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Stock Market & Financial Investment News

News Breaks
March 8, 2013
10:23 EDTPPandora climbs following results, CEO resignation
Internet music platform Pandora (P) is surging after reporting stronger than expected fourth quarter revenues and non-GAAP losses that were less than forecast by analysts. Moreover, the company reported that its listener hours jumped 53% last quarter, reaching 4.05B. The company's fiscal 2013 earnings per share guidance was in-line with expectations, although the midpoint of its full-year revenue guidance came in well above the consensus estimate. Also, Pandora announced that its CEO, Joseph Kennedy, had resigned and that the company would begin searching for his successor. A number of analysts were more upbeat about Pandora following the news. In a note to investors earlier today, Piper Jaffray analyst James Marsh upgraded the stock to Overweight from Neutral. Pandora's ability to raise revenue from its mobile listeners has improved and the stock should be on the cusp of an upward trend as a result, wrote Marsh, who hiked his price target on the stock to $17 from $11. Also upbeat on Pandora was Stifel Nicolaus analyst Jordan Rohan. Pandora's lead in Internet radio is increasing and the company's mobile ad rates rose significantly year-over-year, Rohan wrote. Investors should buy Pandora's stock at this time as the company should continue to beat revenue and margin expectations, the analyst believes. Rohan increased his price target on Pandora to $17.50 from $14 and maintained a Buy rating on the shares, which rallied $2.50, or 21.50%, to $14.20 in early trading.
News For P From The Last 14 Days
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October 20, 2014
07:24 EDTPPandora expected to meet/beat high-end of Q3 guidance, says Wedbush
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October 17, 2014
10:31 EDTPPandora calls active on renewed speculation of an activist investor
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10:20 EDTPPandora spikes higher, levels to watch
Shares are up 3% to $22.70 on a sharp spike in the last ten minutes. At current price resistance is at $23.23. Support is at $22.45, the opening price of the day.
10:16 EDTPRumor: Pandora moves up on renewed speculation of an activist investor
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October 15, 2014
10:50 EDTPPandora November volatility elevated into Q3 and outlook
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October 13, 2014
07:22 EDTPSony/ATV could ditch licensing firms due to streaming dollars, NY Post reports
Sony/ATV Music Publishing (SNE) is considering no longer dealing with performance rights groups BMI and ASCP, and instead negotiating directly with online music services like Pandora (P), YouTube (GOOG) and Spotify due to outdated rules and low royalties, the New York Post reports. Reference Link
October 9, 2014
14:10 EDTPShazam, Sun Broadcasting to launch customized, interactive radio content
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08:02 EDTPPandora announces new auto partnership with Ford Australia
Pandora (P) Internet Radio has officially announced its partnership with Ford (F) Australia. The launch, effective across a range of nameplates including Fiesta ST and Focus ST and Ford Kuga line up, will continue to roll out across other Ford nameplates including the Fiesta, Focus, Ranger and Transit range by early 2015. Pandora locally also partners with Holden and Mazda, and will soon be released on new model Nissans (NSANY).
07:29 EDTPPandora 2016 EBITDA likely to beat consensus, says Oppenheimer
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October 6, 2014
07:13 EDTPMobile Marketing & Technology Magazine to hold a conference
Mobile Payments Conference is being held in Chicago on October 6-8.

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