Needham & Company Maintains a 'Buy' on ValueClick (VCLK); Strong 2H Should Offset Slow Start
Tweet Send to a FriendGet Alerts VCLK Hot Sheet
Price: $26.40 -0.26%
Rating Summary:
8 Buy, 9 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
8 Buy, 9 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade VCLK Now!
Needham & Company maintains a 'Buy' on ValueClick, Inc (NASDAQ: VCLK) price target lowered $1 to $22.
Analyst, Kerry Rice, said, "We expect a sharp decline in ValueClick’s share price given the weaker than expected 1Q12 results and guidance. We believe the lower than expected guidance may not be as bad as feared as Street expectations may been too linear and not weighted enough towards 2H. Management remains confident in ValueClick’s ability to exceed $700 million in 2012 revenue and sustain 30% EBITDA margin. Therefore, the share weakness could provide an attractive entry point, in our opinion."
FY12 lowered from $1.20 to $1.14 and FY13 from $1.42 to $1.30.
For an analyst ratings summary and ratings history on ValueClick, Inc click here. For more ratings news on ValueClick, Inc click here.
Shares of ValueClick, Inc closed at $21.60 yesterday, with a 52 week range of $13.35-$21.86.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Analyst, Kerry Rice, said, "We expect a sharp decline in ValueClick’s share price given the weaker than expected 1Q12 results and guidance. We believe the lower than expected guidance may not be as bad as feared as Street expectations may been too linear and not weighted enough towards 2H. Management remains confident in ValueClick’s ability to exceed $700 million in 2012 revenue and sustain 30% EBITDA margin. Therefore, the share weakness could provide an attractive entry point, in our opinion."
FY12 lowered from $1.20 to $1.14 and FY13 from $1.42 to $1.30.
For an analyst ratings summary and ratings history on ValueClick, Inc click here. For more ratings news on ValueClick, Inc click here.
Shares of ValueClick, Inc closed at $21.60 yesterday, with a 52 week range of $13.35-$21.86.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Jefferies Bumps Zumiez (ZUMZ) Numbers Up, But Remains on Sidelines
- Williams-Sonoma (WSM) Delivers 'Clean' Q1 Beat - Analyst
- UPDATE: MKM Partners Downgrades Alkermes (ALKS) to Sell
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
Needham & Company
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
