Endurance Int'l (EIGI) Posts Q3 GAAP Loss of 12c/Share

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Roth Capital Cuts Price Target on Constant Contact (CTCT) Following Announced Acquisition by Endurance International Group (EIGI)

November 3, 2015 7:09 AM EST

Roth Capital downgraded Constant Contact (NASDAQ: CTCT) to a Neutral rating (from Buy), and cut the price target to $32.00 (from $38.00), following the company's announcement that it will be acquired by Endurance International Group (NASDAQ: EIGI).... More

Cowen Downgrades Endurance International Group (EIGI) to Market Perform

November 2, 2015 1:44 PM EST

Cowen downgraded Endurance International Group (NASDAQ: EIGI) from Outperform to Market Perform with a price target of $12.00 (from $18.00) on subpar Q3 and Constant Contact deal.

Analyst Gregg Moskowitz commented, "EIGI reported roughly in line revenue and EBITDA, but organic growth decelerated again, and 4Q... More

Endurance International Group (EIGI) to Acquire Constant Contact (CTCT) for About $1.1B

November 2, 2015 7:02 AM EST

Endurance International Group Holdings, Inc. (NASDAQ: EIGI), and Constant Contact, Inc. (NASDAQ: CTCT) announced that the two companies have entered into a definitive agreement under which Endurance International will acquire all of Constant Contact's outstanding shares of common stock for $32.00 per share in cash, valuing Constant Contact at approximately $1.1 billion. The value represents a multiple of 12x 2015 estimated adjusted EBITDA, including cash on its balance sheet. Including expected synergies, this represents a multiple of 7x... More