[May 18, 2013] Relatively Low Return on Equity Detected in Shares of Callidus Software in the Application Software Industry (CALD, ADAT, MITK, VHC, SMSI) Tweet May 18, 2013 (SmarTrend(R) News Watch via COMTEX) -- Below are the three companies in the Application Software industry with the lowest return on equity. The ROE is a general indication of the company's efficiency; investors usually look for companies with ROEs that are high and are growing.Callidus Software ranks lowest with a ROE of -399.4%. Authentidate Holding is next with a ROE of -338.2%. Mitek Systems ranks third lowest with a ROE of -60.8%. VirnetX Holding follows with a ROE of -53.7%, and Smith Micro Software rounds out the bottom five with a ROE of -46.9%. SmarTrend recommended that subscribers consider buying shares of Mitek Systems on December 5th, 2012 as our technology indicated a new Uptrend was in progress when shares hit $2.94. Since that recommendation, shares of Mitek Systems have risen 75.5%. We continue to monitor Mitek Systems for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup [ Back To TMCnet.com's Homepage ]