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Austin software developer Bazaarvoice files for $86 million initial public stock offering

August 30th, 2011
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Austin-based software developer Bazaarvoice Inc. has filed for an initial public stock offering, which it hopes will raise up to $86.25 million, according to documents filed today with the U.S. Securities and Exchange Commission.

Founded in 2005, Bazaarvoice sells e-commerce software that lets companies add ratings and reviews to their websites. Bazaarvoice currently has more than 580 active clients, according to the company’s securities filing. Its software powers the websites of a number of major brands, including Costco Wholesale Corp., Best Buy Co. Inc., the Home Depot Inc. and Crate & Barrel.

Bazaarvoice had $64.5 million in revenue in fiscal year 2011, according to the company’s securities filing. That follows revenue of $38.6 million in fiscal 2010 and $22.5 million in fiscal 2009, according to the securities filing. Bazaarvoice generated about 25 percent of its revenue from outside of the United States in fiscal 2011, the company said.

Bazaarvoice has grown from 70 employees in April 2007 to 626 employees as of this past April, according to the SEC filing.

“The rapid growth and increasing complexity have demanded, and will continue to demand, substantial resources and attention from our management, most of whom have limited experience in managing a business of our size and complexity. We expect to continue to hire more employees in the future as we grow our business,” the company said in its securities filing.

Three Central Texas companies made it through the IPO gate this year before the stock markets began to decline. HomeAway Inc. raised $149 million in June. In May, Freescale Semiconductor Holdings raised $783 million, and San Marcos-based Thermon Group Holdings raised $120 million.

Four other Central Texas companies — WhiteGlove Health Inc., Newgistics Inc., USA Compression Partners and Tex-Mex restaurant group Chuy — have filed for offerings but have not yet completed them.

Source:http://www.statesman.com/blogs/content/shared-gen/blogs/austin/theticker/entries/2011/08/26/austin_software_developer_baza.html

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Ultimate software group inc. stock downgraded

April 28th, 2011
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Ultimate Software Group (Nasdaq:ULTI) has been downgraded by TheStreet Ratings from buy to hold. The company’s strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income and good cash flow from operations. However, as a counter to these strengths, we find that the company’s return on equity has been disappointing.

Highlights from the ratings report include:

Compared to its closing price of one year ago, ULTI’s share price has jumped by 54.78%, exceeding the performance of the broader market during that same time frame. Looking ahead, however, we cannot assume that the stock’s past performance is going to drive future results. Quite to the contrary, its sharp appreciation over the last year is one of the factors that should prompt investors to seek better opportunities elsewhere.
The return on equity has improved slightly when compared to the same quarter one year prior. This can be construed as a modest strength in the organization. In comparison to the other companies in the Software industry and the overall market, ULTIMATE SOFTWARE GROUP INC’s return on equity is significantly below that of the industry average and is below that of the S&P 500.
ULTI’s debt-to-equity ratio is very low at 0.06 and is currently below that of the industry average, implying that there has been very successful management of debt levels. Even though the company has a strong debt-to-equity ratio, the quick ratio of 0.29 is very weak and demonstrates a lack of ability to pay short-term obligations.
The net income growth from the same quarter one year ago has significantly exceeded that of the Software industry average, but is less than that of the S&P 500. The net income increased by 28.6% when compared to the same quarter one year prior, rising from $0.26 million to $0.33 million.
The revenue growth came in higher than the industry average of 7.2%. Since the same quarter one year prior, revenues rose by 15.9%. This growth in revenue does not appear to have trickled down to the company’s bottom line, displaying stagnant earnings per share.
The Ultimate Software Group, Inc. designs, markets, implements, and supports unified human capital management (HCM) software-as-service (SaaS) solutions to businesses, providing a single source for comprehensive human resources, payroll, and talent management technology. The company has a P/E ratio of 523, below the average internet industry P/E ratio of 719.1 and above the S&P 500 P/E ratio of 16.7. Ultimate Software Group has a market cap of $1.6 billion and is part of the technology sector and internet industry. Shares are up 16.4% year to date as of the close of trading on Tuesday.

Source:http://www.thestreet.com/story/11097024/1/ultimate-software-group-inc-stock-downgraded-ulti.html

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Stock update: jda software group (jdas)

October 27th, 2010
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Share of JDA Software Group, Inc. (NASDAQ:JDAS) jumped in extended trading on Tuesday after the provider of supply chain management software reported a solid third-quarter results.

The company said its net income jumped to $8.3 million, or 20 cents a share, reversing a year ago loss of $2.3 million, or 7 cents a share.

On an adjusted basis, the company earned 47 cents a share, ahead of analysts’ estimates of 45 cents a share.

Revenue soared 65% to $158.40 million, topping analysts’ estimates of $155.8 million during the latest quarter.

Shares of JDAS jumped 10.75% to $24.53 In After Hours. The stock has fallen over 15% so far this year. It has a 52-week range of $19.57-$31.72.

JDA Software Group, Inc. is a provider of enterprise software solutions designed to enable planning, optimization and execution of merchandising and supply chain processes for manufacturers, wholesalers and distributors, and retailers, as well as government and aerospace defense contractors.

Source:http://stockmister.com/201010272045/gainers/stock-update-jda-software-group-jdas/

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Microsoft buyout buzz propels Adobe stock

October 9th, 2010
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Adobe Systems shares surged 12% after a New York Times report fuelled speculation that Microsoft may work more closely with the company or possibly acquire it.

Microsoft chief executive officer Steve Ballmer recently met with Adobe CEO Shantanu Narayen to discuss closer collaboration, the Times said. Two people familiar with the matter confirmed that the meeting took place at Adobe’s offices in San Francisco . They asked not to be identified because the meeting was private. “No comment,” Ballmer said on Friday at a conference in Madrid. He added jokingly that “if you are going to do something, you say nothing. So I will be entirely consistent with standard CEO operating procedure” .

Buying Adobe would furnish Microsoft with the company’s popular Flash software development tools, as well as mobile- phone features. Still, a deal would be hard to execute because of Adobe’s $15.1-billion market value and regulatory concerns, said Brent Thill, an analyst at UBS AG in San Francisco.

“High price and anti-trust could be hurdles,” Thill said in note to clients on Thursday. He has a “neutral” rating on Adobe’s shares and a “buy” on Microsoft. Company executives meet all the time, he said, downplaying the idea that a merger is afoot. In addition, “Microsoft has a spotty M&A track record,” he said.

Adobe rose as much as 12% to € 20.70 ($28.80) in Germany, trading at € 20.50 at 10:49 a.m. in Frankfurt. The shares rose $2.96 to $28.69 yesterday on the Nasdaq Stock Market. Earlier in the session , the shares jumped as high as $30, triggering a circuit breaker halt for five minutes. The stock has declined 22% this year.

Adobe’s software could augment Microsoft’s programming language, .Net, which is the basis for programs that run on Windows, said Katherine Egbert, an analyst at Jefferies & Co. in San Francisco. Microsoft, based in Redmond , Washington, also may need help challenging Apple Inc.’s iPhone and Google Inc.’s Android devices. Microsoft is preparing to release a new operating system for smartphones, Windows Phone 7.

“It makes a lot of sense that they would want to get together,” said Egbert , who recommends buying Microsoft shares. “You’re taking Microsoft’s millions of .Net developers and marrying them to the millions of creative developers who use Adobe’s tools.” The discussion between Ballmer and Narayen centered on Apple’s control of the mobile-phone market and how the two companies could work together to compete, the Times said. A possible acquisition of Adobe by Microsoft was among the options, according to the newspaper’s Bits blog.

“Adobe and Microsoft share millions of customers around the world and the CEOs of the two companies do meet from time to time,” said Charles Sipkins, a spokesman for San Jose, California-based Adobe. He declined to comment on the “timing or topics of their private meetings.”

Source:-http://economictimes.indiatimes.com/infotech/software/Microsoft-buyout-buzz-propels-Adobe-stock-/articleshow/6717023.cms

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Is Google the ultimate buy-and-hold stock?

August 22nd, 2010
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Over the next few quarters, look for Google (Nasdaq: GOOG) to keep up the pressure on Apple (Nasdaq: AAPL) as it enters the music download business, strengthens the Android software platform’s capabilities, and likely rolls out a few new technologies and services we have not yet heard about.

But as Google focuses on new growth areas, it needs to keep an eye on its core search business, which is the key driver behind the company’s massive sales and profits. There’s no need to sound an alarm just yet, but Yahoo! (Nasdaq: YHOO) may be stepping up its game in hopes of stealing back some market share.

According to just-released data by Comscore, Yahoo’s market share of the search category just moved back above 20% for the first time in more than a year. Some of that is coming right at the expense of Google. In February, 2010, Google controlled 65.5% of the U.S. search market. That figure has now dropped for five straight quarters down to 61.6% in July. In that time, Yahoo’s market share has risen from 16.8% to 20.1%.

What’s behind that shift? Yahoo is making great strides in an area known as contextual search. These are searches that tie content and relevant search together, and can include slideshows and contextual short-cuts. Total contextual-driven searches for Yahoo! sites grew from 520,000 in June 2010 to 690,000 in July 2010, which is a +33% sequential increase.

In terms of traditional search, Yahoo’s impressive amount of content across its network of web sites has increasingly enabled it to keep users on its site rather than leaving to do a search on Google. Techies call that “stickiness.”

The improving outlook for Yahoo search — especially as its search partnership with Microsoft (Nasdaq: MSFT) takes root by the end of the year — is one of the reasons I believe investors may be prematurely writing Yahoo off, as I’ve noted previously.

Yahoo will eventually be using Microsoft’s search technology, which both companies agree is the more robust search engine at this point. The deal helps Yahoo save on further development costs while still staying on the leading edge of search technology. Both companies believe that by joining forces, they can get the critical mass (with more than 30% market share) to steal back some of Google’s momentum. As noted earlier, that momentum has already begun to reverse in recent months.

Mobile search
In light of these market share shifts, it will be interesting to see how smart-phone and tablet-based search evolves. These devices are expected to see continued explosive growth over the next few years, and right now, Google is sitting in the catbird seat, thanks to the growing deployment of its Android software. The fact that users can utilize search while on the go through these devices means that advertisers can deliver very relevant localized results that more frequently lead the consumer to take action, such as stopping in at a local store or restaurant.

And if recent trends are any indication, Apple has reason to worry about how mobile search will play out. In July, smart phones using Google’s Android software outsold Apple’s iPhone for the first time ever, according to Nielson. That’s the result of strong support from a range of hardware makers such as HTC, Motorola (NYSE: MOT), and others. In effect, Apple isn’t competing against Google, it is competing against Google and all of its partners. The tide may be turning in favor of Google and friends.

Google has myriad paths to growth, yet its shares are off more than $100 from their 2010 highs thanks to management’s decision to maintain heavy levels of spending to capitalize on all of its opportunities. Such a move should help fuel solid growth during the next few years, and makes the shares a good buy for long-term investors.

Source:http://seekingalpha.com/article/221716-is-google-the-ultimate-buy-and-hold-stock

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German Stocks Retreat; Deutsche Bank, Allianz, Software AG Fall

August 18th, 2010
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German stocks retreated for the first time this week, as Deutsche Bank AG and Allianz SE shares led declines.

Deutsche Bank AG declined 1.4 percent, while Allianz dropped as JPMorgan Chase & Co. downgraded the stock. Munich Re slipped 0.9 percent after Chief Executive Officer Nikolaus von Bomhard told the Financial Times Deutschland he has concerns about the profitability of the life insurance business in the company’s home market. Solar Millennium AG slumped after postponing the publication of its interim report.

The benchmark DAX Index declined 0.3 percent to 6,190.03 at 11:11 a.m. in Frankfurt. The gauge has retreated 2.6 percent from this year’s high on Aug. 9 as the Federal Reserve said the pace of recovery in the U.S. economy will probably be “more modest” than forecast. The broader HDAX Index fell 0.2 percent.

Deutsche Bank, the country’s biggest bank, lost 1.4 percent to 52.32 euros.

Allianz slipped 0.8 percent to 86.14 euros as Germany’s biggest insurer was cut to “neutral” from “overweight” at JPMorgan.

Munich Re, the world’s biggest reinsurer, slipped 0.9 percent to 105.15 euros. German life insurance is “not very profitable,” Von Bomhard told the newspaper. The company’s German business model is based on long-term interest rate guarantees for clients that can’t be delivered at the moment because capital market rates are too low, the FTD said.

ThyssenKrupp Retreats

ThyssenKrupp AG fell 1 percent to 23.34 euros as copper, nickel, tin and zinc retreated on the London Metal Exchange.

Software AG lost 1.2 percent to 87.86 euros. Credit Suisse Group AG initiated coverage of Germany’s second-largest software maker with a “neutral” rating.

Solar Millennium dropped 2.3 percent to 21.75 euros as the solar company cited “greater complexity in auditing” due to an auditing company change and amendments in connection with its consolidation during previous years.

Sixt AG’s preferred shares jumped 2.6 percent to 17.39 euros. The car-rental company was raised to “buy” from “hold” at UniCredit Research, which said “the company’s strategy should result in higher margins, more than offsetting the lower sales.”

Source:http://www.businessweek.com/news/2010-08-18/german-stocks-retreat-deutsche-bank-allianz-software-ag-fall.html

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Tips for choosing stock trading software

August 18th, 2010
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Stock trading software is becoming more readily available to citizens of the world. Someone getting ready to dive into the stock market should be prepared with stock software that they can trust. These are software programs developed to create an analysis of trading stock in all the markets around the world. The stock software program essentially completes all the research and follows the market trends for you. This will allow you to consider the hard facts to make the best informed decision possible.

Using a stock trading software will help take the emotion out of the decision of trading. As a human being, it is impossible to completely remove all emotions, hopes and even dreams from a decision. This does not mean that you should not listen to you intuitive nature; however, using the stock software will help give you straight facts rather than ideas and concepts that are driven my human emotion. When choosing stock trading software to use keep your emotions at bay so you can make a positive decision to help you with those emotions later in the game of stock trading.

Trading in the stock market can be complicated because there are many factors to take into consideration. Downloading a stock trading software package could help ease many of the complications by allowing the program to work for you. Two of the factors to take into consideration are the length of time it takes and understanding the market trends.

The length of time needed to research all of the stocks around the world would be quite time consuming. In reality, by the time you are done researching, something in the world has already taken place and the research you just completed is now obsolete. The stock software can eliminate this issue and provide you with all of the up-to-date information in real-time. Search for a software program that can provide you with the most current information in the market.

Understanding market trends and researching which stock is best to buy and which is best to sell can also be very confusing. Using a stock trading software will assist in analyzing all of the data. There are stock software programs that will help find all of the hidden market trends that are not always apparent. When selecting stock trading software choose one that guarantees their market trending and that the service is using all of the current innovations to help discover trends that are hard for the human eye to see.

Trading in the stock market can be very profitable if it is done correctly and wisely. Many people begin trading with the idea that they will get rich quickly. It is important to keep in mind that it is always a risk to begin trading and to stay clear from stock software that advertises that you will get rich quickly.

Many of stock trading software will allow you to have a free trial. Take advantage of free trials because some programs are more user-friendly than others. Depending on your comfort level with the system will give you more of an “at ease” experience and you will not consider stock trading such a hassle. Finding a software program you are comfortable using is important for you to consider when determining how long you will be using the stock software.

Source:http://laurenmama45.typepad.com/blog/2010/08/tips-for-choosing-stock-trading-software.html

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