Needham & Company Maintains a 'Buy' on ValueClick (VCLK); Coming In Ahead, Going Out Mixed
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Price: $21.00 --0%
Rating Summary:
4 Buy, 10 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
4 Buy, 10 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Needham & Company maintains a 'Buy' on ValueClick, Inc (NASDAQ: VCLK) price target of $20.00 (from $22.00).
Analyst, Kerry Rice, said, "Guidance mixed as Europe (FX and macro), weaker Affiliate Marketing and accelerating ramp down of paid traffic sites modestly weighed on revenue. Importantly, Media revenue growth remained strong. Operating leverage improved, lifting EBITDA margins and EPS above expectations, which we believe is sustainable in 2H. While revenue guidance was below expectations, we believe new product launches, cross-selling opportunities, and an uptick in e-commerce could reaccelerate revenue growth."
FY12 EPS estimate raised from $1.14 to $1.20 and FY13 from $1.30 to $1.35.
Rice said that if shares open lower, expect VCLK management to be active repurchasing shares.
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 $15.53 yesterday.
Analyst, Kerry Rice, said, "Guidance mixed as Europe (FX and macro), weaker Affiliate Marketing and accelerating ramp down of paid traffic sites modestly weighed on revenue. Importantly, Media revenue growth remained strong. Operating leverage improved, lifting EBITDA margins and EPS above expectations, which we believe is sustainable in 2H. While revenue guidance was below expectations, we believe new product launches, cross-selling opportunities, and an uptick in e-commerce could reaccelerate revenue growth."
FY12 EPS estimate raised from $1.14 to $1.20 and FY13 from $1.30 to $1.35.
Rice said that if shares open lower, expect VCLK management to be active repurchasing shares.
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 $15.53 yesterday.
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