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Stock Market & Financial Investment News

News Breaks
April 9, 2014
10:33 EDTCTCT, MKTO, ORCLConstant Contact surges after preliminary Q1 revenue beats consensus
Shares of marketing tools maker Constant Contact (CTCT) are surging after the company reported preliminary first quarter revenue that exceeded analysts' projection. WHAT'S NEW: Last night, Constant Contact reported that it expected first quarter revenue to be between $78.7M-$78.8M, while analysts consensus view was $77.34M. The company raised its FY14 revenue guidance to approximately $330M, while analysts consensus had been just above $323M. Constant Contact, which had previously seen FY14 revenue growth of more than 13%, said its current revenue guidance of $330M represents more than 15.5% year-over-year revenue growth. WHAT'S NOTABLE: During Constant Contact's conference call, the company said that its better-than-expected first quarter revenue growth resulted from a strong performance from each of its growth levers, which include new customer additions, ARPU and retention. The company said it added 50K gross customers and 10K net new customers in the first quarter. Looking ahead to the balance of FY14, Constant Contact said it expects that the gains in the first quarter will flow through the remainder of the year. The company noted that the increase of its FY14 revenue guidance represents a new baseline with opportunities for further gains over the course of the year. In the coming weeks, Constant Contact also said it is planning to launch Toolkit, which is a new integrated business platform offering to small businesses that had previously only been available to larger enterprises. ANALYSTS REACTION: Dougherty upgraded Constant Contact today following the better than anticipated preliminary first quarter results that the company announced yesterday, taking its rating on the shares up to Hold from its prior Sell rating. PRICE ACTION: During morning trading, shares of Constant Contact rose 27.5% to $27.95. OTHERS TO WATCH: Other providers of marketing software and solutions include Marketo (MKTO) and Responsys, which was recently acquired by Oracle (ORCL).
News For CTCT;MKTO;ORCL From The Last 14 Days
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October 17, 2014
08:17 EDTMKTOMarketo should be owned into year end, says JMP Securities
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October 14, 2014
09:12 EDTCTCTConstant Contact partners with vCita
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October 9, 2014
16:49 EDTORCLOracle hires former director of engineering from Google, Re/code reports
Oracle (ORCL) hired Peter Magnusson, former director of engineering at Google (GOOG) and VP of engineering at Snapchat, two weeks ago in a move to improve its cloud computing business, Re/code reports, citing sources familiar with the move. Reference Link
October 8, 2014
08:35 EDTMKTOMarketo and Preact partner for customer behavior prediction
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October 7, 2014
07:36 EDTMKTOMarketo pullback yesterday a buying opportunity, says JMP Securities
JMP Securities recommends using yesterday's 8% pullback in shares of Marketo as a buying opportunity. The firm raised its Q3 billings estimate to $39M from $38.2M and believes the tone of the business is strong. It keep an Outperform rating on the stock with a $50 price target.
October 6, 2014
10:04 EDTORCLOn The Fly: Analyst Upgrade Summary
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07:53 EDTORCLOracle upgraded to Buy from Neutral at DA Davidson
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