Targeted Strategies for Today's Evolving Markets

MissionIR Blog

ClickSoftware Technologies Ltd. (CKSW): Software to Monitor the Mobile Workforce of the 21st Century

ClickSoftware Technologies (CKSW) is a provider of workforce and service management software products and solutions that allow companies to monitor employee schedules and whereabouts, among other applications. The company’s ClickSchedule product enables companies to optimize service scheduling and routing by balancing customer, service and asset resources, and organizational preferences, while its ClickPlan suite of products offers workforce planning solutions for staffing and deployment of off-site workers.

ClickSoftware has developed and marketed its products with some of the largest players in the software industry, including International Business Machines Corp., Accenture Ltd., Microsoft Corp. and SAP AG. Customers include retail giant Best Buy Inc., Xerox Corp. and the European telecommunications conglomerate, Vodafone Plc. Of note to potential investors is the fact that industry analysts expect growth for products made by companies like ClickSoftware to grow by 18 percent through 2009. ClickSoftware is based in Israel and its US operations are headquartered in Massachusetts. The firm has been publicly traded since 2000.

In addition to the aforementioned customers, ClickSoftware has customers in the utilities and energy, telecommunications, retail, insurance, high-technology, computer and office equipment, industrial equipment, medical equipment, building automation, aerospace and defense, and home services sectors.

Four Wall Street analysts follow the firm, with the most recent rating issued being a “hold” by Roth Capital Partners in May 2008. The company said sales for its second quarter that ended June 30, 2008 rose to $11 million from $10.5 million a year earlier. However, net income slid to $100,000 from $1 million, representing a break-even quarter on a per-share basis compared with per share earnings of 3 cents in the year earlier period.

Shares of ClickSoftware closed at $2.10 on Friday and have traded between $1.80 and $7.09 over the past 52 weeks. The company has a market value of $59.9 million. Insiders hold 28 percent of ClickSoftware shares while 18 institutions hold another 22 percent.

Let us hear your thoughts below:

This entry was posted in Small Cap News. Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *