Commerce One hoped to put its investors at ease Friday when it said it was still comfortable with analysts' sales and loss estimates in its fourth quarter.
Commerce One (Nasdaq: CMRC) shares closed of $5.69, or 11 percent, to $47.63 ahead of the announcement.
After the bell, the business-to-business e-commerce software provider said it expects to lose 7 cents a share on sales of between $173 million to $177 million.
First Call Corp. consensus expects it to lose 7 cents a share in the quarter.
Company officials said it expects sales in the range of $800 million to $825 million in fiscal 2001.
Commerce One and other e-business software developers such as Ariba (Nasdaq: ARBA) and i2 Technologies (Nasdaq: ITWO) have watched their stocks plummet in recent weeks.
Commerce One topped analysts' estimates in its latest quarter, posting a loss of $14.7 million, or 9 cents a share, on sales of $112.7 million.
Its shares moved up to a 52-week high of $165.50 in March before tumbling to a low of $29 in April.
Twenty-seven of the 28 analysts following the stock maintain either a "buy" or "strong buy" recommendation.