Filed under: Earnings reports, Analyst upgrades and downgrades, Penney (J.C.) (JCP), Chubb Corp (CB), Compuware Corp (CPWR), Oracle Corp (ORCL), Texas Instruments (TXN), Technical Analysis, Stocks to Buy

Concur Technologies (NASDAQ: CNQR) provides software applications that automate corporate travel and expense management. Its flagship program provides the process and information for management to reduce manual checking, improve internal controls, increase business policy compliance, speed up reimbursement, and increase expense report accuracy. The software features Web-based modules for tracking, submitting, and processing reports. Other offerings manage employee requests for vendor payments, manage the planning of corporate meetings and group travel, and search for fraud. Customers include Chubb (NYSE: CB), J.C. Penney (NYSE: JCP) and Texas Instruments (NYSE: TXN). Compuware (NASDAQ: CPWR) and Oracle (NASDAQ: ORCL) are competitors.

The company pleased investors last week, when it reported fiscal Q4 EPS of 15 cents (ex-items) and revenues of $35.75 million. Analysts had been expecting 9 cents and $34.29 million. Management also guided Q1 EPS to 13 cents (8 cent consensus), Q1 revenues to $46.0 million ($43.3M consensus), FY08 EPS to 70 cents (62 cent consensus) and FY08 revenues to $200.0 million ($194.5M consensus). Canaccord Adams and Broadpoint Capital subsequently declared the stock a “buy” and established $40 price targets.

Continue reading Concur Technologies (CNQR) shares forming bullish pennant

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This entry was posted on Tuesday, November 27th, 2007 at 11:42 pm and is filed under Stocks Money News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.