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May 28, 2015, 9:16 AM
May 27, 2015, 4:57 PM
- CA Technologies is buying Rally Software (NYSE:RALY), a maker of cloud-based software development tools, for $19.50/share, or $480M net of cash on hand. The price represents a 44% premium to Rally's Wednesday close.
- CA, which is looking to cut its dependence on a slow-growing system management software market (pressured by cloud competition), states Rally's Agile Development tools will "complement and expand CA's strengths in the areas of DevOps and Management Cloud." Rally's clients include over 35 Fortune 100 firms.
- The deal is expected to close in calendar Q3 (CA's FQ2). In spite of the premium, CA's purchase price is well below Rally's 2013 post-IPO high of $33.05.
- Rally is at $19.25 in AH trading. CA is unchanged.
May 14, 2015, 3:06 PM
- With the Nasdaq up 1.3%, major tech gainers are easily outnumbering major decliners.
- Notable gainers include Chinese online classifieds leader 58.com (WUBA +4.2%), smart grid hardware/software provider Silver Spring (SSNI +8%), solar power optimizer/inverter maker SolarEdge (SEDG +5.6%), Hadoop analytics software provider Hortonworks (HDP +8.4%), software development app provider Rally Software (RALY +4.8%), Chinese mobile app developer Cheetah Mobile (CMCM +6.7%), and online ad retargeting firm Criteo (CRTO +4.3%).
- 58.com and Cheetah are joining several other Chinese Internet stocks in rallying strongly after good earnings reports from Ctrip and NetEase. Silver Spring is now up 30% since beating Q1 estimates and providing strong guidance on May 7. Hortonworks is up 13% since posting a Q1 beat and guidance hike on Monday. SolarEdge is up 29% since delivering blowout results/guidance a week ago. Criteo is up 11% since last week's Q1 beat and strong guidance.
- Previously covered: Facebook, Qiwi, Youku/MagnaChip, Cypress, Qunar, Himax, Ctrip, NetEase
- Notable decliners: Digital Ally, Identiv, Camtek
Mar. 20, 2015, 12:45 PM
Mar. 20, 2015, 9:23 AM
Dec. 5, 2014, 12:50 PM
Dec. 4, 2014, 5:36 PM
Aug. 29, 2014, 12:45 PM
Jun. 6, 2014, 12:47 PM
Jun. 6, 2014, 9:14 AM
Jun. 5, 2014, 5:35 PM
Jun. 5, 2014, 5:01 PM
- Though Rally Software (RALY) beat FQ1 estimates and posted nearly in-line revenue, it expects FQ2 revenue of $20.2M-$20.8M (just 2%-5% Y/Y growth) and FY15 (ends Jan. '15) revenue of $87M-$90M (17%-21% growth), below consensus estimates of $22.5M and $92.3M.
- EPS guidance is a little better: Rally expects FQ2 EPS of -$0.39 to -$0.42 and FY15 EPS of -$1.31 to -$1.36 vs. consensus estimates of -$0.42 and -$1.57.
- The provider of cloud-based software development tools says it "struggled slightly in selling new seats to new customers," as large growth in quote-carrying headcount caused "some execution delay."
- Canaccord's recent remarks about the growing pains often faced by enterprise software companies (in reference to Splunk) appear relevant.
- GAAP opex +27% Y/Y to $22.6M. Paid seats +6% Q/Q and +23% Y/Y to ~226K.
- RALY -18.2% AH. FQ1 results, PR, CFO commentary (.pdf)
Jun. 5, 2014, 4:33 PM
- Rally Software (RALY): Q1 EPS of -$0.27 beats by $0.23.
- Revenue of $19.43M (+21.1% Y/Y) misses by $0.16M.
- Shares -21.03% AH.
May 30, 2014, 1:49 PM
- High-beta enterprise tech names are particularly well-represented in a momentum stock selloff as Splunk, Nimble Storage, Violin Memory, and (especially) Infoblox fall post-earnings.
- Analytics/data visualization software vendors Tableau (DATA -6.5%) and Qlik (QLIK -4.1%), often hyped (like Splunk) as big data plays, are among the decliners. As is flash storage vendor Fusion-io (FIO -5.4%), which competes with Violin and (to a lesser extent) Nimble. But they're far from the only ones.
- Security decliners: FEYE -6.5%. CUDA -8.4%. IMPV -7.4%. PFPT -5.7%. VDSI -4%. QLYS -4.5%.
- Cloud software decliners: WDAY -4.1%. JIVE -4.3%. MKTO -7.4%. NOW -4.9%. TNGO -5.1%. CSLT -6.9%. TXTR -6.7%. RALY -11.6%.
Apr. 17, 2014, 10:29 AM
Apr. 8, 2014, 4:00 PM
- Smart bargain hunting or catching a falling knife? After being bludgeoned almost ceaselessly over the last couple of weeks, many high-beta tech stocks are closing the day with sizable gains.
- The rebound comes on a day when hedge fund Coatue Management announced plans to return over $2B to investors following a 9% March decline caused by tech stock losses. It also comes as several tech giants, including Apple, Microsoft, H-P, and IBM, finish the day near breakeven, or with modest losses.
- Leading U.S. Internet gainers: LNKD +6.2%. P +6%. ZU +5%. SALE +7.2%. SSTK +6%. AOL +4.6%.
- Chinese Internet gainers: EJ +9.1%. WBAI +8.9%. QIHU +7.9%. ATHM +8.1%. YY +6.8%. SFUN +8.7%. GOMO +9.8%. Ctrip and Qunar were among the sector's biggest gainers following M&A rumors.
- Others: FSLR +7%. NMBL +6.2%. NPTN +5.9%. PANW +5.5%. EGHT +5.4%. RFMD +4.9%. QIWI +4.9%. CRUS +4.3%. RALY +5.5%.
Rally Software Development Corp provides cloud-based solutions. The Company manages Agile software development tools and educational and support services to help companies adopt Agile and Lean software development practice.
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