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.