CKSW

[wiseman213]

CKSW reported strong 2Q 2005 earnings results last week. The company also reiterated its strong/aggressive guidance for the second half of 2005.   


2Q 2005 financial results summary:

** Revenues of $6.1 million vs. $5.4 million in 1Q 2004 (25% revenue growth). Analysts expected $6 million in revenues.   

** Net loss of 1c/share. Analysts expected a 2 - 3c/share loss.   

** Maintains its prior guidance of $27.3 million to $29.6 million in revenues for the full year (25 to 30% growth).   


Other 2Q highlights:   

* The first two (2) transactions have been signed per the IBM/ClickSoftware Teaming agreement on Field Force Automation, Workforce Management and Asset Monitoring announced in July of 2004.   

* Cash increased to $15.2 million from $13.5 million.   


CC Highlights:

* CEO BenBassat was very confident about meeting the full year guidance of $27.2 M to $29.5 M. With $12.1 M revenues in the first half, CKSW needs to attain a second half revenue range between $15.1 to $17.4. The CEO said that the company will recognize $7.7 M from large projects that have already been won but that very little revenue has been recognized so far. In addition to that, $2.5 M will be recognized as a result of the 2 IBM/CKSW projects won late in 2Q. That leaves $4.9 M to $5.4 M of new business to be generated in Q3 and Q4. Mr. BenBassat commented that they have been doing better than that in Q1 and Q2 (I read that CKSW might be able to beat the upper end of the guidance range).

* CEO BenBassat, usually ultraconservative, said that with the higher revenues expected in 3Q and 4Q, both quarters will be profitable even though the company will continue to invest in resources to accomodate the growth expected in 2006 and beyond.

* There are several large contracts, including some "mega-deals," that are expected to close in the second half of 2005.

* The sales pipeline is stronger than ever. The US market is starting to show improvements as a result of an aggressive restructuring of the Americas sales/marketing leadership this last quarter.

* The company continues investing heavily in R&D to develop new products and to maintain its leadership in the sector.


Here is the earnings announcement (link): 

http://biz.yahoo.com/prnews/050727/ukw011.html?.v=19


CKSW Investment Highlights - Summary:   

* Strong guidance for the remainder of 2005.   
* IBM contributions in terms of projects signed are gaining momentum.
* Strong balance sheet with $15.2 million cash.   
* No long-term debt.   
* Leader in its niche market.   
* Company is Investing heavily on new products.   
* Float is only 8.5 million shares.   
* Institutional ownership has grown over 100% to a current 43% of O/S shares.   
* Insiders own 22% of the O/S shares.   
* Market cap $36 million
* Undervalued: P/S of 1.3 vs. Industry average of 3.0


About CKSW (from Yahoo) 

ClickSoftware (Nasdaq: CKSW) is the leading provider of workforce and service optimization solutions that maximize workforce productivity and customer satisfaction while minimizing operations costs. ClickSoftware's ServiceOptimization Suite provides an integrated, intelligent solution for automatic, efficient and effective decisions over the entire service decision-making chain. It includes reliable customer demand and workload forecasting, strategic and tactical capacity planning, daily service scheduling, troubleshooting and repair support, wireless workforce management and business analytics, connecting all organizational levels and functions. The company has offices in Burlington, Mass., and Israel, as well as in Europe and Asia Pacific. 


Always do your DD 

[atalltexan]

I'm always leery of investing in anything traded that lightly.

[wachubaba]

Followed this one for a while now, a bit disappointed with it unfortunately.  Over-promises by mgmt team, significant exec turnover to competitors last month, and lots of pumping on yahoo (where else...).  Competitors have been consolidating (ARDI, IINT), so could still be interesting in the mid-long term.

Would be interested in someone's tech analysis on this one and ARDI.

[wiseman213]

I believe that CKSW will start moving up from here. My target is $4 to $5 by February 2006.

[wiseman213]

I fully expect that institutional interest will increase based on the large number of questions from institutional investors during the Conference Call.

[wiseman213]

I expect that CKSW will start to move up this week. The sector is getting hot again with ITWOE strong results, MDSI being acquired for $8/share, etc.

[wiseman213]

CKSW reported strong 2Q 2005 earnings results last week. The company also reiterated its strong/aggressive guidance for the second half of 2005.   


2Q 2005 financial results summary:

** Revenues of $6.1 million vs. $5.4 million in 1Q 2004 (25% revenue growth). Analysts expected $6 million in revenues.   

** Net loss of 1c/share. Analysts expected a 2 - 3c/share loss.   

** Maintains its prior guidance of $27.3 million to $29.6 million in revenues for the full year (25 to 30% growth).   


Other 2Q highlights:   

* The first two (2) transactions have been signed per the IBM/ClickSoftware Teaming agreement on Field Force Automation, Workforce Management and Asset Monitoring announced in July of 2004.   

* Cash increased to $15.2 million from $13.5 million.   


CC Highlights:

* CEO BenBassat was very confident about meeting the full year guidance of $27.2 M to $29.5 M. With $12.1 M revenues in the first half, CKSW needs to attain a second half revenue range between $15.1 to $17.4. The CEO said that the company will recognize $7.7 M from large projects that have already been won but that very little revenue has been recognized so far. In addition to that, $2.5 M will be recognized as a result of the 2 IBM/CKSW projects won late in 2Q. That leaves $4.9 M to $5.4 M of new business to be generated in Q3 and Q4. Mr. BenBassat commented that they have been doing better than that in Q1 and Q2 (I read that CKSW might be able to beat the upper end of the guidance range).

* CEO BenBassat, usually ultraconservative, said that with the higher revenues expected in 3Q and 4Q, both quarters will be profitable even though the company will continue to invest in resources to accomodate the growth expected in 2006 and beyond.

* There are several large contracts, including some "mega-deals," that are expected to close in the second half of 2005.

* The sales pipeline is stronger than ever. The US market is starting to show improvements as a result of an aggressive restructuring of the Americas sales/marketing leadership this last quarter.

* The company continues investing heavily in R&D to develop new products and to maintain its leadership in the sector.


Here is the earnings announcement (link): 

http://biz.yahoo.com/prnews/050727/ukw011.html?.v=19


CKSW Investment Highlights - Summary:   

* Strong guidance for the remainder of 2005.   
* IBM contributions in terms of projects signed are gaining momentum.
* Strong balance sheet with $15.2 million cash.   
* No long-term debt.   
* Leader in its niche market.   
* Company is Investing heavily on new products.   
* Float is only 8.5 million shares.   
* Institutional ownership has grown over 100% to a current 43% of O/S shares.   
* Insiders own 22% of the O/S shares.   
* Market cap $36 million
* Undervalued: P/S of 1.3 vs. Industry average of 3.0


About CKSW (from Yahoo) 

ClickSoftware (Nasdaq: CKSW) is the leading provider of workforce and service optimization solutions that maximize workforce productivity and customer satisfaction while minimizing operations costs. ClickSoftware's ServiceOptimization Suite provides an integrated, intelligent solution for automatic, efficient and effective decisions over the entire service decision-making chain. It includes reliable customer demand and workload forecasting, strategic and tactical capacity planning, daily service scheduling, troubleshooting and repair support, wireless workforce management and business analytics, connecting all organizational levels and functions. The company has offices in Burlington, Mass., and Israel, as well as in Europe and Asia Pacific. 


Always do your DD 

[la-onda]

I would appreciate some feedback; still very low volume IMO  :

CKSW:
http://finance.yahoo.com/q/pr?s=cksw

last earnings:
CKSW: Q3 Results (1c) vs 1c; Meets (1c) Est; Lowers Guidance
Wednesday, November 02, 2005 09:15 ET
QUARTER RESULTS
ClickSoftware Technologies Ltd. (CKSW) reported Q3 results ended September 2005. Q3 Revenues were $6.11M; +11.90% vs yr-ago; MISSING revenue consensus by -10.15%. Q3 EPS was (1c); -200.00% vs yr-ago; MATCHING earnings consensus.

Q3 RESULTS      Reported      Year-Ago     Y/Y Chg      Estimate    SURPRISE
----------  ------------  ------------  ----------  ------------  ----------
Revenues:         $6.11M        $5.46M     +11.90%        $6.80M     -10.15%
----------  ------------  ------------  ----------  ------------  ----------
EPS:                (1c)            1c    -200.00%          (1c)       0.00%
----------  ------------  ------------  ----------  ------------  ----------

QUARTERLY GUIDANCE:
Company issues Next-Q Revenue guidance BELOW consensus estimate, expecting: "Revenues ranging between $6.7 to $7.2 million"
Company provided NO EPS guidance for next quarter.
ANNUAL GUIDANCE:
Company provided NO Revenue guidance for coming year.
Company provided NO EPS guidance for coming year.

News in December:
1)
BT Radianz Implements ClickSoftware's ClickSchedule Solution to Enhance its Ability to Schedule Changes to its Core Network
Thursday December 8, 8:31 am ET
BURLINGTON, Massachusetts, December 8 /PRNewswire-FirstCall/ -- ClickSoftware Technologies Ltd (NasdaqSC: CKSW), the leading provider of workforce and service optimization solutions, today announced that BT Radianz, a leading provider of secure, reliable, and scalable connectivity to the global financial community, has implemented ClickSoftware's ClickSchedule solution to enhance BT Radianz's ability to schedule changes on its core networks. BT Radianz, which provides secure Internet Protocol (IP) connectivity to more than 10,000 financial institution sites around the world and has operational staff worldwide required to manage core network changes.
"Our financial customers require 100% network availability, so scheduling of core network changes at BT Radianz is subject to a complex risk and impact analysis, as well as a tightly controlled authorization process." said Mark Akass, VP Engineering at BT Radianz. "We needed a solution that could meet the particular needs of our business model, and ClickSchedule provides the flexibility that we require."
With the implementation of ClickSchedule, BT Radianz is already beginning to benefit from the improved visibility that the system provides. "The system is already giving us a better understanding of where jobs are positioned in the schedule and how they are related, which helps us provide the level of customer service that our client base expects," Akass said.
"Our work with BT Radianz demonstrates the importance of insight into the scheduling processes within an organization," said Dr. Moshe BenBassat, founder and CEO of ClickSoftware. "We are extremely pleased that BT Radianz has successfully implemented ClickSchedule and that it recognizes that interconnectedness of the process can have an impact on scheduling. This premise holds true of organizations the size of BT Radianz down to the smallest organizations. Visibility into the workload and how it is scheduled is key to optimizing and bringing efficiency to the service operation."
2)
Large Global Provider of Communications Systems and Services Selects ClickSoftware Solution for Optimized Field Service Management
Thursday December 15, 8:31 am ET
ClickSoftware to Provide Optimization for Well Over a Thousand Field Service Resources Worldwide
BURLINGTON, Massachusetts, December 15 /PRNewswire-FirstCall/ -- ClickSoftware Technologies, Ltd. (NasdaqSC: CKSW), the leading provider of workforce and service optimization solutions, today announced a new license and service agreement with a large, global telecommunications company selling equipment and services to mobile and fixed-line communications and network operators worldwide.
The company has purchased several products from ClickSoftware's ServiceOptimization Suite, including tools for optimized scheduling, analytics and mobility. This first order will cover well over a thousand field service engineers in certain territories with the possibility of expanding worldwide in the future.
3)
Major European Utility Selects ClickSoftware for Optimized Field Service Management
Monday December 19, 10:03 am ET
ClickSoftware to Optimally Schedule More Than 1,000 Field Service Engineers
BURLINGTON, Massachusetts, December 19 /PRNewswire-FirstCall/ -- ClickSoftware Technologies, Ltd. (NasdaqSC: CKSW), the leading provider of workforce and service optimization solutions, today announced a new deal to supply products and related services to a major European utility company. The company has purchased several products from ClickSoftware's ServiceOptimization Suite, including tools for optimized scheduling and analytics. This significant deal was won and will be implemented through IBM, a key partner of ClickSoftware in the energy and utilities market worldwide. The solution will be integrated with the customer's existing SAP backend system.
This contract signifies another major win in the utility sector, and it joins a sequence of major ClickSoftware wins announced in the past sixty days, revenues from which are expected to be recognized across several quarters.
"This contract is the fifth major contract that we have signed in the past ninety days. This contract further strengthens our leadership position in the industry and confirms the clear traction in the marketplace," said Dr. Moshe BenBassat, Chairman and CEO of ClickSoftware. "Our record of successfully implementing workforce optimization solutions within organizations of all sizes, from tens to several thousands of technicians, is second-to-none. This experience, combined with our SAP integration expertise and powerful relationships with the leading system integrators, is proving decisive in winning contracts. Revenues from these contracts will be spread over several quarters and provide comfort for good growth in 2006."

cheers
Oliver

[terabemo]

CKSW is starting to move up ahead of earnings. CKSW will report 1Q 2006 earnings on Monday, May 1, 2006 before the market opens.

http://stockcharts.com/gallery/?CKSW

ClickSoftware (Nasdaq: CKSW) is the leading provider of field service optimization solutions aimed at improving the efficiency and effectiveness of field service operations. CKSW is clearly the leader in this area in the utilities and energy areas.

CKSW has about $14M in cash, or about 50c/share, and ZERO long term debt. Its float of about 13M shares is tighly held because it is just a matter of time until CKSW makes the progress that is expected of it.

On February 08, 2006 CKSW announced that it expects revenues for full year 2006 should grow by approximately 15% over 2005.

CKSW is trading at about 50% valuation compared to sector competitors with less potential and balance sheet problems. CKSW is definitely undervalued IMO.

Institutions have been quietly loading up on CKSW shares lately as you can see in the following link:

http://moneycentral.msn.com/investor...sp?Symbol=CKSW

There have been a number of good size deals and developments in recent months that may point to a successful 2006:

On April 27, CKSW and one of its largest and more recent costumers, Anglian Waters, will present the results of the successful implementation of this multi-million dollar contract:

http://uaelp.pennnet.com/webcast/dis...ast.cfm?id=179


March 29, 2006 ClickSoftware announced that it has introduced its ClickSoftware for Water Utilities solution, a packaged offering mobile workforce management to the water utilities industry. The new offering is the first in a series of vertically focused solutions. Large Global Energy Service Provider Selects ClickSoftware for Optimized Scheduling

March 22, 2006 ClickSoftware announced a new licensing and service agreement with one of the energy service providers. The agreement sets up a framework through which affiliates of the energy provider can purchase ClickSoftware's solutions at agreed upon terms and conditions. These solutions will be integrated with several SAP backend systems. The energy service provider has operations in many countries worldwide. ClickSoftware Announces Availability Of Location-Based Services

February 09, 2006 ClickSoftware announced the general availability of location-based services (LBS), the latest addition to version 7.5 of ClickSoftware's ServiceOptimization Suite.

January 31, 2006 ClickSoftware announced the general availability of ClickRoster, an optimized shift planning application and the newest addition to the Company's ServiceOptimization Suite. Utility in Hong Kong Selects ClickSoftware for Workforce Management

January 26, 2006 ClickSoftware announced that a utility in Hong Kong has selected ClickSoftware for an initial workforce management project in one of its divisions.


PLEASE DO YOUR DD BEFORE YOU INVEST.

[terabemo]

CKSW is inching up daily. Chart looks prime for a good response to what I expect will be one of the best quarters in recent memory for CKSW.

[la-onda]

ClickSoftware Reports Record Revenues for the Second Quarter Ended June 30, 2006
Wednesday July 26, 4:35 am ET
Increases Guidance for Annual Revenue Growth

BURLINGTON, Massachusetts, July 26 /PRNewswire-FirstCall/ -- ClickSoftware Technologies, Ltd., (NasdaqCM: CKSW), the leading provider of workforce and service optimization solutions, today announced results for the second quarter ended June 30, 2006.

For the second quarter ended June 30, 2006, total revenues reached a record $8.0 million, with a net income of $443,000, or $0.02 per share. This compares with revenues of $6.1 million and a net loss of $307,000, or $0.01 per share, for the same period last year, and revenues of $6.5 million and a net loss of $161,000, or $0.01 per share, for the first quarter of 2006. Excluding the effects of share-based compensation expenses related to the adoption of SFAS-123R, net income was $557,000, or $0.02 per share.

Software license revenues for the second quarter of 2006 were $3.3 million, while service and maintenance revenues were $4.7 million. This compares to software license revenues of $2.1 million and service and maintenance revenues of $4.0 million for the same period last year, and $2.2 million and $4.3 million, respectively, in the first quarter of 2006.

Gross profit in the second quarter of 2006 was $5.0 million, or 62% of revenues, compared to $3.6 million, or 60% of revenues, in the same period last year, and $3.9 million, or 60% of revenues, in the first quarter of 2006.

As of June 30, 2006, the Company had cash, cash equivalents and short and long-term investments of $14.8 million, up by $0.8 million from $14.0 million as of March 31, 2006. Net cash provided from operating activities was $0.8 million during the second quarter of 2006.

"We are pleased to see the strong bookings of recent quarters finally reflected in significantly increased revenues, as well as improvement in gross profit and net profit," said Dr. Moshe BenBassat, Chairman and Chief Executive Officer. "Additionally, continued strong bookings increased the total backlog, which gives us comfortable visibility into the second half of the year." he added.

Outlook

The company is increasing its prior estimate of 15% annual revenue growth to approximately 25% growth over 2005. This is based on expected increasing levels of deferred revenues, current backlog of firm commitments and good visibility into the sales pipeline.

[Terliso]

Charts & technicals look nice 
but volume still low.....

[Terliso]

Moving Averages 50sma, 200sma & 200ema area below the price (daily & weekly scale

[Terliso]

The volume starts to pick up almost 4 times the average volume
3 magic lines are kicking again

[Terliso]

Closed @ HOD