Bazaarvoice (NASDAQ:BV) Sued By United States to Divest Few Assets to Create Competitor

The Austin, Texas based Bazaarvoice Inc (NASDAQ:BV), the software corporation that purchased its closest competitor PowerReviews Inc previous year in a $168.2 million accord, was sued by the United States to want it to divest few of its assets to make a rival. Bazaarvoice assists corporations to insert reviews and other customer-generated data on their websites.

The United States Justice Department reported in a complaint filed on Thursday in federal court in San Francisco that the acquisition damage rivalry in the market for Internet platforms that offer product ratings and reviews.

Shares of the company plunged 15.84% to settle at $7.49.

Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. Towerstream Corporation (NASDAQ:TWER) fell -4.38% to settle at $3.49, AmREIT Inc (NYSE:AMRE) moved down -0.46% to end at $17.32 while Apple Inc. (NASDAQ:AAPL) jumped +1.24% to finish at $523.51 on Thursday.

Bazaarvoice Inc (NASDAQ:BV) last session’s volume of 1.86 million shares was higher than its average volume of 729,394 shares. The stock after opening at $9.00 hit high price of $9.00 and then closed at $7.49 by scoring -15.84%.

BV generated revenue of $133.32 million in the previous twelve months and earned -$42.74 million. The Company showed a negative -32.05% in the net profit margin as well as in its operating margin which remained at -30.70%. Company’s annual sales growth for the past five years was 104.71%.

The BV’s past twelve months’ price to sales ratio was 4.01 and price to cash ratio remained 3.78. As far as the returns are concerned, BV’s return on equity was recorded as -38.46% and return on investment decreased -32.99% while its return on asset stayed at -22.52%.

The stock showed weekly downbeat performance of -16.69% which was maintained for the month at -14.89%. Likewise the negative performance for the quarter was recorded as -52.53% and YTD performance remained at -19.89%.

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