Oppenheimer Reiterates Outperform on ClickSoftware Technologies

Oppenheimer is out with its report today on ClickSoftware Technologies CKSW, reiterating Outperform. In a note to clients, Oppenheimer writes, "Our recent checks indicate that CKSW generated a solid 2Q and that its outlook remains positive. We believe upside to our estimates of $19.8M/$0.10 is highly feasible. Enterprises are increasingly seeking efficiencies from field service operations, and CKSW remains the leading competitor in this space. CKSW continues to engage partners as it builds-out a revenue-generating 'ClickSoftware ecosystem,' and it continues to pursue multiple strategies, including social media, to strengthen the ClickSoftware brand. CKSW's enterprise mobility initiative continues to gain traction, and the relationship with key customer SAP remains strong. We reiterate our Outperform rating and $11 price target." At the time of posting, shares of CKSW were trading pre-market at $10.05, down 2.90% from Friday's close.