RightNow Technologies (NASDAQ:RNOW) Driven by Several Catalysts

RightNow Technologies (NASDAQ:RNOW) has several things going for it now, as evidenced by their positive preannouncement for the fourth quarter of 2010.

FBR says, "Last night (Tuesday), RightNow preannounced good 4Q10 results with upside to revenues, bookings, and EPS. RightNow continues to execute well as it benefits from (1) increasing usage of its platform and (2) its move into the contact center. RightNow also announced that it is acquiring Q-go, a provider of natural language search technology. The acquisition of Q-go should help improve the search capabilities of the company's core customer support offering.

"Our new estimates reflect the following: (1) 4Q10 upside, (2) acquisition of Q-go, and (3) the company’s $175 million convertible note offering. For 2011, we are raising our revenue estimate from $218 million to $229 million but lowering our pro forma EPS estimate from $0.70 to $0.58. For 2012, we are raising our revenue estimate from $246 million to $267 million but maintaining our $0.86 pro forma EPS estimate."

FBR Capital reiterates a "Market Perform" rating on RightNow Technologies (RNOW), which closed Wednesday at $27.11, losing $0.39, or 1.42 percent. FBR has a price target of $26 on RightNow.