Rentrak Reports Fiscal 2016 First Quarter Financial Results
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Go back to Rentrak Reports Fiscal 2016 First Quarter Financial Results
August 11, 2015 1:09 PM EDT
Albert 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
August 10, 2015 4:06 PM EDT
Rentrak (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...
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