New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 26, 2014
09:40 EDTPRumor: Pandora strength attributed to takeover speculation
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.
1 | 2 | all recent P news | >>
July 24, 2015
12:54 EDTPOn The Fly: Top stock stories at midday
Subscribe for More Information
11:51 EDTPPandora soars after results, guidance top estimates
Shares of internet radio provider Pandora (P) are rising after the company’s second quarter results beat analysts' expectations. The company's third quarter and fiscal year 2015 revenue outlooks also exceeded the consensus. WHAT'S NEW: Thursday after the bell, Pandora reported Q2 adjusted earnings per share of 5c and revenue of $285.56M, easily topping analysts’ consensus estimates of 2c and $283.06M, respectively. Adjusted EBITDA for the quarter was $16.3M, a 29% year-over-year improvement. The company also said that total RPMs increased 24% to $53.91 in Q2, ad RPMs grew 25% to $49.94, ad revenue was $230.9M and said total mobile revenue was $229.7M. For the quarter, total listener hours increased 5% to 5.3B and active listeners were 79.4M at the end of Q2 compared to 76.4M from the same period last year. Looking ahead to Q3, the company forecast revenue of $310M-$315M, slightly ahead of analysts' consensus estimates of $309.2M, and sees Q3 adjusted EBITDA of $25M-$30M. For FY15, Pandora forecast revenue of $1.175B-$1.185B, slightly better than analysts' consensus of $1.17B. Pandora also sees FY15 adjusted EBITDA of $75M-$85M and a tax rate of 30%-35%. WHAT’S NOTABLE: Brian McAndrews, the company's Chief Executive Officer, commented on Apple Music, Apple's (AAPL) recently launched music streaming service. McAndrews said that since the app launched at the end of June, "there was no impact yet" to Pandora. Going forward, McAndrews said that the company "feels really good about our trajectory and competitive position," noting that "there could be some users that experiment with [Apple Music] and there could be some short-term impact." McAndrews does not see any long-term impact from the Apple app. ANALYST REACTION: This morning, analyst commentary has been mixed. Research firm Stifel said Pandora's outlook remains favorable. Stifel said that the company plans to intensify its marketing efforts during the seasonally stronger 2H15 and that the company's outlook for 2H15 has improved following the results. The firm kept a $25 price target and Buy rating on the shares. Another firm, JMP Securities, said Pandora’s mobile trends were encouraging, but said it will stay on sidelines until the company's user trends accelerate and its royalty case concludes. JMP Securities kept a Market Perform rating on the shares. PRICE ACTION: In late morning trading, Pandora rose $2.05, or about 14.8%, to $15.93 on nearly twice its average daily trading volume. Despite today’s advance, the shares have fallen approximately 45% over the past year.
10:34 EDTPOptions with decreasing implied volatility
Subscribe for More Information
10:00 EDTPOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
09:18 EDTPPandora upgraded to Overweight from Market Perform at Albert Fried
Subscribe for More Information
09:14 EDTPOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Amazon (AMZN), up 20.7%... Pandora (P), up 10.3%... Juniper (JNPR), up 9.1%... Visa (V), up 6.7%... Starbucks (SBUX), up 5%... Skyworks (SWKS), up 2.6%... American Airlines (AAL), up 2.1%. ALSO HIGHER: SolarCity (SCTY), up 2.5% after being upgraded to Outperform from Neutral at Baird. DOWN AFTER EARNINGS: Tripadvisor (TRIP), down 8.5%... Biogen (BIIB), down 14.1%.
09:11 EDTPPandora mobile trends encouraging but stay on sidelines, says JMP Securities
After Pandora reported stronger than expected results, JMP Securities says it was encouraged by Pandora’s continued execution on mobile monetization. However, the firm says it will remain on the sidelines on the stock until the company's user trends accelerate and its royalty case concludes. JMP Securities keeps a Market Perform rating on the shares
08:56 EDTPPandora results underscore growth and stability, says Canaccord
Canaccord views Pandora's Q2 results as strong and said its ad revenue underscores its inherent growth and stability. The company maintained its revenue and earnings guidance, leading Canaccord to reiterate its Buy rating and $26 price target on Pandora shares.
08:26 EDTPPandora outlook remains favorable, says Stifel
Subscribe for More Information
July 23, 2015
19:06 EDTPOn 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.
16:16 EDTPPandora reports Q2 adjusted EPS 5c, consensus 2c
Subscribe for More Information
16:10 EDTPPandora sees FY15 revenue $1.175B-$1.185B, consensus $1.17B
Sees FY15 adjusted EBITDA $75M-$85M. Sees tax rate 30%-35%.
16:08 EDTPPandora rallies sharply, levels to watch
Subscribe for More Information
16:08 EDTPPandora sees Q3 revenue $310M-$315M, consensus $309.2M
Subscribe for More Information
16:07 EDTPPandora reports total Q2 RPMs up 24% to $53.91
Subscribe for More Information
15:04 EDTPNotable companies reporting after market close
Subscribe for More Information
July 22, 2015
08:08 EDTPPandora has reached attractive entry point, says Oppenheimer
Subscribe for More Information
July 15, 2015
09:34 EDTPPandora downgraded to Mixed from Positive at OTR Global
Subscribe for More Information
06:03 EDTPStocks with implied volatility above IV index mean; P HLF
Subscribe for More Information
July 14, 2015
05:59 EDTPStocks with implied volatility above IV index mean; P HLF
Subscribe for More Information
1 | 2 | all recent P news | >>

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