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Stock Market & Financial Investment News

News Breaks
April 9, 2014
10:33 EDTCTCT, ORCL, MKTOConstant 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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July 27, 2015
06:58 EDTORCLOracle using 'nuclear option' to sell its cloud products, Business Insider says
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July 26, 2015
14:44 EDTCTCTAmazon cloud sales signal risk for traditional data storage, Barron's says
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July 24, 2015
10:00 EDTCTCTOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Abaxis (ABAX) downgraded to Hold from Buy at Canaccord... Buffalo Wild Wings (BWLD) downgraded to Neutral from Buy at Dougherty... CF Industries (CF) downgraded on nitrogen outlook at RBC Capital... Capital One (COF) downgraded to Neutral from Overweight at JPMorgan... Cepheid (CPHD) downgraded to Sell from Hold at Evercore ISI... Constant Contact (CTCT) downgraded to Neutral from Outperform at Baird... Equifax (EFX) downgraded to Neutral from Outperform at Baird... Hannover Re (HVRRY) downgraded to Underweight from Neutral at JPMorgan... IAMGOLD (IAG) downgraded to Underperform from Market Perform at Raymond James... MSA Safety (MSA) downgraded to Neutral from Accumulate at Global Hunter... MTU Aero (MTUAY) downgraded to Underperform from Buy at BofA/Merrill... Macy's (M) downgraded to Underweight from Neutral at Atlantic Equities... Sunesis (SNSS) downgraded to Hold from Buy at Cantor... Superior Drilling (SDPI) downgraded to Hold from Buy at Wunderlich... TrueCar (TRUE) downgraded to Equal Weight from Overweight at Stephens... United Rentals (URI) downgraded to Outperform from Top Pick at RBC Capital... WESCO (WCC) downgraded to Equal Weight from Overweight at Stephens.
06:37 EDTCTCTConstant Contact downgraded to Neutral from Outperform at Baird
Baird downgraded Constant Contact to Neutral and lowered its price target to $35 from $40 following mixed Q2 results. The firm has concerns related to recent challenges selling the Constant Contact bundle as product mix swung negatively and trial-to-conversion rates remain depressed.
06:35 EDTCTCTConstant Contact downgraded to Perform from Outperform at Oppenheimer
Oppenheimer downgraded Constant Contact to Perform following the company's Q2 results. "Lingering issues" are clouding the story, the firm tells investors.
July 23, 2015
19:06 EDTMKTOOn The Fly: After Hours Movers
UP AFTER EARNINGS: Amazon (AMZN), up 17.2%... Marketo (MKTO), up 15.4%... Juniper Networks (JNPR), up 9.9%... NetGear (NTGR), up 9.2%... Qlik Technologies (QLIK), up 9.1%... LogMeIn (LOGM), up 9.9%... Pandora (P), up 10.3%... Mitek Systems (MITK), up 7.8%... Proofpoint (PFPT), up 5.1%... Supreme Industries (STS), up 4.7%... Skyworks (SWKS), up 3.6%... IGI Laboratories (IG), up 3.7%... Maxim Integrated Products (MXIM), up 4.1%... Boyd Gaming (BYD), up 4.1%... Trinity Industries (TRN), up 5%... Trinity Industries (N), up 3.2%... Starbucks (SBUX), up 4.5%. ALSO HIGHER: Qorvo (QRVO), up 2.7% after Skyworks reported quarterly results. DOWN AFTER EARNINGS: TrueCar (TRUE), down 33.1% after reporting quarterly results and cutting fiscal 2015 revenue guidance... Tripadvisor (TRIP), down 9.2%... Align Technology (ALGN), down 7.4%... Capital One (COF), down 4.9%... PMC-Sierra (PMCS), down 9.1%... athenahealth (ATHN), down 2.1%. ALSO LOWER: Sunesis Pharmaceuticals (SNSS), down 59.7% after giving vosaroxin regulatory update... Avalanche Biotechnologies (AAVL), down 5.6% after CEO Thomas Chalberg, Jr., Ph.D. resigns and Hans Hull name interim CEO.
16:41 EDTCTCTConstant Contact narrows FY15 EPS view to $1.31$1.36 from $1.29-$1.38
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16:39 EDTMKTOMarketo sees FY15 EPS (75c)-(78c), consensus (83c)
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16:38 EDTCTCTConstant Contact sees Q3 non-GAAP EPS 37c-39c, consensus 40c
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16:38 EDTMKTOMarketo sees Q3 EPS (17c)-(19c), consensus (20c)
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16:37 EDTCTCTConstant Contact reports Q2 non-GAAP EPS 29c, consensus 22c
Reports Q2 revenue $91.5M, consensus $91.79M. Reports Q2 CapEx $10.5M vs. $8.1M a year ago. Q2 average monthly revenue per unique customer was $47.12, up from $47.09 in Q1 and up from $44.40 in 2Q14.
16:36 EDTMKTOMarketo reports Q2 EPS (16c), consensus (23c)
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06:32 EDTORCLOracle requests permission to update suit against Google, Reuters reports
Oracle (ORCL) has requested permission from a U.S. judge to update its copyright lawsuit against Google (GOOG) to include the Android operating system's current market dominance, Reuters reports. Oracle has said it wants the suit to add that Google continues its copyright infringement through updated versions of Android, the report says. Reference Link
July 21, 2015
14:24 EDTORCLEarnings Watch: EMC reports amid M&A speculation in sector
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09:09 EDTMKTOMarketo's marketing platform selected by Envera Systems
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07:15 EDTORCLOracle management to meet with Deutsche Bank
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July 20, 2015
07:07 EDTORCLOracle management to meet with Deutsche Bank
Meetings to be held in Montreal/Toronto on July 20 hosted by Deutsche Bank.
July 16, 2015
18:48 EDTORCLOracle drops largest copyright damages theory against Rimini Street
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11:39 EDTORCLOracle management to meet with Evercore ISI
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06:25 EDTORCLOracle announces 'disciplined reduction' in overall compensatoin
Oracle announced bonuses to Ellison, Catz and Hurd will be paid out at $0 in FY15, compared to 16% targe tin FY14. Oracle said that no performance-based cash bonuses will be awarded in years where no growth in non-GAAP pre-tax profits is achieved. PSU payouts are based on Oracle revenue growth and operating cash flow growth relative to select peer company performances. In connection with the management transition in 2015, the compensation committee canceled 1.5M equity equivalent shares of Ellison's FY15 equity award. The company announced option awards will be reduced to 5 year terms from 10 year terms in 2016, significantly reducing its value and maintaining long-term vest. Comments taken from slides for July Investor Presentation.
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