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IPO Watch: Rally Software (RALY) Advances 29%

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IPO Watch: Rally Software (RALY) Advances 29% Powered By Docstoc
					Robert DeFrancesco’s
TechStockProspector.com
April 16, 2013


IPO Watch: Rally Software (RALY) Advances 29%
NOW AVAILABLE: The April 2013 issue of Tech-Stock Prospector for your
Amazon Kindle or Kindle for iPad/iPhone reading app.

Here are some of the topics covered in the April 2013 issue of TSP:

*Oracle in recovery after a tough quarter
*Yelp disrupts local search
*TripAdvisor expands its global presence
*Deal delays trip up F5 Networks
*Is Citrix Systems getting more competitive?
*How Aruba Networks steers wireless traffic
*Tableau Software is ready for the IPO spotlight
*Big Data: EMC and VMware launch Pivotal
*An activist investor tries to shake things up at Harmonic
*Why Palo Alto Networks is the rising star in security
*Juniper Networks attempts to rebound after a tough year
*Marin Software optimizes digital advertising from the cloud
*Electronic Arts seeks a new CEO to help reignite growth
*Fortinet battles for market share in networking security
*Deal Report: Model N finds growth in a software niche

Order the April 2013 issue of TSP here:
http://www.amzn.com/B004T6Z0ME

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On Friday, Rally Software Development (RALY, $18.10), a provider of cloud-based
solutions for managing Agile software development, went public at $14 a share
(above the expected range of $11 to $13), opened for trading at $17.10 and went to
a high of $18.44. The stock added 1.6% yesterday and is now up 29% from the IPO
price. There are 22.49 million shares outstanding after the offering.

Agile is a software development methodology characterized by short, iterative and
highly adaptable development cycles. Since its introduction in 2001, organizations
have increasingly adopted the methodology; it’s estimated that Agile techniques
were used in 29% of new software development projects in 2011.
Rally’s platform transforms the way organizations manage the software
development lifecycle by enabling close alignment of the development process and
strategic business objectives. Organizations use its solutions to accelerate the pace
of innovation, improve productivity and more effectively adapt to rapidly changing
customer needs.

As of the end of January, Rally had 168,562 paid users (up from 116,714 in the year-
ago period) and more than 1,000 customers, including 34 of the Fortune 100
companies. For fiscal 2013 (Jan.), revenue rose 38% to $56.8 million, with
subscription and support revenue advancing 41% to $43.8 million.

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Read the latest issue of Tech-Stock Prospector on your Amazon Kindle or Kindle for
iPad/iPhone reading app.

Here’s the Kindle link: http://www.amzn.com/B004T6Z0ME

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Tech-Stock Prospector Managing Editor Rob DeFrancesco has more than 20
years of experience covering the tech sector. He is a former senior writer with
Louis Rukeyser’s Wall Street.

TechStockProspector.com, launched in 2003, is an investment-research service
focused primarily on the networking, storage, security, wireless and software
sectors. Annual subscription: $350.

For more information or to place an order, call 800-392-0998.

				
DOCUMENT INFO
Description: The cloud-software company went public last Friday at $14 a share