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Stock Market & Financial Investment News

News Breaks
April 15, 2014
10:16 EDTP, SIRIPandora rises after optimistic notes from analysts
Shares of Internet radio provider Pandora Media (P) are advancing after one research firm upgraded the stock and another remained upbeat on the shares. WHAT'S NEW: In a note to investors earlier today, research firm Maxim Group upgraded Pandora to Buy from Hold. After Pandora's stock tumbled nearly 40%, the shares have reached an attractive entry point, Maxim Group analyst John Tinker wrote. Noting that the Media Ratings Council accredited Triton's webcast measurement service, Tinker thinks this development will increase advertisers' confidence in Pandora's audience data. Pandora provides Triton's audience data to its advertisers. The Media Ratings Council was founded by the broadcast industry in the 1960s to review and accredit audience rating services, according to its website. Organizations that provide ratings for traditional radio also receive their accreditation from the council, Tinker wrote. Meanwhile, Pandora has received some favorable news regarding royalties in recent weeks, suggesting that its royalty rate will remain "manageable," the analyst added. He set a $55 price target on the shares. Separately, Pacific Crest analyst Corey Barrett wrote that Pandora would eventually become a "quintessential" part of high tech cars. Pandora's penetration of automobiles could match that of Sirius XM (SIRI) by 2017, the analyst predicted. Pandora's opportunity in cars should more than offset the increasing competition it is facing, and a slowdown in the growth of its mobile user growth in the near-term, Barrett believes. He kept a $45 price target and Outperform rating on the shares. PRICE ACTION: In early trading, Pandora climbed 72c, or 3%, to $26.
News For P;SIRI From The Last 14 Days
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July 25, 2014
09:25 EDTPOn The Fly: Pre-market Movers
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09:12 EDTPPandora reiterated as an Underweight at Albert Fried
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09:07 EDTPPandora shares should be bought on weakness, says Pacific Crest
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08:57 EDTPPandora sell-off overdone after solid Q2 results, says Cowen
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06:38 EDTPPandora weakness a buying opportunity, says Piper Jaffray
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06:06 EDTPPandora weakness a buying opportunity, says JPMorgan
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July 24, 2014
18:45 EDTPOn The Fly: After Hours Movers
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16:17 EDTPPandora share of total U.S. radio listening in June was 8.90%
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16:15 EDTPPandora Q2 total listener hours grew 29% to 5.04B
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16:07 EDTPPandora raises FY14 EPS view to 16c-19c from 14c-18c, consensus 17c
Raises FY14 revenue view to $895M-$915M from $880M-$900M, consensus $900.83M
16:05 EDTPPandora sees Q3 EPS 5c-8c, consensus 8c
Sees Q3 revenue $235M-$240M, consensus $234.6M.
16:03 EDTPPandora reports Q2 EPS 4, consensus 3c
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15:44 EDTPPandora July weekly 29 straddle priced for 9% move into Q2
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15:29 EDTPNotable companies reporting after market close
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14:32 EDTPPandora technical comments ahead of results
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05:49 EDTSIRIStocks with implied volatility movement; TLM SIRI
Stocks with implied volatility movement; Talisman Energy (TLM) 53, Sirius XM (SIRI) 26 according to iVolatility.
July 23, 2014
11:52 EDTPPandora July weekly volatility elevated into Q2 and outlook
Pandora July weekly call option implied volatility is at 161, August is at 63, September is at 55, January is at 50; compared to its 26-week average of 55 according to Track Data, suggesting large near term price movement into the expected release of Q2 results on July 24.
July 22, 2014
10:01 EDTPPandora advances after upbeat notes from analysts
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09:16 EDTPPandora should report strong Q2 results, says Pacific Crest
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07:35 EDTPPandora checks positive, says Oppenheimer
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