Diamonds and Dogs
Rally Software Development Corp. (RALY)
Rally Software is rallying today, up 44.04% to $19.46. The software company saw its shares skyrocket after news that CA inc. made an offer to buy Rally. CA said it agreed to acquire Rally for $19.50 a share, or about $480 million. CA expects the deal to close sometime in its second fiscal quarter. Shares of Rally spiked nearly $6.00 to a new 52-week high of $19.48.
Tilly's Inc. (TLYS)
Tilly's Inc. is getting hit hard today, down 24.85% to $9.77. The teen clothing and footwear company saw its shares drop after reporting earnings. For the quarter, management announced an EPS of $0.05 on revenue of $120.2 million. EPS topped analysts' estimates of$0.04, however revenues missed estimates by $1 million. Furthermore, Tilly's lowered its guidance for its second quarter EPS, also hurting the company today. Shares of Tilly's fell over $3.20 today but stayed well above their 52-week low of $6.65.
Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.