Most statistical reviews of the publicly available recommendations show they are slightly worse than a flip of the coin. Just like 25% of mutual funds under-perform the S&P 500. There are valid analyses out there, but you have to pay dearly for them. Zack and their ilk are at best trying to eke out a profit with recommendations that are not good enough for them to use themselves (else why tell everyone else?), or at worst driving the sheep one way while betting the other.
Appears to be a new holding for them. Interesting they pick up more than 7% of the company right off the bat. They must like it :)
I see from yesterday's 13G that Diker management has 7.52% of the company. I do not see any other 13Gs filed by this group. Does anyone know if they picked these up recently or have they always been in ATTU?
i think the "miss" is sketchy at best, too, when only two analysts following the stock, according to yahoo page.
CEO guided conservatively, based on "what [management] knows," at 46-48M in Rev for 2015 which equates to a yoy growth rate in rev of 30% compared to the 36M non-GAAP number. They have 19.4 M in cash and cash equiv. -- up 18% from 2013 -- so I'm not worried about their new overhead costs. The CEO also said there are some big deals in the pipeline, which I would venture to say is outside the guided amount.
Unless this stock was primed to sell-off on earnings by being "pumped" by the recent upgrades, what difference does a .03 miss make when they're growing revenues at such a rate? This is the first or second inning as I see it. I think a 15% sell-off seems a bit overdone. Further more, looking a a one minute chart over today and yesterday, there doesn't seem to be a lot of genuine selling, which leads me to believe that we may see a slight recovery. I'm not calling for the stock to go to $15 by the next report, but yesterday's non-event news coupled with the 3-4 month price/vol activity leads me to believe that there aren't a lot of investors willing to dump shares here.
Thanks for the posts about the misinformation published yesterday. As soon as I read that I immediately bought more ATTU!
Bad info - ya think? That originated with Analyst Ratings Network - analystratings -dot -net/stocks/NASDAQ/ATTU/.
In addition to the earnings miss, they have actual revenue as $10.9B vs estimate of 1.2B. Sounds good to me!
I agree completely. When you see a company like BOX coming public with a market cap currently well over $2 Billion and losing a boatload of money with major competition, you have to wonder why ATTU is trading at its current price.
Some erroneous estimates floating around cyberspace - could be contributing to the misplaced selling today.
This article claims a .49 "miss" against a .57 estimate...?
I have made ATTU a big part of my portfolio. I don't think investors should react so strongly to a miss of a few cents. The potential here is enormous and the valuation is very reasonable. The CEO's track record in building and selling software companies is proven and the stock doesn't seem to have much analyst coverage yet. If i had more liquidity I would be buying more.
Sounded like a great quarter/year to me with much more to come this year and beyond. It's very hard to predict profitability with companies on rapid growth trajectories. What is important - for now - is revenue growth. Earnings will come later but getting strategies in place, garnering exposure and growing revenues is what you want to see in this stage of the game. ATTU is in a hugely growing space and gaining that exposure and revenues. 2015 will be a great year for these guys. Take the opportunity to add when its given.
is killing this stock. They seem to have all the right products to sell into some very fast growing sectors. But they are having a difficult time with profitability as they continue to expanding their sales network. That said it makes no sense to be selling at the current level given their high potential growth going forward IMO.
What I like about their two last named hires is that both are coming from much larger companies with a background very familiar with the market ATTU is zeroed in on. That speaks a good deal IMO about in what regard these two have for the ATTU product line.
Research analysts at Roth Capital lifted their price target on shares of Attunity (NASDAQ:ATTU) from $13.50 to $15.00 in a report released on Tuesday. The firm currently has a “buy” rating on the stock. Roth Capital’s price target would suggest a potential upside of 40.32% from the company’s current price. (tickerreportDOTCOM)