Seeking Alpha

Tangoe (TNGO)

  • Thu, Mar. 12, 3:13 PM
    • Major tech gainers are about even with major decliners on a day the Nasdaq is up 0.8% (thanks to a broader market rally) in spite of Intel's Q1 warning.
    • Notable gainers include 3D printer maker Voxeljet (VJET +5.9%), cloud ERP/HR software provider NetSuite (N +3.7%), flash sales site Zulily (ZU +7.5%), stock photo marketplace Shutterstock (SSTK +6.5%), cloud telecom expense software vendor Tangoe (TNGO +5.6%), It services provider Virtusa (VRTU +4.7%), online video ad platform TubeMogul (TUBE +4%), and online ad campaign software provider Marin (MRIN +4.2%).
    • Notable decliners include several Chinese firms. Specifically, search/portal/game provider Sohu (SOHU -5.3%), entertainment/IM/gaming platform YY (YY -4.2%), mobile game publisher Sky-mobi (MOBI -5.8%), and sports lottery site (WBAI -5.6%).
    • Other big decliners include printer maker Lexmark (LXK -2.6%), chip packaging/testing provider ChipMOS (IMOS -4.7%), and smart grid/wind turbine component maker AMSC (AMSC -6.3%).
    • Zulily is just a day removed from making fresh lows the wake of last month's Q4 miss and soft guidance. BMO provided an upbeat note on TubeMogul yesterday.
    • YY has now more than given back the gains it saw last week following its Q4 beat. ChipMOS posts Q4 results after the close, and is two days removed from reporting its February sales rose 10.5% Y/Y, a slower pace than in recent months (thanks in part to the timing of the Chinese New Year). recently crashed due to license suspensions, but had bounced from its lows. Lexmark drop comes shortly after HP refreshed its printer lineup.
    • Previously covered: Box, Rosetta Stone, CyberArk, Integrated Silicon, Universal Display, Spherix, Synchronoss, Ingram Micro
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  • Sep. 4, 2014, 10:34 AM
    • Barclays has downgraded Tangoe (TNGO -4%) to Equal Weight, and cut its target by $7 to $15.
    • The cloud telecom management software provider is now down 24% YTD.
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  • 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%.
  • Jan. 30, 2014, 1:16 PM
    • Much as consumer Web plays are rising in sympathy with Facebook, enterprise cloud software names are sharply higher after cloud IT service desk software leader ServiceNow (NOW +14.3%) beat Q4 revenue estimates, provided very strong guidance, and reported its deferred revenue/backlog balance rose 59% Y/Y.
    • Salesforce (CRM +5.5%), Workday (WDAY +5.4%), NetSuite (N +6.2%), Textura (TXTR +9.8%), Cornerstone OnDemand (CSOD +3.6%), Jive Software (JIVE +3.4%), Ultimate Software (ULTI +3.4%), InContact (SAAS +3.9%), Tangoe (TNGO +3.7%), and LivePerson (LPSN +5.4%) are among the winners.
    • Baird has upgraded ServiceNow to Outperform, and several other firms have upped their PTs. Raymond James (Strong Buy) praises ServiceNow's efforts to expand into complementary markets such as HR automation, grow both its packaged and custom app sales, and to keep taking share from on-premise IT service desk vendors such as CA, BMC Software, H-P, and IBM.
    • On the CC (transcript), CEO Frank Slootman mentioned ServiceNow's installed base has grown to 2,060 accounts and 400 global 2000 customers. That's up from 1,900 and 360 three months earlier.
    • He added 80% of customers are now deploying custom apps, and that 20% of the annual contract value recorded in Q4 involved products other than tradition IT service desk licensing.
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  • Dec. 5, 2013, 9:57 AM
    • Sprint (S +2.9%) has been upgraded to Buy by Nomura.
    • Open Text (OTEX +1.2%) has been upgraded to Neutral by Susquehanna.
    • Lumos Networks (LMOS +3%) has been started at Buy by Canaccord.
    • Mavenir Systems (MVNR +6%) has been started at Buy by Deutsche after posting its Q3 results.
    • Arris (ARRS +5.7%) has been started at Buy by Brean.
    • Tangoe (TNGO +3.6%) has been started at Buy by Roth.
    • Cabot Microelectronics (CCMP +1.9%) has been started at Buy by Needham.
  • Nov. 6, 2013, 9:15 AM
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  • Nov. 5, 2013, 5:44 PM
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  • Nov. 5, 2013, 5:08 PM
    • Shares of Tangoe (TNGOcollapse 15.6% AH after the company missed slightly in Q3 and issued lower-than-expected Q4 guidance.
    • Management guides for Q4 revenue of $49.9M-$50.4M (vs. analyst consensus of $51.7M) and EPS of $0.18 ($0.20).
    • 2014 revenue is seen at $220M-$224M ($226.4M), EBITDA at $37M-$39M.
    • PR, Conference call at 5pm ET
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  • Nov. 5, 2013, 4:55 PM
    • Tangoe (TNGO): Q3 EPS of $0.16 misses by $0.01.
    • Revenue of $47.6M (+19% Y/Y) misses by $0.49M. Shares -15.6% AH. (PR)
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  • Oct. 30, 2013, 3:30 PM
    • Shares of Tangoe (TNGO -5.8%) are falling after SA contributor The Forensic Factor calls the company's reporting "a farce," with EPS figures overstated by as much as 38% and a dubious restructuring charge inflating results.
    • The author also takes aim at the disconnect between the company's PRs and revenue generation, noting that annualized incremental revenue per customer has "declined percipitously in 2013" from $410K in 2012 to $109K in 1H 2013.
    • Another allegation: organic revenue figures are materially misstated with irregularities clouding Tangoe's acquisitions reporting.
    • The Forensic Factor continues that Tangoe's cash position is eroding (even as the company posts positive FCFs) with the imminent necessity of a follow-on.
    • What is Tangoe's intrinsic valuation? $3.92/share, the author concludes. Tangoe shares opened at $20.35.
    | 1 Comment
  • May. 9, 2013, 4:21 PM
    Tangoe (TNGO): Q1 EPS of $0.15 beats by $0.02. Revenue of $44.9M (+31% Y/Y) beats by $0.73M. Shares -7% AH. (PR)
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  • Feb. 13, 2013, 4:25 PM
    Tangoe (TNGO): Q4 EPS of $0.17 beats by $0.01. Revenue of $44M (+51% Y/Y) beats by $1.54M. Shares +1.1% AH. (PR)
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  • Sep. 7, 2012, 2:22 PM
    Tangoe (TNGO -12.3%) crumbles for the second day in a row (previous) due to a critical report from Copperfield Research that questioned the company's growth rate and management's ethics. Shares are now down 30% since Aug. 28, when The Street Sweeper, which just closed its short position, issued a harsh report of its own.
    | 1 Comment
  • Sep. 6, 2012, 11:46 AM
    It's happening again. A week after Tangoe (TNGO -18%) was hammered by a very critical report from The Street Sweeper, shares are diving due to an equally bearish report from Copperfield Research. Copperfield argues Tangoe's organic growth is much lower than is often assumed; notes deferred revenue growth is soft; and questions the backgrounds of Tangoe's management and VC investor Edison Ventures.
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  • Aug. 28, 2012, 2:30 PM
    Tangoe (TNGO -6.2%) has dived in afternoon trading thanks to a bearish report from The Street Sweeper. The site questions an "acquisition-driven growth strategy" that has helped the company meet estimates; notes Tangoe's CEO and CFO were targeted in a class-action suit related to accounting issues at a former employer; and criticizes the company's internal controls.
  • Aug. 8, 2012, 5:37 PM
    Tangoe (TNGO): Q2 EPS of $0.10 beats by $0.01. Revenue of $36.3M (+39% Y/Y) beats by $1M. Shares +1% AH. (PR)
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Company Description
Tangoe Inc is engaged in providing connection lifecycle management software & related services to enterprises & service providers. Its matrix is an on-demand suite of software & services designed to turn on, manage, secure, & support various connections.