Written by: Zack Miller | January 31, 2008
ClickSoftware (Nasdaq: CKSW) announced disappointing quarterly earnings yesterday. The company’s EPS and revenues were below what we and the rest of the Street were expecting. We think expectations got a
little bit ahead of themselves. While we’re disappointed, the company is continuing to perform and still expects 20-25% revenue growth in 2008. The backlog was strong, over $25 million at the end of 2007.
We think the miss was due to slipped closings of a couple deals that we believe the company ultimately will close in subsequent quarters. At current valuations and subtracting the cash, the company is trading almost at trailing revenues. Check out why we like the firm’s workforce management and service optimization.
We’re sticking with CKSW and would be buyers here.
Written by: Zack Miller | January 8, 2008
ClickSoftware (CKSW), was January’s Stock of the Month as part of our new subscription newsletter, Israel Opportunity Investor. You can find out more about the product and the opportunities we cover at www.israelnewsletter.com
As part of our January edition, we also published an interview with Pointer Telocation’s Chairman. The stock is up 10% in just 5 days.
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Background
ClickSoftware Technologies (Nasdaq: CKSW) provides workforce management and service optimization solutions. ClickSoftware’s Service Optimization Suite provides an integrated solution for optimized decision making used throughout organizations. Over 100 customers in telecommunications, utilities, financial services, aerospace use the company’s products. It markets its solutions via a direct and indirect sales force into North America, Europe and the Asia Pacific Region.
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Written by: Israel Investor Newsletter | November 18, 2007
Zack Miller
www.israelnewsletter.com
ClickSoftware (Nasdaq: CKSW), the Israeli provider of mobile workforce management and service optimization tools, announced on Friday that two energy companies signed deals with the firm to provide “ClickSoftware’s ServiceOptimization Suite to improve work forecasting, resource planning, and scheduling of natural gas and electric transmission and distribution field work crews”.
See IsraelNewsletter’s Aaron Katsman recent coverage of CKSW’s earnings.
Disclosure: Author’s fund has a position in any CKSW as of 11/18/2007.
