Bazaarvoice (BV) Rebounds; Firm Says Market 'Overreacted' to DoJ Suit

January 15, 2013 2:24 PM EST
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Price: $4.50 --0%

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    Up: 35 | Down: 31 | New: 11
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Bazaarvoice (Nasdaq: BV) is well off of session lows amid news that a positive blog post will be published on Wednesday by one Kerrisdale Capital.

Kerrisdale is expected to say that Bazaarvoice is cheaper than SaaS cloud enterprise peers and that the market "overreacted" to the U.S. DoJ suit. The firm emphasized that Bazaarvoice is the "dominant player" in the niche.

Kerrisdale's Twitter account is here.

Shares are down 26 percent for the first few weeks of 2013, versus Bloomberg Industries' Global Small Application Software Valuation Peers, which is up 5.4 percent.

After hitting an annual low of $6.37 on the session, shares are up 4.8 percent Tuesday.

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