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.
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