Datawatch: Potential Turnaround In The Works

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About: Datawatch Corporation (DWCH)
by: Gary Alexander
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Gary Alexander
Software, internet, media, IPOs
Summary

Datawatch reported favorable Q3 earnings results after heavily disappointing analysts in last quarter's results. Revenues grew more than 40% this quarter, after just 7% growth in Q2.

Shares have rebounded more than 30% since the last quarter. Still, the company maintains a tiny market cap at ~$165 million.

Datawatch jumped more than 15% on the back of Q3 earnings alone.

Average deal sizes for the company enlarged in the quarter, legitimizing Datawatch as a serious data analytics play.

After heavily disappointing the Street last quarter with its earnings results, Datawatch (DWCH), a Massachusetts-based provider of data analytics and preparation software, has seen a tremendous rebound. Last quarter, the company looked like