Canaccord Genuity in Technology/Internet: Monthly Analysis of Sector Milestones, Company Operating Metrics

Canaccord Genuity in Technology/Internet: Monthly Analysis of Sector Milestones, Company Operating Metric, Etc

Analyst, Michael Graham, on covered stocks, said the most positive reads are coming from Google (Nasdaq: GOOG), IAC/InterActiveCorp (Nasdaq: IACI) and Pandora (NYSE: P).

Most negative reads are coming from Bankrate, Inc. (Nasdaq: RATE), HomeAway, Inc. (Nasdaq: AWAY) and Zynga (Nasdaq: ZNGA).

Biggest changes in the past month include: AWAY, RATE, and Glu Mobile, Inc. (Nasdaq: GLUU)

Graham, said, "Over the past month, the SMID-cap Internet stocks we track (23 SMID cap names) returned negative 4.3%, while large-cap Internet (7 large caps) returned 7.5%, compared with S&P 500’s 2.3%. Year-to-date, both SMID cap Internet and large-cap Internet stocks have significantly outperformed the S&P 500 index. SMID Cap Internet stocks have returned 22.7% YTD, while large-cap Internet stocks have returned 22.2% compared with S&P 500’s 14.3%."

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