Soros Caught in ClickSoftware Rout That Puzzles Analysts
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Analysts and investors have never disagreed more about what price to pay for shares in ClickSoftware Technologies Ltd., the Israeli developer whose largest stockholder is billionaire George Soros.
ClickSoftware, which makes computer programs to manage workforces, reached a five-month low on June 4 and has plunged 25 percent to $7.60 this quarter, the second-worst performance on the Bloomberg Israel-US Equity Index. Still, analysts maintain the shares will climb to an average price of $13.33 in the next 12 months. That marks the biggest difference on record, according to Bloomberg compiled data going back to 2007.