Rentrak Reports Fiscal 2016 First Quarter Financial Results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/23/2026
- Wall St tumbles on tech selloff as concerns about hawkish Fed, AI spending mount
- SpaceX extends losses after $600 billion wipeout, tech stocks slide again
- Oil steady as investors focus on Hormuz flows after peace talks
- South Korea leveraged ETF crisis sparks global chip selloff
- Trump announces nuclear deal with Iran, lifts Hormuz blockade
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
- 'Equal and opposite': BTIG's Krinsky sees sharp reversal ahead for chip stocks
Rentrak's (RENT) Underweight Rating Maintained at Albert Fried
August 11, 2015 1:09 PM EDTAlbert Fried & Company maintained an Underweight rating on Rentrak (NASDAQ: RENT) with a price target of $48. Comments follow Q1 results and guidance. Analyst Rich Tullo noted that FY16 was off to a "rough start," and warned competing technologies could supplant Rentrak.
"One of the core reasons why we downgraded RENT shares is the possibility that data would become a strategic weakness in the Rentrak model as Programmers and MVPDs seek to control STB user data following affiliate fee negotiations.... More
Rentrak (RENT) Tops Q1 EPS by 9c, Offers Outlook
August 10, 2015 4:06 PM EDTRentrak (NASDAQ: RENT) reported Q1 EPS of $0.10, $0.09 better than the analyst estimate of $0.01. Revenue for the quarter came in at $27.5 million versus the consensus estimate of $30.06 million.
Business Outlook
Rentrak reiterated its fiscal 2016 guidance and selected longer-term metrics, including:
Total company revenue... More