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JIVE $56.06

JIVE target price
56.06
0
0
Jive Software
Type
Public
Traded as NASDAQ: JIVE
Industry Collaboration software
Founded 2001 (2001)
Headquarters Palo Alto, California, U.S.
Key people
Elisa Steele, CEO, President
Bryan LeBlanc, CFO
Products Jive
Openfire
Revenue Increase US$195.8 Million (2015)
Number of employees
Increase 658 (2014)
Website jivesoftware.com

Jive Software is a provider of communication and collaboration solutions for business, including a suite of collaboration software and an intranet back-end.

Jive is headquartered in Palo Alto, California. Founded in 2001, Jive maintains additional offices in Portland, OR; San Francisco, CA; New York, NY; Toronto, Ontario, Canada; Reading, UK; Frankfurt, Germany; São Paulo, Brazil; Tel Aviv, Israel; Melbourne, Australia; Hong Kong; Singapore, Tokyo and Paris.

On January 7, 2010, Jive acquired Colorado-based social monitoring company Filtrbox for $1.7 million in cash and common stock.

In May 2011, Jive announced the acquisition of OffiSync, an Israeli startup that adds a collaboration layer to Microsoft Office applications.

In November 2012, Jive announced the acquisition of technology companies Producteev and Meetings.io. Producteev produces a cloud-based task management application with web, desktop, and mobile clients. Meetings.io provides a chat and video conferencing tool. In May 2013, the company announced the newly redesigned version of Producteev by Jive as a stand-alone free app to individuals and teams of any size. Jive released the real-time communication features from Meetings.io over the course of 2013. These features were then broken out into a stand-alone app called Jive Chime.

In May 2013, Jive announced the acquisition of CLARA and StreamOnce and detailed their integration in the Jive Platform. The integration of CLARA's Jive Resonata product brings community analytics to the platform and allows users to measure the reach, sentiment and influence of their work, and use predictive analysis to anticipate customer behavior.

Jive was founded in 2001 in Iowa, but relocated to New York later the same year. In 2004, the company moved its headquarters to Portland, Oregon.

At the end of 2009, Jive posted a record 85% percent increase in revenue in addition to securing $12 million in Series B funding from Sequoia Capital.

In 2011, Jive filed for a $100 million IPO. The company had its IPO on December 12, 2011, on the NASDAQ stock exchange, raising $161.3 million from investors, around $60 million higher than was planned.

On November 4, 2014 Tony Zingale announced his retirement as CEO and that he would take an extended role on the board as Executive Chairman. Jive appointed Elisa Steele President and to Office of the CEO until the board found a replacement.

On February 10, 2015, Elisa Steele was named CEO, alongside her existing role as President. At the time, she was also named to the Jive Board of Directors.

By 2015, the company’s customer and revenue growth had declined to a market cap of $400 million. Independent technology analysis firm, the Real Story Group, assessed the potential for a take over of the firm, postulating that Jive may represent "the canary in the coal mine," indicating a more systemic shift in the market for enterprise collaboration software.

On February 7, 2017 during the earnings call Jive announced that the past quarter (Q4,2016) was the first where the company had achieved GAAP operating profitability.

On May 1st, 2017, Jive announced that it had entered "into Definitive Agreement to Become Part of the Aurea Family of Companies for $462 Million in Cash"

Q reports

Period Date Adjusted Actuals EPS GAAP EPS

Ratings

2016-02-18 Initiated Coverage Credit Suisse Neutral $3.50
2016-02-18 Initiated Coverage Credit Suisse Group AG Neutral $3.50
2015-11-02 Lower Price Target Needham & Company LLC Buy $12.00 to $9.00
2015-11-02 Lower Price Target BMO Capital Markets Market Perform $7.00 to $5.00
2015-09-10 Downgrade Morgan Stanley Equal Weight to Underweight $5.00 to $4.00
2015-08-05 Downgrade Northland Securities Outperform to Market Perform $7.50 to $5.00
2015-05-07 Reiterated Rating Citigroup Inc. Hold $6.00 to $6.50
2015-03-05 Initiated Coverage Macquarie Neutral $6.00
2015-02-11 Set Price Target Credit Suisse Hold $6.00
2015-02-11 Reiterated Rating Citigroup Inc. Hold $8.00 to $6.00
2015-02-11 Reiterated Rating Deutsche Bank Hold $7.00 to $6.00
2015-02-11 Lower Price Target Northland Securities Positive to Outperform $12.50 to $7.50
2015-02-11 Reiterated Rating Deutsche Bank AG Hold $7.00 to $6.00
2014-08-01 Downgrade Credit Suisse Outperform to Neutral $13.00 to $8.00
2014-05-07 Reiterated Rating Deutsche Bank Buy $10.00 to $9.00
2014-04-16 Lower Price Target Robert W. Baird $11.00 to $9.00
2014-03-12 Initiated Coverage B. Riley Buy $17.00
2014-02-13 Lower Price Target Credit Suisse $15.00 to $13.00
2014-02-13 Lower Price Target BMO Capital Markets $11.00 to $9.00
2014-02-12 Reiterated Rating Goldman Sachs Neutral $11.50 to $9.50
2014-02-12 Reiterated Rating Northland Securities Outperform
2014-02-12 Downgrade Morgan Stanley Overweight to Equal Weight $18.00 to $10.00
2014-01-23 Initiated Deutsche Bank Hold $10
2014-01-23 Initiated Coverage BMO Capital Markets Market Perform
2014-01-22 Initiated Coverage Deutsche Bank Hold $10.00
2013-11-01 Lower Price Target Credit Suisse Outperform $20.00 to $16.00
2013-07-31 Reiterated UBS Neutral $19 to $15
2013-07-31 Downgrade Robert W. Baird Outperform to Neutral
2013-07-11 Downgrade UBS Buy to Neutral $19
2013-02-22 Initiated Northland Capital Outperform $20
2013-02-06 Reiterated UBS Buy $20 to $19
2012-09-13 Upgrade UBS Neutral to Buy $22 to $20
2012-08-15 Upgrade Robert W. Baird Neutral to Outperform $21
2012-08-10 Upgrade Needham Hold to Buy $20
2012-05-09 Reiterated UBS Neutral $28 to $22
2012-05-09 Initiated Needham Hold
2012-02-28 Initiated Robert W. Baird Neutral $21
2016-02-18 Initiated Coverage Credit Suisse Neutral $3.50
2016-02-18 Initiated Coverage Credit Suisse Group AG Neutral $3.50
2015-11-02 Lower Price Target Needham & Company LLC Buy $12.00 to $9.00
2015-11-02 Lower Price Target BMO Capital Markets Market Perform $7.00 to $5.00
2015-09-10 Downgrade Morgan Stanley Equal Weight to Underweight $5.00 to $4.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
Tucker Matthew Director, CTO 8.07%  (5755546) JIVE /
GOETZ JAMES J 0.50%  (359815) CUDA / JIVE / NMBL / PANW / RKUS /
McCracken John SVP, Worldwide Sales 0.37%  (260954) CSLT / JIVE /
ANTEBI OUDI SVP Product Mgmt. & Design 0.25%  (181277) JIVE /
SCHLEIN TED 0.12%  (88825) CHGG / JIVE /
LANFRI WILLIAM A 0.12%  (86985) JIVE /
Heiliger Jonathan G 0.11%  (79731) DFT / JIVE /
Roddy Brian J SVP ENGINEERING 0.07%  (49061) JIVE /
Larson James Pres. Worldwide Field Ops. 0.06%  (46281) JIVE / MODN /
PIERZNIK WILLIAM GENERAL COUNSEL 0.05%  (39077) JIVE /
Pichai Sundar 0.02%  (14518) GOOGL / JIVE /