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Stock Market & Financial Investment News

News Breaks
April 9, 2014
10:33 EDTORCL, MKTO, CTCTConstant 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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September 1, 2015
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08:01 EDTORCLOracle granted ATO by DoD
Oracle Service Cloud has received an Authority to Operate, or ATO, from the U.S Department of Defense, or DoD, under the DoD Cloud Security Model at security impact Level 4. The Oracle Service Cloud is Oracle's premier SaaS solution providing the industry's best-in-class customer service platform for enterprise customers.
August 31, 2015
16:10 EDTMKTOStephens to hold a tour
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August 28, 2015
07:39 EDTORCLOracle volatility elevated into Q1 and outlook
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August 27, 2015
10:06 EDTORCLCiti sees Workday guidance confusion as opportunity to buy
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August 26, 2015
06:44 EDTORCLWorkday valuation contingent on competitors in cloud market, WSJ reports
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August 25, 2015
19:16 EDTORCLTV service Hulu to feature programmatic ads powered by Facebook, Oracle
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07:24 EDTORCLRentrak weakness a buying opportunity, says Brean Capital
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August 20, 2015
11:49 EDTORCLOptions with increasing implied volatility
Options with increasing implied volatility: SRPT ACHN VIAV ZG RAD DIS ORCL SPY XLF OEX
10:00 EDTMKTOOn The Fly: Analyst Initiation Summary
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08:32 EDTORCLOracle agrees to acquire Maxymiser
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07:11 EDTMKTOMarketo initiated with a Positive at Susquehanna
Target $39.

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