Shareholders of Attunity Ltd (NASDAQ:ATTU) are not too happy today after the stock has fallen over 30% on an earnings miss. The company reported their fouth quarter and full year 2015 earnings today, and shareholders responed quite negatively.
Fourth Quarter results fell short of Wall Street’s estimates, as did 2016 revenue guidance which came in at between $58 million and $62 million, well south of Wall Street’s estimated $66.4 million.
“We reported a 36% increase in total revenue for 2015 as a result of strong market demand for our core line of Big Data and cloud solutions. We are also seeing increased demand for significantly larger deals with Attunity being positioned as a strategic enterprise solution. Revenue for the year was slightly impacted by longer sales cycles and new licensing models associated with providing these large-scale solutions to global customers. As a result, revenue was slightly lower than the annual guidance we provided in March after acquiring Appfluent,” said Shimon Alon, Chairman and CEO of Attunity. “We believe 2015 was a transformational year for Attunity as we evolved into a globally recognized brand. Our new solutions provide a strategic platform from which customers will maximize the value of their entire Big Data environment which is often the most important and visible initiative underway within a Global 2000 organization.”
The stock is down 32.54% or $3.1 following the news, hitting $6.41 per share. About 511,849 shares traded hands or 931.83% up from the average. ATTU has declined 30.74% since June 23, 2015 and is downtrending. It has underperformed the S&P500 by 19.72%.
From a total of 2 analysts covering Attunity (NASDAQ:ATTU) stock, 2 rate it a “Buy”, 0 a “Sell”, and 0 a “Hold”. This means that 100% of the ratings are positive. Attunity was the topic of 2 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Ladenburg Thalmann initiated shares on September 11 with a “Buy” rating.
The institutional sentiment increased to 2.5 in Q2 2015. It’s up 0.61, from 1.89 in 2015Q2. The ratio improved, as 3 funds sold all their Attunity Ltd shares they owned while 5 reduced their positions. 9 funds bought stakes while 11 increased their total positions. Institutions now own 4.64 million shares which is 11.54% more than the previous share count of 4.16 million in 2015Q2.
Diker Management Llc holds 3.04% of its total portfolio in Attunity Ltd, equating to 1.01 million shares. G2 Investment Partners Management Llc owns 515,301 shares representing 2.63% of their total US portfolio. Moreover, Connective Capital Management Llc has 2.27% of their total portfolio invested in the company, equating to 80,913 shares. The Maryland-based Rothschild Capital Partners Llc has a total of 1.94% of their portfolio invested in the stock. Herald Investment Management Ltd, a United Kingdom-based fund reported 294,200 shares owned.
Attunity Ltd is a provider of information availability software solutions. The company has a market cap of $160.20 million. The Company’s solutions enable access, management, sharing and distribution of data, including Big Data, across a range of enterprise platforms, organizations and the cloud. It currently has negative earnings. The Company’s software includes products for real-time data integration, including data and files replication; data warehouse automation, data usage analytics and test data management; ARA, which automates the deployment and upgrade of custom applications and Web content across various stages of the application and content lifecycle, and managed file transfer .