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RNOW

RightNow Technologies, Inc.

5/18/2013, 10:48 PM ET

Quote & Headlines Market Currents StockTalk

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Thursday, January 26, 2012, 6:47 AM Shares of Medidata Solutions (MDSO) shoot up 6.4% premarket after S&P decides to slide it into its SmallCap 600 Index in place of Rightnow Technologies (RNOW). Comment! [On the Move, Tech]
Thursday, December 22, 2011, 2:06 PM Salesforce.com (CRM) emerged as the world's second-largest CRM software vendor in 2011, claims IDC, thanks to a growth rate (22.6%) roughly twice that of the overall market (11%). Oracle (ORCL), SAP, and Nice Systems (NICE) also grew faster than the overall CRM market. Oracle, which is in the process of acquiring cloud CRM firm RightNow (RNOW), remained the market's top vendor, with a 13.2% share. Comment! [Tech]
Wednesday, December 7, 2011, 3:17 PM Dell (DELL) announces it's expanding its partnership with Salesforce.com (CRM) to include the latter's Service Cloud customer support software offerings; Dell already resells Salesforce's bread-and-butter cloud sales software. The Service Cloud lineup competes with solutions from LivePerson (LPSN) and RightNow (RNOW - set to be acquired by ORCL). Comment! [Tech]
Saturday, December 3, 2011, 1:18 PM SAP announces it's acquiring cloud HR software provider SuccessFactors (SFSF) for $40/share in cash, or $3.4B. The price represents a 52% premium to SuccessFactors' Friday close. The deal comes 6 weeks after Oracle's (ORCL) deal to acquire cloud customer support software firm RightNow (RNOW), and a month after SAP said it was forming a plan to expand its cloud offerings. 12 Comments [Tech, M&A, On the Move]
Thursday, November 3, 2011, 3:03 PM With archrival Oracle (ORCL) releasing its Fusion cloud apps and acquiring cloud CRM firm RightNow (RNOW), SAP says it's forming a plan to expand its own offerings in the space. Though SAP has been gaining share against Oracle, its slow embrace of cloud software could prove a weakness: SAP's cloud business currently accounts for less than 1% of its annual revenue. 1 Comment [Tech]
Monday, October 24, 2011, 3:20 PM RightNow (RNOW +19.3%) is trading just $0.10 below Oracle's (ORCL +1.7%) $43/share buyout price, a level suggesting investors might be betting on a higher bid arriving. Analysts are generally positive on the deal, with Beagle Research arguing "it brings a lot of current thinking about customers and designing the customer experience into Oracle." Comment! [Tech, M&A, On the Move, Quick Ideas]
Monday, October 24, 2011, 11:44 AM LivePerson (LPSN) and eGain (EGAN) show the strongest upward push of a group of cloud software companies drawing some interest after Oracle (ORCL +2.2%) gobbled up RightNow Technologies (RNOW +19.3%). LPSN +8.5%. EGAN +8.6%. Comment! [M&A, On the Move]
Monday, October 24, 2011, 9:45 AM While Salesforce.com (CRM -0.3%) is off slightly following Oracle's (ORCL +0.5%) deal to acquire RightNow (RNOW +19.2%), several other cloud software names are gaining on hopes they might also be acquired - perhaps by Salesforce or SAP. N +4.3%. TLEO +6.5%. LPSN +2.8%. SFSF +4%. DMAN +1.9%. Comment! [Tech, M&A, On the Move, Quick Ideas]
Monday, October 24, 2011, 9:35 AM As Oracle (ORCL) snaps up RightNow (RNOW) for $1.5B, privately-owned Workday provides further evidence of the lofty valuations being given to cloud software firms, closing a new funding round at a reported $2B valuation. Workday, a provider of cloud ERP software, expects to post ~$320M in 2011 billings, and plans to go public by the end of next year. Comment! [Tech]
Monday, October 24, 2011, 9:00 AM Premarket gainers: ADLR +132%. HS +33%. EXEL +26%. RNOW +19%. SVM +6%. LYG +5%. RIO +5%. CAT +5%. FCX +4%. ALU +3%. BHP +3%. YHOO +3%.
Losers: SXCI -20%. NBG -16%. MTG -4%. Comment! [On the Move]
Monday, October 24, 2011, 8:26 AM Quick take on Oracle/RightNow: With this deal, Oracle is squarely targeting Salesforce.com (CRM) and NetSuite (N) in the burgeoning market for cloud-based CRM software. While Oracle is a leader in traditional CRM, cloud-based solutions, with their lower up-front costs and faster rollout times, have become a growing threat. ORCL +0.3% premarket. CRM -1%. 1 Comment [Tech, On the Move, M&A]
Monday, October 24, 2011, 8:12 AM Oracle (ORCL) will purchase RightNow Technologies (RNOW) for $43/share, about a 20% premium to the stock's Friday close. (PR) Comment! [Tech, M&A, On the Move, Breaking News]
Wednesday, October 19, 2011, 12:49 PM RightNow Technologies (RNOW -5.6%) takes a hit after Stifel Nicolaus cut the shares to hold on valuation. The firm says the stock is currently fairly valued, despite its strong near-term fundamentals. Comment! [Tech, On the Move]
Thursday, October 13, 2011, 3:08 PM Despite an earlier downgrade by Needham, RightNow Technologies (RNOW +1.7%) moves higher after Piper Jaffray issues positive comments and reiterates its overweight rating on the shares. Piper says the company's Q4 is looking good. Its channel checks indicate strong business momentum across multiple verticals, with its professional services unit posting a significant backlog of business and solid demand for its cloud-based services. Comment! [Tech, On the Move]
Thursday, October 13, 2011, 7:57 AM Needham is downgrading RightNow (RNOW) to Hold. While believing the cloud CRM software vendor could deliver a solid Q3 report, Needham is worried about RightNow's valuation, and about the potential for competition from Salesforce.com (CRM) in 2012 and beyond. Roth downgraded RightNow on valuation concerns last week. Comment! [Tech, Quick Ideas]
Friday, October 7, 2011, 9:09 AM In spite of security concerns, a Symantec (SYMC) survey finds enterprise cloud adoption is gaining momentum. 19% of respondents said they had adopted public cloud software platforms such as those from CRM and N, and 17% said they had adopted internal (private) cloud solutions. A shortage of IT personnel with cloud experience is often a major holdup. (previously) Comment! [Tech, Quick Ideas]