Seeking Alpha
 

Actuate Corporation (BIRT)

- NASDAQ
  • Dec. 5, 2014, 12:50 PM
    | 2 Comments
  • Dec. 5, 2014, 9:38 AM
    • Through a tender offer approved by both companies, Open Text (NASDAQ:OTEX) is acquiring business intelligence/analytics software vendor Actuate (NASDAQ:BIRT) for $330M ($6.60/share) in cash, or an enterprise value of $272M. The price represents an 89% premium to Actuate's Thursday close.
    • The deal is expected to close in Q1 2015 (Open Text's FQ3), and be accretive in FY15 (ends June '15).
    • Through it, Open Text enters a BI market that's seeing healthy growth amid broader corporate interest in analytics and data mining solutions, but is also very competitive; IBM, SAP, Oracle, Microsoft, Tableau (growing rapidly), and Qlik are among the other participating firms.
    • In a presentation (.pdf), Open Text declares Actuate "the leader in personalized analytics and insights," talks up the ability to cross-sell Actuate's products to Open Text's existing content management/BPM software base, and suggests there's also an opportunity to cross-sell to Actuate's 3.5M developers.
    | Comment!
  • May. 2, 2014, 12:49 PM
    | 2 Comments
  • Feb. 5, 2014, 12:48 PM
    | Comment!
  • Feb. 5, 2014, 9:39 AM
    • Zillow (Z +2.1%) has been upgraded to Buy by CRT Capital ahead of its Feb. 12 Q4 report.
    • Mobile TeleSystems (MBT +3.6%) has been upgraded to Neutral by Credit Suisse.
    • Actuate (BIRT -18.2%) has been cut to Hold by Drexel Hamilton following yesterday's Q4 miss.
    • Vitesse (VTSS -5%) has been cut to Hold by Craig-Hallum after missing Q4 estimates.
    | Comment!
  • Apr. 30, 2013, 2:20 PM
    Informatica (INFA -3%), Splunk (SPLK -1.9%), and Qlik (QLIK -3%), 3 names hyped as analytics/big data plays, slump in response to Microstrategy's (MSTR -11.1%) big Q1 miss, which includes a 24% Y/Y drop in produce license revenue. As is its custom, the business intelligence software vendor gives no reason for its miss, nor does it provide guidance or an earnings call. It is, however, happy to note its buyback program ($455M remaining) has been extended to April 2018. Microstrategy's numbers are overshadowing solid results from rival Actuate (BIRT +6.2%); the company posted 16% Y/Y Q1 license rev. growth, compared with nearly flat total rev. growth.
    | Comment!
  • Mar. 1, 2013, 2:12 PM
    Business intelligence software firms Microstrategy (MSTR +1%), Qlik (QLIK +2.8%), and Actuate (BIRT +5.3%) move higher in the wake of machine data analytics leader Splunk's (SPLK +6.2%) FQ4 beat and strong Q1 guidance. Splunk, now close to its post-IPO highs, boasted on its earnings call of adding 400+ customers in FQ4, up from 350+ in FQ3. $100K+ orders totaled 171, up from 125 in FQ3, and included a $20M deal. Management talked up the potential of the security compliance market (25%-30% of bookings), and said it now has 160 customers on its Storm cloud platform.
    | Comment!
  • Feb. 14, 2013, 5:06 PM
    Middleware/analytics software provider Tibco (TIBX) +1.6% AH in response to business intelligence software firm Qlik's Q4 beat and strong 2013 guidance. Both companies have been hyped on occassion as big data plays. Other names that could move higher include Qlik rivals Microstrategy (MSTR) and Actuate (BIRT), data warehousing vendors Informatica (INFA) and Teradata (TDC), and machine data software king Splunk (SPLK).
    | Comment!
  • Feb. 4, 2013, 4:46 PM
    Actuate (BIRT): Q4 EPS of $0.09 in-line. Revenue of $35.7M beats by $1.67M. Shares +3.4% AH. (PR)
    | Comment!
  • Jan. 24, 2013, 6:14 PM
    Informatica (INFA) reportedly guides on its Q4 call for Q1 revenue of ~$201M and EPS of $0.29-$0.32. Shares +8.2% AH, paring some of the gains they saw on news of a huge Q4 beat, but still up strongly. Deferred revenue reached $250.8M in Q4, up from $226.9M in Q3 and $214.6M in Q4 '11. Some other big data/analytics plays, such as SPLK, TIBX, BIRT, QLIK, TDC, and MSTR, could rally tomorrow.
    | Comment!
  • Oct. 31, 2012, 12:09 PM
    Business intelligence software vendors continue to have a rough time: 5 days after Qlik (QLIK -0.5%) was clobbered thanks to an FQ3 miss, the same is happening to Microstrategy (MSTR -11.8%) and Actuate (BIRT -13.9%) following their Q3 misses (I, II). Actuate, which noted European sales are weak, has received a downgrade to Neutral from Roth. Are macro issues solely to blame for the misses, or is competition also a factor? SPLK -2.8%. TDC -1.1%. INFA -1.7%.
    | Comment!
  • Oct. 23, 2012, 10:20 AM
    MicroStrategy (MSTR -9.5%) dives after announcing: 1) Vice-chairman Sanju Bansal is being replaced as COO by services chief Bob Watts. 2) CTO Jeffrey Bedell has been replaced by engineering VP Peng Xiao. 3) Paul Zolfaghari, formerly COO at startup ParAccel, has been named President, along with legal chief Jonathan Klein. BMO is downgrading to Market Perform: it's unhappy with the COO change, and believes it could be a response to poor results. It also thinks the BI software market is slowing down - bad news for rivals QLIK and BIRT.
    | Comment!
  • Sep. 27, 2012, 12:42 PM
    FBN shows its love of big data plays, launching coverage on Tibco (TIBX +2%), Splunk (SPLK +4.1%), Informatica (INFA +2.4%), and Actuate (BIRT +8%) at Outperform. FBN likes Tibco's 30%+ license bookings growth, and talks up the potential of its Spotfire big data analytics platform (20% of revenue). Checks indicate Spotfire is more enterprise-ready than rival solutions from QLIK and Tableau, and that Tibco's co-marketing efforts are paying off. (also)
    | Comment!
  • Aug. 22, 2011, 4:05 PM
    Actuate (BIRT +7%) holds on to gains after being upgraded to overweight at First Analysis. The firm says the company is benefiting from its global business exposure, particularly in India, where 40% of developers are currently using or planning to use the company's technology over the next 12 months.
    | Comment!
Visit Seeking Alpha's
BIRT vs. ETF Alternatives
Company Description
Actuate Corp Software provides software services to BIRT developers and OEMs who build scalable and secure solutions. Its trademark products are; BIRT, BIRT iHub Visualization Platform, BIRT Analytics, BIRT Content Services, and BIRT iHub onDemand.
Sector: Technology
Country: United States