents per share, on revenue of $22.9 million for the quarter.

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For the fiscal 2015 full year E2open is anticipating a non-GAAP loss of 63 cents to 61 cents per share, on revenue between $78.4 million and $78.9 million.

Analysts are expecting a loss of 59 cents per share on revenue of $83.69 million for the year.

The company released its fiscal 2015 third quarter earnings results after the market close on Thursday, and posted a non-GAAP net loss of 15 cents per share versus 16 cents per share for the 2014 third quarter.

Revenue for the latest quarter was $20.2 million, compared to $18.3 million for the same period last year.

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 a few notable weaknesses, 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, weak operating cash flow, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share."

You can view the full analysis from the report here: EOPN Ratings Report

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