Shares of Pandora Media (P) Spike After Strong Q2 Report, Analyst Upgrades
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Shares of Pandora Media (NYSE: P) are trading 20% higher this morning on a strong earnings report and positive analyst comments.
Last night, after the close, the internet radio company reported Q2 earnings of $0.00 (breakeven) vs. the consensus for a $0.03 loss. Revenues were also better, $101.3M vs. consensus of $100.94M. The company also issued strong guidance for Q3 and FY12.
This morning, two Wall Street firms, Canaccord Genuity and SunTrust, upgraded the stock to 'Buy'.
Maxim Group and Needham & Company maintained their 'Buys', and made positive follow-up comments.
The stock is currently at $12.10, up $2.02 (+20.04%). The 52-wk trading range is $7.83 - 15.97.
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Last night, after the close, the internet radio company reported Q2 earnings of $0.00 (breakeven) vs. the consensus for a $0.03 loss. Revenues were also better, $101.3M vs. consensus of $100.94M. The company also issued strong guidance for Q3 and FY12.
This morning, two Wall Street firms, Canaccord Genuity and SunTrust, upgraded the stock to 'Buy'.
Maxim Group and Needham & Company maintained their 'Buys', and made positive follow-up comments.
The stock is currently at $12.10, up $2.02 (+20.04%). The 52-wk trading range is $7.83 - 15.97.
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Needham & Company, Maxim Group, Earnings, Canaccord Genuity
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