Earlier this week shares of ClickSoftware Technologies Ltd. (NASDAQ:CKSW) fell hard, over 11%, before finding support after the company announced lower than expected guidance for the second quarter. Analysts were expecting revenues of $27.8 million with $0.03 earnings per share, whereas management expects revenues of $24.5 million and a resulting EPS loss between around $0.07. Additionally, 2013 revenue guidance has been lowered to a range of $110 million to $115 million, below the $120.5 million consensus. The revisions came just after the company reaffirmed guidance during the most recent quarterly report. The weakness was driven by short-term transitional problems related to the company's cloud offerings. Management stated the transitional problems were due to a "faster than expected shift...
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