Needham & Company Maintains a 'Buy' on ValueClick (VCLK); Improved Profitability on Self-Imposed Revenue Slowdown

Needham & Company maintains a 'Buy' on ValueClick, Inc (NASDAQ: VCLK) price target raised $1 to $21.00.

Needham analyst says, "Profitability should improve as ValueClick transitions away from low margin Owned and Operated sites with paid traffic and contributions from recently acquired Dotomi increase. We believe the 4Q11 revenue slowdown as a result of the deemphasize of the O&O sites with paid traffic, hiring challenges with Greystripe, and the impact of the Internet sales tax on Affiliate Networks’ revenue should fade entering 2012, revealing revenue acceleration and higher profitability."

Needham raises FY11 EPS estimate from $0.93 to $1.18 and FY12 from $1.16 to $1.20.

For more ratings news on ValueClick, Inc click here and for the rating history of ValueClick, Inc click here.

Shares of ValueClick, Inc closed at $18.02 yesterday.

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