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Stock Market & Financial Investment News

News Breaks
February 4, 2013
05:40 EDTCKSWClickSoftware sees FY13 adjusted EPS 24c-30c, consensus 44c
Sees FY13 revenue $120M-$125M, consensus $118M.
News For CKSW From The Last 14 Days
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May 1, 2015
10:00 EDTCKSWOn The Fly: Analyst Downgrade Summary
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06:56 EDTCKSWClickSoftware downgraded to Market Perform from Outperform at Northland
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April 30, 2015
16:55 EDTCKSWOn The Fly: Top stock stories for Thursday
Stocks on Wall Street opened lower and remained in negative territory throughout the day. The market received little help from better than expected data on jobless claims and personal income and spending reports. The market moved in a fairly narrow range for most of the day, albeit at sharply lower levels. ECONOMIC EVENTS: In the U.S., initial jobless claims slid 34K to 262K in the week ended April 25, versus expectations for 290K first time claims. Personal income was unchanged in March, versus expectations for a 0.2% increase, while consumer spending rose 0.4%, versus expectations for a 0.5% increase. The Chicago PMI rose 6.0 points to 52.3 in April, which was better than the expected 50.0 reading. COMPANY NEWS: Shares of Apple (AAPL) slid $3.49, or 2.71%, to $125.15 after The Wall Street Journal reported after the market close yesterday that the company was forced to limit production of its Apple Watch after a part involved in the watch's taptic engine supplied by AAC Technologies was shown to break down over time, forcing the company to shift to the use of a part produced by a second supplier. Apple has moved almost all of its production of the part to Nidec, but the Japanese supplier may take time to ramp up production, the report noted. MAJOR MOVERS: Among the notable gainers was Glu Mobile (GLUU), which jumped $1.36, or 25.19%, to $6.76 after the social game maker reported better than expected first quarter results, announced a game development deal with Britney Spears and said Tencent Holdings (TCEHY) had agreed to buy a stake in the company. Also higher was ClickSoftware (CKSW), which gained $2.60, or 26.48%, to $12.42 after agreeing to be acquired by private funds managed by Francisco Partners Management in an all-cash transaction valued at approximately $438M. Under the terms of the agreement, Francisco Partners will acquire all of ClickSoftware's outstanding ordinary shares for $12.65 per share in cash. Among the noteworthy losers was Yelp (YELP), which dropped $11.89, or 23.19%, to $39.39 after reporting lower than expected Q1 revenue and giving worse than expected revenue guidance, resulting in downgrades by at least four firms this morning. Also lower were shares of CTC Media (CTCM), which fell $77c, or 18.08%, to $3.49 after the company reported its first quarter results and said it will not to declare a dividend in Q2 to "preserve the financial and strategic flexibility" of the company. INDEXES: The Dow fell 195.01, or 1.08%, to 17,840.52, the Nasdaq lost 82.22, or 1.64%, to 4,941.42, and the S&P 500 declined 21.34, or 1.01%, to 2,085.51.
09:18 EDTCKSWOn The Fly: Pre-market Movers.
UP AFTER EARNINGS: Glu Mobile (GLUU), up 28.2% after reporting first quarter results and deals with Tencent and Britney Spears... Civeo (CVEO), up 3.05... TASER (TASR), up 9.6%... Virgin America (VA), up 2.7%... Noble Corp (NE), up 1.8%... Statoil (STO), up 2.8%... Alpha Natural (ANR), up 3.6%... Exxon Mobil (XOM), up 1.4%... Phillips 66 (PSX), up 1.2%... NXP Semiconductors (NXPI), up 2.4%. ALSO HIGHER: Clicksoftware (CKSW), up 27.8% after being acquired by Francisco Partners... JetBlue (JBLU), up 1.4% after being upgraded to Outperform from Neutral at Credit Suisse... WuXi PharmaTech (WX), up 16.5% after receiving going private proposal. DOWN AFTER EARNINGS: Yelp (YELP), down 17.1%... Celgene (CELG), down 2.4%... STMicroelectronics (STM), down 11.4%... Harman International (HAR), down 9%... Potash (POT), down 2.4%... Generac (GNRC), down 7%... Nokia (NOK), down 8.7%... Baidu (BIDU), down 2.6%. ALSO LOWER: Inovio Pharmaceuticals (INO), down 18.1% after 9.5M share Spot Secondary priced at $8.00... Miller Energy (MILL), down 9% after receiving 'Wells Notice'... Scorpio Tankers (STNG), down 7.5% after 15M share Spot Secondary priced at $9.30... Advaxis (ADXS), down 6% after 2.8M share Spot Secondary priced at $19.00.
09:14 EDTCKSWOn The Fly: Pre-market Movers.
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05:54 EDTCKSWClickSoftware sees Q1 revenue $26M-$27M, consensus $33.33M
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05:53 EDTCKSWClickSoftware signs definitive agreement to be acquired by Francisco Partners
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