Tue, Oct. 20, 5:40 PM
Tue, Oct. 20, 4:13 PM
Mon, Oct. 19, 5:35 PM
Wed, Jul. 22, 12:44 PM
- Manhattan Associates (NASDAQ:MANH) has surged to new highs after beating Q2 estimates. The supply chain software vendor now forecasts 2015 revenue of $553M-$558M (+12%-13% Y/Y) and EPS of $1.40-$1.42, above a consensus of $547M and $1.35.
- Business performance: License revenue (closely watched) rose 10% Y/Y to $19.8M. Services revenue (driven by past license deals) rose 15% Y/Y in Q2 to $107.3M, and hardware/other revenue rose 9% to $12M. License revenue was recorded on four $1M+ contracts.
- Financials: GAAP costs/expenses rose 9% Y/Y to $97.7M. $25.2M was spent on buybacks. Manhattan ended Q2 with $108.4M in cash/investments, and no debt.
- Q2 results, PR
Tue, Jul. 21, 4:04 PM
Mon, Jul. 20, 5:30 PM
Thu, Jun. 4, 6:19 PM
- Manhattan Associates (NASDAQ:MANH) will replace Life Time Fitness (about to be taken private) in the S&P MidCap 400 following the June 10 close. Supernus Pharma (NASDAQ:SUPN) will take Manhattan's place in the S&P SmallCap 600.
- Manhattan has risen to $56.49 in AH trading, and Supernus to $15.27 (a new 52-week high).
Tue, Apr. 21, 4:13 PM
Mon, Apr. 20, 5:35 PM
Mon, Apr. 20, 1:19 PM
- Manhattan Associates (NASDAQ:MANH) has surged to new highs ahead of Tuesday afternoon's Q1 report. 378K shares have been traded vs. a 3-month daily average of 426K.
- Over the weekend, IBD mentioned the supply chain management (SCM) software vendor is one of four companies on its IBD 50 list reporting this week, and has benefited from SCM investments made by retailers looking to grow their online sales.
- Today, IBD has followed up with a column featuring upbeat remarks from Benchmark's Mark Schappel (Hold rating) and fund manager Thomas Vandeventer. Schappel thinks rivals such as Oracle and SAP "are distracted or disorganized at the moment," something that's helping Manhattan "kind of make its mark a little bit more in the [SCM] space."
- SA author Quantified Alpha has also issued a bullish column today. Manhattan now trades for 43x 2015E EPS; the 2015 revenue growth consensus is 9.3%.
Mon, Mar. 23, 3:15 PM
- Today's notable tech gainers include OLED materials/IP provider Universal Display (OLED +5.7%), salvage auction site Liquidity Services (LQDT +6.2%), auto site TrueCar (TRUE +8.5%), touchscreen tech developer Neonode (NEON +10.4%), hard drive assembly supplier Hutchison (HTCH +7.1%), Web site owner/ISP United Online (UNTD +5.5%), software outsourcing firm Luxoft (LXFT +5.6%), optical component vendor NeoPhotonics (NPTN +8.3%), and U.S. solar installer Solar3D (SLTD +15.2%).
- Many Chinese names are also rallying today. Standouts include online real estate plays SouFun (SFUN +6.9%), E-House (EJ +4%), and Leju (LEJU +8.1%), online beauty product retailer Jumei (JMEI +5.9%), online classifieds platform 58.com (WUBA +5%), and app developers/publishers Sungy Mobile (GOMO +4.7%), Cheetah Mobile (CMCM +7.6%), and China Mobile Games (CMGE +5.9%).
- The list of major decliners is smaller: It includes cloud healthcare software firm Castlight (CSLT -4.8%), microcontroller maker Atmel (ATML -3.1%), supply chain software vendor Manhattan Associates (MANH -4.3%), Chinese solar cell/module maker ReneSola (SOL -5.9%), and RF filter tech developer Resonant (RESN -8.6%).
- Universal Display is rallying to new 52-week highs yet again amid Galaxy S6 enthusiasm. Solar3D is now up 42% over the last 3 trading days. Heavily-shorted Cheetah Mobile is reversing Friday's post-earnings losses. Castlight is adding to the losses seen on Friday following a neutral Wells Fargo launch.
- Previously covered: Digital Ally, Sonus, xG Technology, IPG Photonics, CyberArk, Immersion, Nvidia, EZchip
Mon, Mar. 16, 3:19 PM
- Though the Nasdaq is up 1.1%, major tech decliners are roughly on par with major gainers today.
- Notable gainers include telecom equipment vendor Ciena (CIEN +3.9%), data center owner CyrusOne (CONE +4.6%), optical component maker NeoPhotonics (NPTN +6.1%), software outsourcing firm Luxoft (LXFT +7.7%), supply chain software vendor Manhattan Associates (MANH +4.2%), and Chinese game developer NetEase (NTES +3.7%).
- Notable decliners include leading Chinese online video platform Youku (YOKU -4%), 4G router/M2M module maker Novatel (MIFI -5.5%), security hardware/software vendor KEYW Holding (KEYW -5.3%), Chinese online retailer LightInTheBox (LITB -8.7%), Chinese online real estate plays E-House (EJ -4.7%) and Leju (LEJU -5.3%), seismic tech provider Geospace (GEOS -7.5%), and U.S. solar installer Vivint (VSLR -4.3%).
- CyrusOne, Luxoft, and Manhattan Associates are making new 52-week highs. Geospace's decline comes as crude oil falls to fresh 6-year lows. The Chinese decliners are failing to get a boost from pro-stimulus remarks from premier Li Keqiang (they've lifted many other Chinese names).
- Previously covered: Xilinx, Neonode, MoSys, Superconductor Technologies, Himax, Alibaba, Avago, Qorvo, King Digital, iDreamSky, MicroVision
Tue, Feb. 3, 4:03 PM
Mon, Feb. 2, 5:35 PM
Mon, Feb. 2, 2:50 PM
- Tech companies posting major gains today include fiber access equipment vendor Zhone (ZHNE +5.3%), wireless charging tech developer Energous (WATT +4.6%), 4G infrastructure software vendor Mavenir (MVNR +5.8%), online content provider Demand Media (DMD +6.2%), and online health insurance seller eHealth (EHTH +3.9%).
- Major tech decliners include several Chinese Internet names. Specifically, online retailers Vipshop (VIPS -4.9%) and Dangdang (DANG -4.1%), auto site Bitauto (BITA -6.4%), mobile game publisher Sky-Mobi (MOBI -4%), and social media/gaming platform YY (YY -6.3%).
- Other notable decliners include cybersecurity hardware firm KEYW (KEYW -4.9%), telecom/ARM server chipmaker AppliedMicro (AMCC -10.1%), specialty foundry TowerJazz (TSEM -4.7%), cloud healthcare software firm Castlight (CSLT -4.1%), cloud marketing software firm Marketo (MKTO -4.5%), online coupon code platform RetailMeNot (SALE -4.7%), optical component vendor NeoPhotonics (NPTN -6%), and supply chain software firm Manhattan Associates (MANH -5.1%). The Nasdaq is down 0.3%.
- Previously: Solar stocks jump amid oil/energy stock rally
Wed, Jan. 7, 11:33 AM
- Believing corporate supply-chain modernization and multi-channel retail initiatives will boost demand for the company's software, Raymond James has upgraded Manhattan Associates (NASDAQ:MANH) to Strong Buy, and hiked its target by $4 to $46.
- Manhattan has rallied above $40, and is less than $3 from a 52-week high of $43.20. Shares go for 32x 2015E EPS.
Manhattan Associates Inc develops, sells, deploys, services and maintains software solutions designed to manage supply chains, inventory and omni-channel operations for retailers, wholesalers, manufacturers, logistics providers and other organizations.
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