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Tech

RightNow (RNOW): Cleared resistance with high volume

RightNow (RNOW) cleared resistance with high volume with news of better 3Q outlook.

Other news include announcement of new COO, Wayne Huyard.

The former COO, Susan Carstensen will head the Global Services Unit.

To me, the above is a sign that RightNow is revenue base is growing and they needed more management to help grow the company.

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Tech

RightNow Technologies (RNOW) : Q3 Beat Estimates, Will Break 52 Week High

RightNow reported its Q3 results with revenue US$38M for the Q3 (an increase compared to its Q3 2008 results).

After trading hours price has seen it shot up to 15.60

While after trading hours prices does not equate to the opening price for today, there is a chance that RNOW will break the resistance of $15.11 on based on the Ichimoku Chart.

I expect RNOW to be trading between $15.11 and $15.77 for the short term. (Keep my fingers crossed)

2009Oct-Rightnow Technologies Inc-800x600

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Tech

RightNow Technologies (RNOW) : Leaders in Gartner’s Magic Quadrant for E-Services Suite

This is considered a small win for RightNow. RightNow has just been featured as a leader in Gartner’s report. A ‘leader’ is defined as having both the vision and the ability to execute. And I see this a small plus.

Being featured on Gartner’s reports does not necessary mean there will be more deals.

However, from experience, I do know that there are CXOs who will use the report to filter competitive products. So, if your company compete in the same segment and is not featured here, then there is a need to supplement your sales team with other materials.

So, just by being on the report itself is a small plus as the report is used to help influence decision maker.

Sidenote:

There is another saying. How much does one needs to pay in order to be featured in Gartner’s reports.

Note:

Vested in RNOW.