In September 2016, privately held tech ‘unicorn’ Apttus (Private:APTUS) raised $88 million in late stage venture capital investment and its CEO has indicated a desire to IPO in 2017.
A ‘unicorn’ is a tech startup that has been valued at or more than $1 billion by private investors.
Founded in 2006 by CEO Kirk Krappe, Apttus has developed a suite of enterprise contract management solutions to streamline the sales and quoting process.
Here’s a brief overview of the company’s approach:
(Source: Apttus)
San Mateo, California-based Apttus, which is backed by investors such as K1 Investment Management, Salesforce (NYSE:CRM), Kuwait Investment Authority, Gulf Islamic Investments, Kia Motors and ICONIQ Capital, has a raised at least $274 million in private investment.
I recently spoke with Chief Revenue Officer Kamal Ahluwalia about the company’s history and future potential.
(The following has been edited for brevity.)
DJ: Apttus operates in the contract management space which is pretty large and dynamic – how would you describe the major technology trends currently impacting the space?
penny stock quotes: Dean Foods Company(DF)
Advisors’ Opinion:
- [By Peter Graham]
The Q4 2016 earnings report for small cap Dean Foods Co (NYSE: DF) is scheduledfor before the market opens onThursday (February 16th) with the strongest volume performance seen in yearsbeing reported the last time around.
- [By Jon C. Ogg]
Dean Foods Co. (NYSE: DF) was raised to Overweight from Neutral with a $22 price target (versus an $18.75 close) at JPMorgan. Dean Foods has a 52-week range of $15.69 to $22.31 and a consensus analyst price target of $20.17.
- [By Lisa Levin]
Some of the stocks that may grab investor focus today are:
Wall Street expects Avon Products, Inc. (NYSE: AVP) to report quarterly earnings at $0.10 per share on revenue of $1.62 billion before the opening bell. Avon Products shares rose 2.39 percent to $6.00 in after-hours trading.
Analysts expect MGM Resorts International (NYSE: MGM) to report quarterly earnings at $0.20 per share on revenue of $2.44 billion before the opening bell. MGM shares rose 1.01 percent to $29.90 in after-hours trading.
Cisco Systems, Inc. (NASDAQ: CSCO) reported better-than-expected results for its second quarter and raised its quarterly dividend to $0.29 per share. Cisco shares rose 2.13 percent to $33.52 in the after-hours trading session.
Before the markets open, Dean Foods Co (NYSE: DF) is projected to report its quarterly earnings at $0.41 per share on revenue of $2.01 billion. Dean Foods shares rose 0.49 percent to $20.55 in after-hours trading.
Tripadvisor Inc (NASDAQ: TRIP) posted weaker-than-expected results for its fourth quarter on Wednesday. Tripadvisor shares dropped 5.60 percent to $49.75 in the after-hours trading session.
Analysts are expecting Waste Management, Inc. (NYSE: WM) to have earned $0.77 per share on revenue of $3.42 billion in the latest quarter. Waste Management will release earnings before the markets open. Waste Management shares rose 2.27 percent to $72.97 in after-hours trading.
Find out what's going on in today's market and bring any questions you have to Benzinga's PreMarket Prep.
- [By Peter Graham]
A long term performance chart shows shares of WhiteWave Foods peakingtwo summers in a rowwhile mid capThe Hain Celestial Group, Inc (NASDAQ: HAIN) also peaked two summers in a rowandsmall cap Dean Foods Co (NYSE: DF) has been moving a bit higher for the past couple of years:
- [By Lisa Levin]
Tuesday afternoon, the non-cyclical consumer goods & services shares climbed by 0.71 percent. Meanwhile, top gainers in the sector included Weight Watchers International, Inc. (NYSE: WTW), up 17 percent, and Dean Foods Co (NYSE: DF), up 6 percent.
- [By Lisa Levin]
Dean Foods Co (NYSE: DF) posted weaker-than-expected earnings for its first quarter on Tuesday.
Dean Foods said it earned $0.13 per share in the first quarter on revenue of $2.00 billion; Analysts were expecting the company to earn $0.18 per share on revenue of $1.097 billion.
penny stock quotes: Citrix Systems Inc.(CTXS)
Advisors’ Opinion:
- [By Chris Lange]
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Monday was Citrix Systems, Inc. (NASDAQ: CTXS) which jumped 6.8% to $84.93. The stocks 52-week range is $59.72 to $87.99. Volume was 5.19 million which is well above the daily average of around 2.09 million shares.
- [By Ben Levisohn]
Citrix Systems (CTXS)soared nearly to the top of the S&P 500 today afterreports it had hired Goldman Sachs (GS) to pursue a sale of the company.
S. MARTIN/AFP/Getty Images
Citrix Systemsgained 6.8% to $84.93 today, while the S&P 500 finished little changed at 2,373.47.
Business Insider’s Matt Weinbergerhas the details:
Citrix, the $13 billion tech company best known for software like GoToMeeting, is working with Goldman Sachs to negotiate a possible sale, reports Bloomberg, citing anonymous sources.
This isn’t the first time that Citrix has shopped itself around: in late 2015, and under pressure from activist shareholder Elliott Management, Citrix was said to have unsuccessfully tried to find a buyer.
Citrix Systems market cap rose t0 $13.3 billion today from $12.4 billion on Friday. It reported net income of $536 million on sales of $3.4 billion in 2016.
- [By Ben Levisohn]
Wynn Resortsgained 4.8% to $104.30 today, while the S&P 500 finished little changed at2,373.47. At 2:45, Wynn was easily the top performing stock in the S&P 500, only to be surpassed by Citrix’s (CTXS) late day surge.
penny stock quotes: Enphase Energy, Inc.(ENPH)
Advisors’ Opinion:
- [By Ben Levisohn]
UPDATE: I stand corrected. There does appear to be a reason for First Solar’s market-leading move today. Axiom Capital’s Gordon Johnson attributes the rise to the $10 million investment in Enphase Energy (ENPH), which makes “microinverter systems for the solar photovoltaic industry,” by investors T.J. Rodgers and John Doerr.
penny stock quotes: ZTE Corporation (ZTCOF)
Advisors’ Opinion:
- [By SEEKINGALPHA.COM]
Chinese telco equipment giant ZTE (OTCPK:ZTCOF) has been actively cooperating and communicating with relevant U.S. government departments in order to reach a conclusion of the investigation related to the compny’s violations of sanctions on Iran.
- [By SEEKINGALPHA.COM]
The United States has a history of preventing Chinese companies that are even suspected of being state-owned from selling certain products into key industries. Huawei and ZTE (OTCPK:ZTCOF), for example, were under harsh scrutiny for their telecommunications equipment.
penny stock quotes: Orexigen Therapeutics, Inc.(OREX)
Advisors’ Opinion:
- [By Keith Speights]
Arena is out of the obesity drug business, but what about Orexigen Therapeutics (NASDAQ:OREX) or VIVUS (NASDAQ:VVUS)? The problem is that they’re both too dependent on their respective obesity drugs, Contrave and Qsymia. Neither of the drugs have performed up to expectations.
- [By Peter Graham]
A long term chart shows Arena Pharmaceuticals along with its small capobesitytreatmentpeers EnteroMedics Inc (NASDAQ: ETRM), Orexigen Therapeutics, Inc (NASDAQ: OREX) and VIVUS, Inc (NASDAQ: VVUS) all causing severe weight loss for investor portfolios:
- [By Cameron Saucier]
Orexigen Therapeutics (Nasdaq: OREX) is a biopharmaceutical company that aims to treat obesity. The company’s flagship drug, Contrave, is approved by the Food and Drug Administration (FDA) in the United States. The drug regulates appetite, energy use, and the central nervous system. OREX rose 63% last month after it announced a new commercial and distribution agreement with Biologix FZCO. The agreement will cover 10 countries in the Middle East. OREX is currently trading at $3.30 per share and is down 79% as of Jan. 9 year over year (YOY).
penny stock quotes: Extreme Networks Inc.(EXTR)
Advisors’ Opinion:
- [By Azam Zariff]
Extreme Networks, Inc. (NASDAQ: EXTR), a communication company, has been on a surge the past year. From the low of $2.32 to high of $8.11 in just over a year, this stock might continue to rise. Besides the strong financials, and positive acquisition news, EXTR current price is testing the high of $8.11 and once the price breaks above $8.11, we can expect the price to surge.
