Application Software Stocks Under Scanner -- Rubicon Project, Mitek Systems, Innoviva, and Proofpoint

Aug 29, 2016, 07:45 ET from Chelmsford Park SA

NEW YORK, August 29, 2016 /PRNewswire/ --

Stocks under review on ahead of today's trading session are: The Rubicon Project Inc. (NYSE: RUBI), Mitek Systems Inc. (NASDAQ: MITK), Innoviva Inc. (NASDAQ: INVA), and Proofpoint Inc. (NASDAQ: PFPT). These Application Software companies belong in the Technology sector, which was slightly lower at the closing bell on Friday, August 26, 2016. As per NASDAQ, shares of tech companies in the S&P 500 declined about 0.2%. You can access of our complimentary research reports on these stocks now at:

The Rubicon Project  

Los Angeles, California headquartered the Rubicon Project Inc.'s stock finished last Friday's session 0.91% higher at $8.90, with a total volume of 534,221 shares traded. Shares of the Company, which engages in automating the buying and selling of advertising, are trading below their 50-day moving average by 27.67%. The stock has a Relative Strength Index (RSI) of 24.26.

On August 2nd, 2016, the company reported GAAP revenue of $70.5 million for Q2 2016, up 33% compared with GAAP revenue of $53.0 million in Q2 2015. The company noted that net loss in Q2 2016 was $2.7 million, or $(0.06) per diluted share, against net loss of $11.9 million or ($0.30) per diluted share in Q2 2015.

On August 16th, 2016, research firm First Analysis Sec downgraded the Company's stock rating from 'Overweight' to 'Equal-Weight'. Visit us today and download your complete report on RUBI for free at:

Mitek Systems  

On Friday, shares in San Diego, California headquartered Mitek Systems Inc. ended the session 0.65% higher at $7.71. The stock recorded a trading volume of 152,509 shares. The Company's shares have surged 87.59% on an YTD basis. The stock is trading 2.15% above its 50-day moving average and 23.02% above its 200-day moving average. Moreover, shares of Mitek Systems, which develops, markets, and sells mobile capture and identity verification software solutions for enterprise customers in the US, have an RSI of 53.39.

On August 10th, 2016, Mitek announced that it has been issued U.S. Patent No. 9,373,030 by the U.S. Patent and Trademark Office for advanced mobile ID document classification technology. Mitek now has 27 patents issued. The new patent protects Mitek's ID document classification technology which is the ability to accurately classify the document type. This capability is an integral component of the company's Mobile Verify™ solution, which can verify the authenticity of more than 3,500 different global ID documents. The complimentary research report on MITK can be accessed at:


South San Francisco, California headquartered Innoviva Inc.'s stock rose 1.52%, closing the session at $11.38 with a total volume of 590,109 shares traded. The Company's shares have gained 2.06% over the previous three months and 35.96% on an YTD basis. The stock is trading 2.41% below its 50-day moving average. Additionally, shares of Innoviva, which engages in the development and commercialization of bio-pharmaceuticals, have an RSI of 43.23.

On July 28th, 2016, Innoviva reported that total revenue for Q2 2016 was $32.5 million, which primarily resulted from royalties of $35.7 million from global net sales of RELVAR®/BREO® ELLIPTA® and ANORO® ELLIPTA®, compared to $10.7 million in Q2 2015. The company's net income in Q2 2016 was $14.6 million, or $0.13 per share, which includes a gain of $1.7 million associated with the repurchase of $10.0 million face value of our convertible subordinated notes due 2023. This compares with a net loss of $7.8 million, or ($0.07) per share, in Q2 2015. Register for free on and download the PDF research report on INVA at:


On Friday, shares in Sunnyvale, California headquartered Proofpoint Inc. recorded a trading volume of 383,235 shares. The stock ended the day 0.92% higher at $77.20. The Company's shares have advanced 0.95% in the past month, 35.82% over the previous three months, and 18.75% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 10.91% and 27.83%, respectively. Furthermore, shares of Proofpoint, which provides threat protection, incident response, regulatory compliance, archiving, governance, eDiscovery, and secure communication solutions worldwide, have an RSI of 64.42.

On August 02nd, 2016, research firm Needham initiated a 'Buy' rating on the Company's stock, issuing a target price of $88 per share.

As per notes filed with the SEC on August 24th, 2016 Proofpoint completed the acquisition of Return Path's Email Fraud Protection Division by means of an asset purchase. The purchase price was approximately $18 million. Proofpoint paid approximately $3.8 million at closing, with up to an additional approximately $14.2 million payable after the closing upon satisfaction of certain conditions over the next two years. Get free access to your research report on PFPT at:


Stock Callers: 

Stock Callers (SC) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. SC has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below. 

SC has not been compensated; directly or indirectly; for producing or publishing this document. 


The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by SC. SC is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.  


SC, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. SC, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, SC, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice. 


This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither SC nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit

CONTACT For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at: Email: Phone number: +44 330 808 3765 Office Address: Clyde Offices, Second Floor, 48 West George Street, Glasgow, U.K. -G2 1BP

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE Chelmsford Park SA