ClickSoftware (CKSW) to report earnings Wednesday

ClickSoftware Technologies (NASDAQ: CKSW) a provider of mobile workforce management and service optimization solutions, is set to report earnings tomorrow morning before the market opens. Investors expect a strong quarter as ClickSoftware has been showing strong growth. The company raised guidance for annual revenue growth of about 26.5% to 29.5%, compared to the 20% growth projection given at the beginning of the year.

Analyst Matthew Weiss of Maxim Group initiated coverage of ClickSoftware in the summer, with a "buy" rating and an $8 price target. Weiss cited market trends for his optimism, explaining that "Gartner predicts that the market for field service management software/services will grow at an 18% CAGR (compound annual growth rate) through 2009. We expect CKSW to grow in excess of the market and model 32% and 25% year-over-year top-line growth in 2007 and 2008, respectively."

With the stock trading around $6.15, this presents an intriguing investment for those looking for micro-cap. With a market-cap of $170 million and a small float, any upside earnings surprise will send the stock soaring. Estimates range from flat to $0.03 EPS. As the company already guided numbers higher for the rest of 2007, it will be interesting to hear management give us a peak into what's in store for Q1 '08.

Disclosure: Author holds a position in CKSW as of 10/30/07.

Aaron Katsman is the lead Portfolio Manager and Managing Director of America Israel Investment Associates, LLC. and Senior Editor of IsraelNewsletter.com.

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