Rally Software (RALY -3.5%) doesn't on underwriter coverage day, even though all four firms...

|About: Rally Software (RALY)|By:, SA News Editor

Rally Software (RALY -3.5%) doesn't on underwriter coverage day, even though all four firms issuing reports have established bullish stances. Needham (Buy) argues Rally is well-positioned for strong growth in an agile software development tool market featuring 6M-8M potential seats, and in which Rally has sold only 168K seats thus far. The firm notes the growing preference for agile development, which can improve time-to-market, relative to traditional methods. Rally is up 34% from its April IPO price of $14.