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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
Check below for free stories on CTCT;MKTO;ORCL the last two weeks.
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July 31, 2014
08:29 EDTORCLOracle acquires TOA Technologies
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July 29, 2014
07:51 EDTORCLOracle extends expiration date of tender offer for MICROS to August 15
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July 28, 2014
08:49 EDTORCLOracle to benefit over longer term from shift to cloud, says Pacific Crest
Pacific Crest believes that the shift to Oracle's cloud products may result in a drop in the company's maintenance revenue initially. The firm thinks the company will ultimately collect more revenue from its customers, although the margins may decline. Pacific Crest thinks that Oracle is "making solid progress" in the cloud and Big Data. It views the stock's valuation as compelling and keeps an Outperform rating on the shares.
July 25, 2014
08:56 EDTCTCTConstant Contact price target raised to $47 from $37 at Roth Capital
Roth Capital increased its price target on Constant Contact after the company reported higher than expected Q2 EPS. The firm thinks the company's share buybacks have significantly increased its value for shareholders. Roth views the stock's valuation as highly attractive and keeps a Buy rating on the shares.
08:36 EDTCTCTConstant Contact price target raised to $40 from $37 at Canaccord
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06:35 EDTORCLEU poised to decide on Oracle, MICROS agreement, Reuters says
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July 24, 2014
16:55 EDTMKTOMarketo raises FY14 EPS view to (93c)-(89c) from ($1.06)-($1.00)
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16:53 EDTMKTOMarketo sees Q3 EPS (27c)-(25c), consensus (25c)
Sees Q3 revenue $36.5M-$37.5M, consensus $35.8M.
16:52 EDTMKTOMarketo reports Q2 EPS (17c), consensus (30c)
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16:43 EDTCTCTConstant Contact announces $30M share repurchase plan
Under the share repurchase program, Constant Contact is authorized to repurchase up to $30M of the company's common stock. The company intends to purchase shares pursuant to a 10b5-1 trading plan through July 2015.
16:42 EDTCTCTConstant Contact backs FY14 adjusted EPS view $1.02, consensus $1.02
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16:40 EDTCTCTConstant Contact sees Q3 adjusted EPS 32c-33c, consensus 34c
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16:39 EDTCTCTConstant Contact reports Q2 adjusted EPS 22c, consensus 19c
Reports Q2 revenue $81.3M, consensus $81.17M. Gross margin was 72.8%, compared to 70.7% for the comparable period in 2013.
July 23, 2014
09:20 EDTMKTOMarketo initiated with an Overweight at First Analysis
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09:07 EDTMKTOMarketo partners with Cal Poly for marketing curricula development
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July 18, 2014
13:59 EDTMKTOMarketo could be 'interesting' target for SAP, says JMP Securities
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10:19 EDTMKTOMarketo mentioned positively at Raymond James
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