Category: Software

Internet
Finance, Internet, Retail, Software

Stock Upgrades: Yelp Inc (NYSE:YELP), Glu Mobile (NASDAQ:GLUU), Fortune Brands Home & Security (NYSE:FBHS), Wright Medical Group (NASDAQ:WMGI)

Yelp (NASDAQ:YELP) was upgraded by investment analysts at Piper Jaffray from a “neutral” rating to an “overweight” rating in a note issued to investors on Thursday. A number of other analysts have also recently weighed in on YELP. Analysts at Oppenheimer raised their price target on shares of Yelp from $78.00 to $80.00 in a research note on Thursday. They now have an “outperform” rating … Continue reading Stock Upgrades: Yelp Inc (NYSE:YELP), Glu Mobile (NASDAQ:GLUU), Fortune Brands Home & Security (NYSE:FBHS), Wright Medical Group (NASDAQ:WMGI)

Colin Pettis
Software

inContact Post In Line Q3 Results

Last night, inContact (SAAS) delivered 3Q results that matched consensus estimates for total revenue, software revenue and GAAP EPS. Interestingly, customer utilization rebounded nicely from the prior quarter and bookings growth of 35% came in stronger than expected driven by solid field sales execution and accelerating partner activity. All in all, the 3Q earnings report represents a reasonable rebound from the disappointing 2Q, when the … Continue reading inContact Post In Line Q3 Results

Adam Keintzel
Diversified Tech, Software, Tech IPO

QAD, Inc. Posts Positive Quarter Against a Tough Climate

QAD reported a respectable quarter last night, delivering in line total revenue and GAAP EPS above estimates. However, management maintained guidance in its seasonally strong F4Q, implying a slight fade in expectations. Importantly, the company continues to notch deals for its on-demand business, particularly from existing on-demand customers rolling out the solution to new sites or divisions. QAD’s shares are up approximately 38% during the … Continue reading QAD, Inc. Posts Positive Quarter Against a Tough Climate

Mark Doerr
Mergers & Acquisitions, Software

Textura Corporation Acquires LATISTA

On Thursday, after the markets closed, Textura announced that it acquired LATISTA for $35 million in cash; the deal is expected to close on December 2. LATISTA provides in‐the‐field project management applications, such as punch lists and document management. The company has a similar business model to Textura, as it charges general contractors based on the total construction value of projects that are using the … Continue reading Textura Corporation Acquires LATISTA

Colin Pettis
Diversified Tech, Software

eBay Looking to Overcome Weak Holiday Outlook

eBay reported in-line 3Q results, with outperformance in Marketplaces revenue and incremental operating leverage offsetting a modest shortfall in PayPal revenue. However, guidance once again came in below expectations, driven by domestic macro weakness and caution regarding the holiday period. While we suspect management’s near-term forecast may prove conservative, we see no change to the positive, consistent fundamental long-term trends. Therefore, although we acknowledge there … Continue reading eBay Looking to Overcome Weak Holiday Outlook

Jason Knox
BioTech, Semiconductors, Software

ARM Holdings Beats Street Estimates Once Again

ARM Holdings reported 3Q13 results on Thursday that were above consensus estimates. On a positive note, ARMH’s license revenue continues to significantly exceed expectations, and ARM PD (Processor Division) royalty revenue continues to outperform ARM’s served available market (SAM) according to management’s guidance. Admittedly, shares are richly valued, and the market clearly wanted a perfect quarterly report with perfect guidance. However, there were a few … Continue reading ARM Holdings Beats Street Estimates Once Again

Jason Knox