New User:

-or-
Username:
Password:
Forgot your password?

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
Sign up for a free trial to see the rest of the stories you've been missing.
September 2, 2015
07:38 EDTPPandora listening hours soft but ad revenue strong, says Canaccord
Canaccord noted Pandora's July listening hours were soft but its ad revenue in Q2 was strong as the company is being more selective in the area of proactively seeking engagement from high-RPM listeners. Canaccord reiterated its Buy rating and $26 price target on Pandora shares.
September 1, 2015
11:51 EDTPPandora announces service to be ad-free on September 9
Subscribe for More Information
August 31, 2015
09:09 EDTPMP Associates to hold a conference
Subscribe for More Information
August 27, 2015
10:31 EDTPPandora calls active
Subscribe for More Information
10:23 EDTPRumor: Pandora moves up on renewed takeover chatter
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the theflyonthewall.com disclaimer & terms of use