After dominating the market for several years, Accelerize Inc, mainly doing business as Cake (FKA Cake Marketing) has lost significant market share to competitors. As a result of this, their stock is at an all-time low and the company has been cutting staff left and right.
Worse, Zacks Investment Research lowered shares of Accelerize Inc (NASDAQ:ACLZ) from a hold rating to a strong sell rating in a research report report published on Thursday morning.
According to Zacks, “Accelerize Inc. is an online based media and customer acquisition solutions provider. It owns and operates CAKE, a software-as-a-service enterprise platform providing online tracking and analytics solutions for advertisers, affiliate marketers, and lead generators. The Company also offers cupCAKE, a campaign management solution for small and medium sized affiliate marketers. Accelerize Inc., formerly known as Accelerize New Media, Inc., is headquartered in Newport Beach, California. “
Shares of Accelerize (NASDAQ ACLZ) opened at 0.28 on Thursday. The company’s market capitalization is $18.35 million. Accelerize has a 12-month low of $0.27 and a 12-month high of $0.58. The company has a 50 day moving average of $0.30 and a 200-day moving average of $0.35.
Accelerize (NASDAQ:ACLZ) last released its earnings results on Wednesday, August 9th. The company reported ($0.01) earnings per share (EPS) for the quarter. The business had revenue of $5.99 million for the quarter, compared to the consensus estimate of $6.40 million.