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Stock Market & Financial Investment News

News Breaks
March 19, 2013
09:00 EDTTNGOLIeff Cabraser announces class action lawsuit against Tangoe
The law firm of Lieff Cabraser Heimann & Bernstein, LLP announces that class action litigation has been brought on behalf of all persons who purchased the securities of Tangoe between December 20, 2011 and September 5, 2012, inclusive The Complaint alleges that throughout the Class Period, Defendants conducted a scheme to inflate their share price through a series of acquisitions, and made materially false and misleading statements regarding the company's business, operational and compliance policies. Specifically, defendants made false and/or misleading statements and/or failed to disclose that: (i) the company was overstating organic growth by underreporting the percentage of revenue derived from recent acquisitions; (ii) the company was not growing customers organically as its deferred implementation fees failed to grow; and (iii) as a result of the above, the company's financial statements were materially false and misleading at all relevant times.
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May 22, 2013
09:17 EDTTNGOTangoe, SAP sign software development cooperation agreement
Tangoe (TNGO) announced that it has signed a Software Development Cooperation Agreement with SAP (SAP). Under terms of the agreement, Tangoe and SAP will work cooperatively to integrate Tangoe’s Mobile TEM software suite with the SAP Mobile Secure portfolio including SAP Afaria 7.0. Specifically, the agreement enables Tangoe and SAP to develop interoperability between the SAP Afaria mobile device management software and Tangoe’s procurement, fulfillment, invoice processing, expense allocation, asset management, plan optimization, catalog management and carrier payment capabilities.
May 10, 2013
14:27 EDTTNGOTangoe added to short term buy list at Deutsche Bank
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May 9, 2013
16:38 EDTTNGOTangoe sees FY13 EPS 67c-79c, consensus 69c
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16:34 EDTTNGOTangoe sees Q2 EPS approximately 16c, consensus 15c
Sees Q2 revenue $45.6M-$46.1M, consensus $45.83M.
16:31 EDTTNGOTangoe reports Q1 EPS 15c, consensus 14c
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