New CEO:
Tumbleweed Names Craig Brennan President and CEO; Software Industry Veteran Will Focus on Customers, Revenue Growth and Shareholder Value
Tuesday , July 05, 2005 16:03 ET
REDWOOD CITY, Calif., Jul 05, 2005 (BUSINESS WIRE) --Tumbleweed(R) Communications Corp. (Nasdaq:TMWD), a leading provider of email security, file transfer security, and identity validation software and appliances, today announced that its Board of Directors has unanimously named Craig D. Brennan as president and chief executive officer, effective immediately. Brennan has also been elected to serve as Chairman of the Board of Directors. Brennan succeeds Jeffrey C. Smith, who steps down as president, CEO and Chairman. Smith will remain on the board and serve as a special advisor to the new CEO.
"I'm very pleased that Craig Brennan has agreed to join Tumbleweed as its new CEO," said Deborah D. Rieman, a Tumbleweed Board Member. "We believe our market is entering a high-growth phase, so in our search we were looking for a leader with demonstrated success in building competitive, growth-oriented business organizations. Craig is that leader."
Brennan brings two decades of experience in the enterprise software arena to his new position. Most recently, Brennan served as president and CEO of Brio Software Inc., a $100+ million publicly traded enterprise software company. While at Brio, Brennan led a company-wide transformation. He returned the company to profitable growth, resulting in the best overall operating performance for the company. Prior to Brio, Brennan held leadership positions at Oracle Corporation, where he served as senior vice president of the Customer Relationship Management Group, and Deloitte Consulting, where he built and led the Siebel-CRM practice. Brennan earned an MBA from Northwestern University's Kellogg School of Management, and a BA from the University of Michigan.
"Tumbleweed is the gold standard in the messaging security industry, consistently delivering powerful products for trusted business communication," said Brennan. "I am excited to be joining a company so rich in technology and industry leading products, and I look forward to working with this outstanding team to accelerate Tumbleweed's growth and long-term profitability."
In January this year, Smith, who co-founded Tumbleweed and has served as CEO since 1993, announced that he would step down as the company's president and chief executive when a successor was appointed. He will continue to serve on the Board of Directors, and will act as an advisor to the incoming CEO.
Christopher H. Greendale, a Tumbleweed Board Member, said, "The Board wants to thank Jeff Smith for his commitment, leadership and innovation as Tumbleweed's CEO for the past twelve years. His early vision of email as the strategic B2B platform for conducting business transactions was dead-on, and the resulting solutions provided by Tumbleweed have helped shape how organizations do business over the Internet."
"I'm thrilled to have someone of Craig's experience and ability to lead the company to the next phase," said Smith. "Since announcing my decision to step down as CEO, I've been committed to ensuring that we find a new CEO who has just the right combination of experience, acumen and leadership. With Craig's appointment, I'm confident that Tumbleweed is in very capable hands."
In his last job @ BRIO he reorganized BRIO and this company was sold to Hyperion Software.
Insider buying:
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=3562199
Analysts:
http://www.knobias.com/individual/public/news.htm?eid=3.1.c477fab10db1e956bfeb3b5342630da27218451c20d0b8a53b81e470f40d5cfe
Kaufman price target: 6.75$
Should be a good investment after pullback
TMWD keeps appearing on all my filters and screens today ;)
Check out the 30 day chart for AVAN. I bought in at $1.25 It looks set to move.
Any Thoughts?
http://www.stock100.com/plotForecast.asp?symbol=avan&=Submit&history=200&future=30
06-Jul-05 09:44 ET In Play Tumbleweed Communications: We are aggressive buyers at this price, tgt $6.75 - Kaufman (TMWD) 2.67 +0.07 : Kaufman notes that TMWD's board unanimously named Craig D. Brennan as president, chairman, and CEO, saying he has a strong sales and marketing background and recently served as CEO of Brio Software, a $100+ mln publicly traded co where he was able to reduce operational expenditures by nearly half, and simultaneously grow rev to return the co to profitable growth, despite having to compete against much larger corporations such as SAP, Oracle (ORCL), and Cognos (COGN). Firm believes Craig Brennan was attracted to Tumbleweed because of the growth capability of the fragmented market that the co is in. Firm says they are aggressive buyers of the stock at this price, reits Buy with $6.75 tgt.
still above 200MA and 40MA, price target 8.75$
(please scroll charts to the right)
comments and feedback are appreciated
I have bought some @ 2.85
;)
I have a position. Positive news, broker pumping, support from the 200EMA. I think this has only 1 direction to go.
Mike
update chart from FRIDAY
it's a buy !!!
;)
there is only one direction for TMWD
;D
still a buy at $3.13 or you think wait for a pullback?
;D ;D ;D
my personal price target is much higher
check the charts from my former postings:
is cdss a similar play to tmwd? still under $1.00 for that one. Might get into tmwd getting behind the new ceo. guess it wil take time to get boughout probably.
tmwd will anounce earnings on jul 26
stock option update:
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=3574638
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=3574590
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=3574598
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=3574610
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=3574621
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=3574624
updated chart:
updated chart:
Earnings today, haven't decided if sell or hold, usually prefer to watch from the sidelines
Monday , July 25, 2005 13:00 ET
Tumbleweed Communications Corporation (Nasdaq NM: TMWD) is scheduled to release its Q2 financial results on July 26, 2005, after the close of the market (AMC).
CONSENSUS ESTIMATES:
Q2 Revenue: $12.06 million
Q2 EPS: $-0.01 per share
PREVIOUS PERIOD:
Prev Q2 Revenue: $10.04 million
Prev Q2 EPS: $-0.03 per share
TMWD: Q2 Non-GAAP Results BEAT By Penny
Tuesday , July 26, 2005 16:35 ET
Tumbleweed(R) Communications Corp. (Nasdaq: TMWD), a provider of email security, file transfer security, and identity validation software and appliances, reported Q2 2005 revenue of $12.5 million [ABOVE $12M Est.], up 25% from $10.0 million in Q2 2004; and Q2 2005 non-GAAP EPS of nil [ABOVE (1c) loss Est.] versus a non-GAAP loss of (3c) per share for last Q2. Cash balances grew by $497,000 in the quarter to $22.3 million at June 30, 2005. For Q3, Tumbleweed currently estimates revenue will range from $12.5 million to $13.5 million (INLINE) and non-GAAP EPS to range from break-even to a profit of 1c per share (INLINE).
:D
Tumbleweed Announces Record Revenue for Second Quarter of 2005
Tuesday July 26, 4:05 pm ET
Revenue Increase of 25%; Operations Continue to Generate Positive Cash Flow
REDWOOD CITY, Calif., July 26 /PRNewswire-FirstCall/ -- Tumbleweed® Communications Corp. (Nasdaq: TMWD - News), a leading provider of email security, file transfer security, and identity validation software and appliances, today reported results for the second quarter ended June 30, 2005. Tumbleweed reported Q2-05 revenue of $12.5 million, up 25% from $10.0 million in Q2-04; a net loss of $791,000, compared to a net loss of $3.3 million in Q2-04; and non-GAAP income, which excludes certain items described below, of $37,000, compared to a non-GAAP loss of $1.6 million in Q2-04. Net loss per share was $(0.02). Non-GAAP income per share was $0.00. Cash balances grew by $497,000 in the quarter to $22.3 million at June 30, 2005.
"I am very pleased to announce record revenue," said Craig Brennan, Chief Executive Officer of Tumbleweed. "Clearly, our initiatives and investments to strengthen our product offerings and channels are the right strategies to meet customer needs and grow our business. New orders increased more than 40% year over year, providing for top-line growth of $2.5 million as well as an increase in deferred revenue. I look forward to building on this success in the second half of 2005."
"We continue to generate positive cash flow from operations," said Tim Conley, Chief Financial Officer of Tumbleweed. "As important, we demonstrated operating leverage with more than 65% of the year over year revenue increase directly contributing to an improvement in non-GAAP results."
Quarterly Highlights
Due to several recent, highly visible security breaches involving the loss of private consumer data, businesses and government agencies are increasingly aware of the need for secure, reliable communication methods. Tumbleweed leads the communication security market, with the industry's most comprehensive product portfolio for secure email and file exchanges. During the quarter Tumbleweed announced new features for both its MailGate email security suite and its SecureTransport managed file transfer solution, further enabling organizations to secure and protect confidential data as it moves across the Internet.
Tumbleweed's customer base grew this quarter, with more than 100 new customers purchasing products during the period. Tumbleweed entered into more than 500 customer contracts, including 150 with repeat customers, exclusive of maintenance renewals. Tumbleweed now has more than 1,200 enterprise and government customers.
Tumbleweed broadened its distribution and market reach by adding new channel partners and doubled the level of business received from resellers quarter over quarter.
Third Quarter Financial Outlook
* Tumbleweed currently estimates that revenue for the third quarter of
2005 will range from $12.5 million to $13.5 million.
* GAAP net loss is currently expected to range from $1.0 million to
$400,000, or $(0.02) to $(0.01) per share.
* Non-GAAP results are currently expected to range from break-even to a
profit of $500,000, or $(0.00) to $0.01 per share. Per share amounts
are based on approximately 48.3 million shares. Non-GAAP loss
excludes amortization of intangible assets, stock-based compensation
expense and merger-related and other expenses estimated to be
approximately $1.0 million.
strong buy IMO
Wednesday, July 27, 2005 09:29 ET
Issuer: Tumbleweed Communications Corporation (NasdaqNM: TMWD)
Analyst Firm: C.E. Unterberg Towbin Co.
Ratings Action: UPGRADE
Current Rating: Buy (from Mkt Perform)
http://www.knobias.com/individual/public/news.htm?eid=3.1.ec282f73d4d3ee8765d03592837f0f82da15f4a4db2acc86f44020349d6d405f
Analyst Comments: The firm is upgrading TMWD given the early achievement of break-even status.
earning results and upgrade have pushed TMWD higher
updated chart:
La-onda,
I started reading your thread a couple of days too late, and have been wanting TMWD for 2.84 - 2.95 on a breakout re-test, but I haven't been able to get in. You've done a very nice job on this one. Applause.
breakout alarm !!
Another upgrade today from Roth Capital to buy $3.93 in pre market.
I don't hold a position currently, sold before earnings as I prefer to keep my cash on the sidelines for the earns gamble. Well done La--onda for holding on, looks like you are being rewarded ;)
aussietrader,
will you use the little pullback for reentering?
;)
any more details from todays upgrade from Roth Capital?
regards
O.
I only have a headlne on that Roth upgrade no detail on my newsreader. Right now I am not considering to re-enter, not because I don't like the chart or TMWD, just looking for other vehicles for my money. Keeping it on my watch list though.
still long & Strong ;)
phising link:
http://www.knobias.com/individual/public/news.htm?eid=3.1.2a61cc2320831a4dbcea05e06ebe84769099145b511ab4dd4f1f2c7de52cb7c7
updated TMWD chart:
TMWD news:
Tumbleweed Licenses Commtouch's Virus Protection Technology
Friday , August 05, 2005 02:55 ET
Aug 05, 2005 (CORPORATE CONFERENCE CALL ABSTRACTS via COMTEX) --Tumbleweed Communications Corp. today said it has licensed Commtouch's RPD anti-spam and virus protection technology.
Tumbleweed said it has integrated RPD (recurrent pattern detection) features into Tumbleweed MailGate Email Firewall and MailGate AntiSpam. The addition of the technology further extends MailGate performance by adding real-time detection capabilities, blocking spam outbreaks within minutes of their release into the Internet, the company said.
Tumbleweed also said it has licensed elements of CommTouch's patent.
"Recurrent Pattern Detection adds outbreak detection as an additional layer of defense against spam, phishing, spyware, virus and worm attacks sent out in email blasts. It is a strong complement to our comprehensive email security offering," said John Thielens, CTO of Tumbleweed Communications.
"Outbreak Detection, combined with Tumbleweed's other threat protection technology, ensures complete protection from increasingly nefarious email attacks," Thielens said.
chart update will come later, still holding !!!
still holding, please read quarterly report:
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=3618863
chart:
looks good for reentry, isn´t it?
TMWD: New 52-Wk High @ $4.250 up 4.94%
Friday , September 30, 2005 14:55 ET
This is the 1st 52 WEEK HIGH alert for TMWD in the past 7 calendar days.
The share price for Tumbleweed Communications Corporation (NASDAQ NM: TMWD) reached a new 52-week high today, trading at $4.250, up $0.200 (4.94%) from its previous close of $4.050.
The Company's previous 52-week high of $4.240 was set 336 days ago on October 29, 2004.
One year ago, the Company's shares closed at $2.530. The price has climbed more than 67 percent since then.
At the time of this alert, the stock had traded 284,000 shares via 249 trades, 1.78% below it's 20day average of 289,145 shares.
This new 52-week high currently puts the stock:
13.09% above its 20day Moving Average of $3.758
18.66% above its 50day Moving Average of $3.582
39.03% above its 100day Moving Average of $3.057
The Company last released news on September 30, 2005 (today):
"Tumbleweed Licenses Email Firewall Patents to Vircom"
TUMBLEWEED COMMUNICATIONS CORPORATION
Engaged in providing secure Internet communication solutions for enterprises and government customers of all sizes. Organizations can block security threats, protect information, safely conduct business online, and reduce their cost of doing business.
Good find La-onda, applaud
looks like we got the CUP with HANDLE here.
additional information:
:)
Tuesday, September 20, 2005
Watching the tumbleweed roll
One stock at the top of my watch list is Tumbleweed Communications (TMWD). Tumbleweed provides enterprise software that secures email and other communications. I first looked at Tumbleweed several years ago after a nice run shorting its competitor Zixit (ZIXI). I never took a position, but now TMWD is getting interesting on the long side.
Tumbleweed has now put together two cash flow positive quarters in a row, and after four years of reporting GAAP losses, seems to be on a trajectory towards GAAP profitability. TMWD just upgraded its corporate suite, bringing in Craig Brennan as president and CEO. Brennan previously was CEO of Brio, Inc., a business intelligence software company that was acquired by Hyperion. It provides security software to many top banks, healthcare institutions and, as of last month, the U.S. Marine Corps. In a recent interview, Brennan explained Tumbleweed's position within the industry:
When I look at the landscape, there are 50+ competitors in this space, 30 of whom are under $25M. This tells me that the industry is still fairly immature and fragmented. The space is growing rapidly, and I expect we'll see the same consolidation we've seen in ERP, CRM and BI: fewer players with more comprehensive, complete solutions. The focus will inevitably move from point products to solution suites, and right now there are no clear dominant leaders. Tumbleweed has an advantage right there -- the company's products were developed to interoperate and provide complete functionality for our customers. We've had a complete, single-vendor approach for some time, have been battle-tested in some of the most demanding companies in the world, and we're well-positioned to lead the market as consolidation occurs.
TMWD trades at an enterprise value to revenue ratio of 3.55. That is a lot more than I usually like to see in a stock, but my research shows that is not atypical for software stocks. Zixit trades at 5.72x sales, Symantec at 8.35x sales, Microsoft at 6.05x sales, and Oracle at 5.64x sales. I don't mean to suggest that TMWD is in the same league as the latter three; just that its valuation is by no means rich for a software stock.
Two concerns. First, there is a bit of insider selling, but nothing too extreme. Second, the stock is somewhat extended technically and is nearing resistance from the last runup in late October 2004.
DISCLOSURE: No position. Not a recommendation to buy or sell any security -- for educational/informational use only.
http://themicrocapspeculator.blogspot.com/2005/09/watching-tumbleweed-roll.html
good day for TMWD, another high, & also volume is increasing ;)
Well, the cup with handle... it's confirmed false breakout... how about bottom fishing in TMWD looks like its time again ;)
Yesterday's closing chart,
Could be a bottom........
TMWD: Henley & Co Starts @ Speculative Buy; Sets Tgt @ $8; Analyst Notes
Tuesday , August 28, 2007 08:44ET
Issuer: Tumbleweed Communications Corporation (NasdaqNM: TMWD)
Analyst Firm: Henley & Company, LLC
Ratings Action: INITIATE
Current Rating: Speculative Buy
Target Price Action: INITIATE
Target Price: $8.00
Analyst Comments: The firm believes TMWD is terribly undervalued at the current time, and a Sum of the Parts of $8.00 is a better reflection of its valuation. With the core business of TMWD's business growing 38% YoY, email security, with solid customer additions (bringing the total customer base to more than 2,700 enterprises and governments) they would currently be aggressive buyers of the stock. Even without counting $280 million plus of NOLs, the firm believes the stock in 12 months is worth their sum of the parts estimate of $8. They feel very confident that the investments Tumbleweed is making in its business in 2007 should turn into substantial 20%+ revenue growth in 2008 and 5% operating margins in 2008 with approximately $75 million in revenues.
attached report and chart:
>:D