ClickSoftware: Could The Stock Double Back To Reclaim Highs?
Small Cap Insight
Over the last couple of years numerous software stocks have gone through the grueling transition to the cloud. In most cases, the stocks have suffered as the company takes a hit from the lower current quarter revenue and higher expenses. A perpetual license that previously went directly to revenue during the quarter of the signed contract now becomes a subscription recorded over two to three years of monthly revenue.
One software firm that has been impacted is ClickSoftware (CKSW) that provides automated mobile workforce management and optimization solutions for such industries as utilities, telecom, and home security.
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