RightNow lower on guidance-related downgrades

Shares of RightNow Technologies (Nasdaq: RNOW) plunged in early morning trading today as three brokerage firms downgraded the stock after the company said second quarter and 2007 results would fall below analysts’ expectations.

Jefferies & Co and Roth Capital downgraded the stock from “Buy” to “Hold,” while First Albany downgraded it from “Strong Buy” to “Buy.”

In an announcement issued after the close Thursday, RightNow reported first quarter income and revenue that topped analysts’ estimates. But looking ahead, the Bozeman, Mt.-based software firm said it expects a net loss of $0.18 to $0.20, including stock-based compensation, on revenue in the range of $26.3 million to $26.8 million for the second quarter.

Twenty analysts polled by Thomson First Call were expecting a net loss of $0.12 on revenue of $27.9 million for the second quarter.

For the full year, RightNow said it expects a net loss of $0.51 to $0.59 on revenue in the range of $116 million to $120 million. Analysts were expecting a net loss of $0.41 per share on revenue of $117.9 million.

Meanwhile, RightNow posted a net loss of $6 million, or $0.18 per share, on revenue of $25.7 million for the first quarter compared with a net loss of $400,000, or $0.01 per share, on revenue of $24.6 million in the prior year first quarter.

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