Application Software Stocks Under Scanner -- Rubicon Project, Mitek Systems, Innoviva, and Proofpoint
29 Aug, 2016, 07:45 ET
NEW YORK, August 29, 2016 /PRNewswire/ --
Stocks under review on Stock-Callers.com 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:
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 Stock-Callers.com 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:
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