ATEA $2.55 Up 5% to Double Tomorrow - Will report 2Q 2014 results AH Today. Forecast 20 - 30% rev. growth & profits. Huge volume tomorrow
See Instablog about ATEA on SeekingAlpha.
1) Announced a very large on-premise contract this quarter - This usually means several million dollars up front.
2) Signed a large cloud contract and many smaller cloud Field Service software licenses during the quarter
3) New bank loan covenants require minimum profitability for the remaining 3 quarters of 2014 starting with 2Q 2014 to be announced AH today
4) Major acquisition candidate because of heavy sector consolidation. Purchase price could range from $8 to $20/share to match the last 4 companies acquired in the sector (ViriaNet - VRYAF being the latest in June 2014) .
Do your DD before you see yourself chasing this super 1.4 million share low floater trading at 20% of sector averages.