Needham & Company Maintains a 'Buy' on Yahoo! (YHOO); Q1 Review
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Price: $52.58 --0%
Rating Summary:
18 Buy, 21 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
18 Buy, 21 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Needham & Company maintains a 'Buy' on Yahoo! (NASDAQ: YHOO) price target of $19.00.
Analyst, Laura Martin, said, "Key take-aways from the 1Q12 call included: 1) Guidance: The revenue growth guidance for 2Q12 is up 1% y/y (midpoint of range), the same growth reported in 1Q12. YHOO gave 2Q12 guidance of Revenue, ex TAC, in the range of $1.03B to $1.14B and Income from Operations in the range of $115 to $195mm; 2) Strategy. Strategy is to focus on success metrics in 3 operating silos: 1) media; 2) connections; and 3) commerce. The
company stated it will cut costs and use the money saved to fund expansion in these 3 areas. Monetizing data is a key theme of this CEO."
Martin also noted that stock buybacks were significantly down in Q1 ($71 mln) vs. Q4 ($416 mln). Needham raises FY12 EPS estimates from $0.82 to $0.88.
For an analyst ratings summary and ratings history on Yahoo! click here. For more ratings news on Yahoo! click here.
Shares of Yahoo! closed at $15.01 yesterday.
Analyst, Laura Martin, said, "Key take-aways from the 1Q12 call included: 1) Guidance: The revenue growth guidance for 2Q12 is up 1% y/y (midpoint of range), the same growth reported in 1Q12. YHOO gave 2Q12 guidance of Revenue, ex TAC, in the range of $1.03B to $1.14B and Income from Operations in the range of $115 to $195mm; 2) Strategy. Strategy is to focus on success metrics in 3 operating silos: 1) media; 2) connections; and 3) commerce. The
company stated it will cut costs and use the money saved to fund expansion in these 3 areas. Monetizing data is a key theme of this CEO."
Martin also noted that stock buybacks were significantly down in Q1 ($71 mln) vs. Q4 ($416 mln). Needham raises FY12 EPS estimates from $0.82 to $0.88.
For an analyst ratings summary and ratings history on Yahoo! click here. For more ratings news on Yahoo! click here.
Shares of Yahoo! closed at $15.01 yesterday.
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