Why Jive Software Shares Jumped
Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of Jive Software (NAS: JIVE) have jumped today by as much as 21% after the company reported earnings yesterday.
So what: Revenue in the third quarter rose 39% to $28.9 million, with product revenue driving that gain by increasing 48%. That all resulted in a non-GAAP net loss of $5.6 million, or $0.09 per share. That was better than the $0.11 per share loss that analysts were expecting.
Now what: Jive also announced the acquisitions of Meetings.io and Producteev, the total sum for both was just $7.6 million. Full-year guidance calls for revenue in the range of $111.1 million and $112.6 million, with a non-GAAP loss of $0.44 to $0.46 per share. That includes dilution of $0.03 to $0.04 per share related to the aforementioned acquisitions, since those deals involved issuing 460,000 shares of equity.
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The article Why Jive Software Shares Jumped originally appeared on Fool.com.Fool contributor Evan Niu, CFA, has no positions in the stocks mentioned above. The Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.