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Stock Market & Financial Investment News

News Breaks
July 25, 2014
13:42 EDTPPandora tumbles after guidance miss but analysts remain upbeat
Shares of music streaming company Pandora (P) are falling after the company reported a slightly higher than expected second quarter profit and in-line revenue, but the midpoint of its third quarter profit guidance came in below analysts' consensus estimate. A number of analysts recommended buying the stock on its weakness today. WHAT'S NEW: Pandora reported second quarter earnings per share of 4c, compared with analysts' consensus estimate of 3c. The company's revenue was in-line with expectations and its total listening hours rose 29% year-over-year. However, the music streaming company provided Q3 EPS guidance of 5c-8c, versus analysts' consensus outlook of 8c. Pandora, however, raised its full-year EPS guidance to 16c-19c from 14c-18c, versus the consensus outlook of 17c. ANALYST REACTION: In a note to investors, Piper Jaffray analyst James Marsh recommended that investors buy Pandora on weakness today. The company is very much on track, as it posted solid listener growth and its monetization is quickly improving, Marsh stated. Pacific Crest analyst Corey Barrett also recommended that investors buy Pandora today. The company's advertising sales per sales employee has risen in each of the past two quarters, versus the same period a year earlier, the analyst wrote. As a result, Barrett is confident that the company can increase its monetization sufficiently to meet its updated 2014 guidance. Barrett kept a $45 price target and Outperform rating on the shares. PRICE ACTION: In mid-afternoon trading, Pandora sank $3.50, or 12%, to $25.
News For P From The Last 14 Days
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April 24, 2015
09:20 EDTPOn The Fly: Pre-market Movers
UP AFTER EARNINGS: eHealth (EHTH), up 24.7%... Starbucks (SBUX), up 4.2%... Microsoft (MSFT), up 5.2%... Google (GOOG, GOOGL), up 3.2% and up 3.7%, respectively... Amazon (AMZN), up 12% after reporting quarterly results and announcing shopping app for Apple Watch... Gigamon (GIMO), up 16.5%... Juniper Networks (JNPR), up 6.6%. ALSO HIGHER: Molycorp (MCP), up 10.2% following a Bloomberg report that China's export tax decision may boost rare earth demand... Mattel (MAT), up 4.4% after being upgraded to Buy from Neutral at Goldman... Innocoll (INNL), up 13.1% after 3.3M share Secondary priced at $9.00... Cytosorbents (CTSO), up 9.7% after CEO comments on CytoSorb in letter to shareholders. DOWN AFTER EARNINGS: Biogen (BIIB), down 4.7%... Altera (ALTR), down 1.7%... Pandora (P), down 4%... ResMed (RMD), down 8.7%... Xerox (XRX), down 4.7%... HomeAway (AWAY), down 3.6% after reporting quarterly results and departure of officers. ALSO LOWER: Ubiquiti (UBNT), down 14.4% following CFO resignation and preliminary third quarter results... 3D Systems (DDD), down 10.4% after reporting preliminary first quarter results... StemCells (STEM), down 23.2% after filing to sell common stock... Aerie Pharmaceuticals (AERI), down 54.7% after Rhopressa Phase 3 trial did not meet primary endpoint.
07:45 EDTPPandora revenue outlook trumps listener growth, says Canaccord
Canaccord noted Pandora reported strong Q1 revenue growth and believes it bodes well for the rest of the year. The firm believes investors may not warm up to the stock until there is more clarity on costs, but believes the current share price will prove to be a bargain. Canaccord reiterated its Buy rating but lowered its price target to $26 from $28 on Pandora shares.
April 23, 2015
19:16 EDTPOn The Fly: After Hours Movers
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16:43 EDTPPandora drops after results
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16:07 EDTPPandora Q1 total listener hours 5.3B, growing 11% from last year
Reports 79.2M active listeners at end of Q1 versus 75.3M last year. Reports total mobile revenue $181.1M, up 23% from last year on GAAP basis and 35% on non-GAAP basis.
16:06 EDTPPandora sees FY15 revenue $1.16B-$1.18B, consensus $1.16B
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16:05 EDTPPandora sees Q2 revenue $280M-$285M, consensus $281.63M
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16:04 EDTPPandora reports Q1 adjusted EPS (12c), consensus (16c)
Reports Q1 revenue $230.76M, consensus $224.56M.
15:01 EDTPNotable companies reporting before tomorrow's open
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15:00 EDTPNotable companies reporting after market close
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12:39 EDTPPandora April weekly volatility elevated into Q1 and outlook
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April 22, 2015
09:38 EDTPPandora to benefit from premium programmatic platform at OTR Global
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April 20, 2015
12:02 EDTPPandora April weekly volatility elevated into Q1 and growth outlook
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April 13, 2015
09:16 EDTPPandora gaps up, levels to watch
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08:42 EDTPPandora rises after Spotify reportedly valued above $8B in fundraising
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07:16 EDTPTechWeek to hold a conference
TechWeek Detroit 2015 is being held in Detroit on 4/13-19.

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