Jefferies Slashes Numbers on Velti (VELT) Post-Q3, But Keeps 'Buy' Rating
- Wall Street stocks fall as weak GDP growth spreads rate-cut gloom
- Q1 US GDP shows surprise slowing and uncomfortable inflation
- Meta shares dip on softer Q2 revenue guidance, elevated AI spending plans
- Oil steadies as US fuel demand concerns face Middle East supply risks
- Dollar sags after US GDP and inflation surprise, except against yen
- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
- Hasbro (HAS) brand strength sees earnings top expectations
- Meta Platforms (META) Tops Q1 EPS by 39c, Offers Guidance
- Seagate Technology (STX) Enters $600M Asset Purchase Agreement with Avago
- Rubrik (RBRK) Prices Upsized 23.5M Share IPO at $32/sh
- Midday movers: Meta, IBM, Caterpillar fall; Chipotle rises
- After-hours movers: Meta, Ford, IBM, ServiceNow and more
- Midday movers: Tesla, Boeing rise; Uber, Old Dominion Freight fall
- After-hours movers: Tesla, Texas Instruments, Seagate, Visa and more
- Midday movers: PepsiCo, JetBlue fall; GM, Danaher and UPS rise
Needham & Company Downgrades Velti (VELT) to Hold
November 15, 2012 10:56 AM ESTNeedham & Company downgraded Velti (NASDAQ: VELT) from Buy to Hold following weak Q3 results and outlook.
For an analyst ratings summary and ratings history on Velti click here. For more ratings news on Velti click here.
Shares of Velti closed at $6.64 yesterday, with a 52 week range of $4.99-$14.65.... More
Velti plc (VELT) Misses Q3 EPS by 6c, Lowers Q4 Guidance
November 14, 2012 4:05 PM ESTVelti plc (NASDAQ: VELT) reported Q3 EPS of ($0.03), $0.06 worse than the analyst estimate of $0.03. Revenue for the quarter came in at $62.4 million versus the consensus estimate of $62.05 million.
Velti plc sees Q4 2012 revenue of $97.1-113.1 million, versus the consensus of $121.17 million.
... More