Zacks Investment Research Lowers Accelerize Inc (ACLZ) to Strong Sell

Zacks Investment Research lowered shares of Accelerize Inc (NASDAQ:ACLZ) from a hold rating to a strong sell rating in a report released on Wednesday 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) traded up $0.01 during midday trading on Wednesday, reaching $0.29. 47,727 shares of the company were exchanged, compared to its average volume of 21,794. Accelerize has a 52-week low of $0.25 and a 52-week high of $0.58.

Accelerize (NASDAQ:ACLZ) last issued its quarterly earnings data on Wednesday, August 9th. The company reported ($0.01) earnings per share (EPS) for the quarter. The company had revenue of $5.99 million for the quarter, compared to analysts’ expectations of $6.40 million.

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Accelerize Company Profile

Accelerize Inc owns and operates CAKE and getcake.com, a marketing technology that provides a suite of marketing intelligence tools. The Company’s software-as-a service (SaaS) is an enterprise solution, which provides online tracking and analytics solutions for advertisers and online marketers. The Company provides software solutions for businesses interested in optimizing their digital advertising spend.

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