Shares of Velti (VELT) Soar on Article Highlighting Robust Mobile Ad Growth
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Velti (Nasdaq: VELT) shares are moving higher Thursday morning following a bullish SeekingAlpha article out earlier.
The article alludes to the rapid expansion of the mobile ad environment, an area which should provide much benefit for Velti moving forward. Expectations for increases in mobile ad spend are expected to move from $1.64 billion in 2007 all the way up to $29 billion by 2014.
Velti deems itself: "a leading global provider of mobile marketing and advertising technology that enable brands, advertising agencies, mobile operators and media companies to implement highly targeted, interactive and measurable campaigns by communicating with and engaging consumers via their mobile devices."
Partnerships include some biggies like AT&T (NYSE: T), Verizon (NYSE: VZ), Vodafone (NYSE: VOD) and Dell (Nasdaq: DELL).
With projected net income of 74 cents per share in 2012 and expected growth rate of 48 percent, it's P/E ratio seems rather cheap.
Finally, with 2012 being both an election and Olympics year (summer), the Seeking Alpha author said estimates might prove conservative for Velti as more and more people and companies try to get their message across -- one that Velti investors also hope you hear: "Buy me!"
Shares are over 1 percent better on the session, after blasting 6 percent higher earlier.
The article alludes to the rapid expansion of the mobile ad environment, an area which should provide much benefit for Velti moving forward. Expectations for increases in mobile ad spend are expected to move from $1.64 billion in 2007 all the way up to $29 billion by 2014.
Velti deems itself: "a leading global provider of mobile marketing and advertising technology that enable brands, advertising agencies, mobile operators and media companies to implement highly targeted, interactive and measurable campaigns by communicating with and engaging consumers via their mobile devices."
Partnerships include some biggies like AT&T (NYSE: T), Verizon (NYSE: VZ), Vodafone (NYSE: VOD) and Dell (Nasdaq: DELL).
With projected net income of 74 cents per share in 2012 and expected growth rate of 48 percent, it's P/E ratio seems rather cheap.
Finally, with 2012 being both an election and Olympics year (summer), the Seeking Alpha author said estimates might prove conservative for Velti as more and more people and companies try to get their message across -- one that Velti investors also hope you hear: "Buy me!"
Shares are over 1 percent better on the session, after blasting 6 percent higher earlier.
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