Zacks Investment Research lowered shares of Accelerize Inc (NASDAQ:ACLZ) from a hold rating to a strong sell rating in a report published on Wednesday.

According to Zacks, “Accelerize Inc. is an online based media and customer acquisition solutions provider. It owns and operates CAKE, a software-as-a-service enterprise platform providing online tracking and analytics solutions for advertisers, affiliate marketers, and lead generators. The Company also offers cupCAKE, a campaign management solution for small and medium sized affiliate marketers. Accelerize Inc., formerly known as Accelerize New Media, Inc., is headquartered in Newport Beach, California. “

Shares of Accelerize (ACLZ) opened at $0.29 on Wednesday. Accelerize has a 12-month low of $0.25 and a 12-month high of $0.58.

Accelerize (NASDAQ:ACLZ) last announced its quarterly earnings results on Wednesday, August 9th. The company reported ($0.01) earnings per share for the quarter. The business had revenue of $5.99 million during the quarter, compared to the consensus estimate of $6.40 million.

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About Accelerize

Accelerize Inc owns and operates CAKE and, a marketing technology that provides a suite of marketing intelligence tools. The Company’s software-as-a service (SaaS) is an enterprise solution, which provides online tracking and analytics solutions for advertisers and online marketers. The Company provides software solutions for businesses interested in optimizing their digital advertising spend.

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