Yelp Inc (NYSE:YELP)’s stock grew after the company posted a GAAP net loss of $0.04 per share, halved from the prievious year loss of $0.08. By comparison, analysts at Capital IQ expected EPS of $0.07. Revenue went up by 66% to $76.4 million, higher than the consensus of $75.0 million. For the second quarter, YELP forecasts revenue in the range between $85 million and $86 million and adjusted EBITDA – between $11 million and $12 million, versus analyst estimates of $85 million and $13 million respectively. For fiscal year 2014, the company’s outlook revenue in the range between $363 million…
Author: Erik Witlen
LogMeIn Inc(NASDAQ:LOGM) jumped after Needham & Company raised its price target to $55 from $46 following Q1 earnings after the close on Tuesday that beat Street expectations and positive guidance going forward. The cloud-based technology company reported Q1 sales were $49 million, above the Thomson Reuters mean of $47.07 million. Non-GAAP EPS were $0.22, a penny ahead of estimates. LOGM sees 26%-27% sales growth in 2014. FY sales are seen between $209.0 million to $212.0 million, above forecasts for $200.38 million. Non-GAAP EPS are seen between $0.96 to $1.04, topping estimates for $0.92. Q2 sales are seen between $52.2 million to $52.7…
Rosenblatt said Yelp’s recent weakness is a buying opportunity and has returned to a positive stance ahead of earnings. The firm expects Q1 revenues at the high end of $73.5M-$74.5M guidance and believes a spike in low end smartphones in emerging markets will be the highlight. In a note to investors on April 14, research firm Pacific Crest reported that more consumers were utilizing Yelps reviews of businesses other than restaurants. Non-restaurant businesses are the primary source of growth for Yelp, added the firm, which kept a $115 price target and Outperform rating on the stock. Analysts have a consensus…
Susquehanna lowered its price target on Twitter Inc (NYSE:TWTR) following Q1 results citing slowing user growth. The firm believes the user base will have to grow in order for the company to increase its share of ad budgets. Shares remain Neutral rated. Cowen also lowered its price target on Twitter following mixed Q4 results. The firm cited decelerating user growth, declining engagement for the second consecutive quarter, and higher operating and capital expenditures. Shares are Underperform rated. Analysts have a consensus price target of $49 on Twitter Inc (NYSE:TWTR) which indicates a 14% upside. The consensus rating of the stock is a…
COMSCORE, Inc. (NASDAQ:SCOR), which provides on-demand digital analytics solutions, reported quarterly revenue of $76.9 million; GAAP loss before income taxes of $0.7 million; and GAAP net loss of $0.8 million, or $0.02 per basic and diluted share. Non-GAAP earnings were $0.30 per share. The Street expected earnings of $0.22 per share on $76.4 million in revenue, according to Capital IQ estimates. Analysts have a consensus price target of $30.78 on COMSCORE, Inc. (NASDAQ:SCOR) which indicates a 10% upside. The consensus rating of the stock is a Buy with a score of 2.50. There are currently 4 Buy ratings on the stock and 4 hold…
Netflix Inc., (NASDAQ:NFLX) has signed a deal with Verizon (VZ) providing it direct access to Verizon’s network to improve streaming video quality, similar to the deal Netflix signed with Comcast (CMCSA) earlier this year, reports The Verge. Analysts have a consensus price target of $378.71 on Netflix Inc., (NASDAQ:NFLX) which indicates a 1.58% upside. The consensus rating of the stock is a HOLD with a score of 2.30. There are currently 23 Hold Ratings, 4 sell ratings and 15 Buy ratings on the stock. The most recent analyst action consisted of Jeffries reiterating their underweight rating and price target of $300.…
Facebook Inc. (NASDAQ:FB) has begun testing the idea of running video ads on its photo-sharing Instagram service, a new ad-tweak that is being carefully managed as competition for video ad dollars with Twitter (TWTR)and YouTube heats up. According to industry-bible Adweek, Facebook is already testing video ads on its Instagram service. But Instagram is “a bit of a control freak” when it comes to advertising and so the company is taking a “slow approach” to building the new ad-revenue generator. Mindful of the youthful demographic Instagram enjoys, every sponsored image will be pre-approved and each brand vetted. The brands involved in the…
Barracuda Networks Inc (NYSE:CUDA) has given back all of last Friday’s post-earnings gains and is trading more than 10% lower at a near 5-month low. After the close on Thursday, the security and storage solutions company reported Q4 earnings of $0.06 per share, beating estimates of $0.01 per share. Revenue of $60.3 million, rose 14.9% from $52.47 million in the same quarter last year and beat estimates of $59.67 million. The upbeat results pushed the stock through $30 per share for the first time in 2 weeks on Friday. But the move fizzled just after the open and continues to weigh on…
After QUALCOMM (NASDAQ:QCOM)’s stock dropped 4% after reporting lower than expected Q2 revenue, Argus expects the company to benefit from the development of LTE technology in China. The firm keeps a Buy rating on the stock. The company reported earnings on April 23rd beating the consensus EPS by nearly $0.10. Revenues came in at $6.37 billion against the $6.48 billion expected. Analysts have a consensus price target of $78.13 on QUALCOMM (NASDAQ:QCOM) which indicates a .33% upside. The consensus rating of the stock is a BUY with a score of 2.72. There are currently 9 Hold Ratings and 23 Buy…
Amazon.com, Inc.(NASDAQ:AMZN) is slightly higher late Thursday after delivering in-line Q1 profit results and guiding for Q4 sales in a narrow range that straddles the Street view. The company reports Q1 profit of $108 million, or $0.23, compared with a profit of 82 million, or $0.18, for the year-earlier period. Revenue rose to $19.74 billion from $16.07 billion. The consensus on Capital IQ was for $0.24 on a non-GAAP basis and $0.22 per share on GAAP basis and revenue of $19.4 billion. For the current quarter, Amazon expects sales of between $18.1 billion and $19.8 billion. Analysts were expecting sales of…
Monolithic Power Systems, Inc.(NASDAQ:MPWR) is edging lower in late trading after the company reported that mixed financial results for Q1, and provided guidance for Q2 revenue in line with analysts’ expectations. Shares are down 0.24% at $38, with a 52-week range of $22.20 – $39.80. The fabless semiconductor company that designs, develops and markets analog and mixed-signal semiconductors reported Q1 earnings of $0.39 per share, ex one-time items, compared with the prior-year period’s $0.17 per share. Revenue was $60.06 million, up 16.7% from $51.47 million in the same quarter last year. Analysts polled by Capital IQ were expecting EPS of $0.26…
Shares of Microsoft Corporation(NASDAQ:MSFT) are higher after-hours as the company reports Q3 GAAP EPS of $0.68, compared to EPS of $0.72 a year ago. If comparable, consensus by analysts polled by Capital IQ was for EPS of $0.63. Revenue of $20.4 billion edged analyst estimates of $20.3 billion and is essentially flat from a year ago. On a non-GAAP basis, EPS increased 5% while revenues gained 8%. MSFT is up 2.6% at $40.90 after-hours. Analysts have a consensus price target of $37.54 on Microsoft Corporation(NASDAQ:MSFT) which indicates a 5.81% downside. The consensus rating of the stock is a HOLD with a…