New User:

-or-
Username:
Password:
Forgot your password?

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
Sign up for a free trial to see the rest of the stories you've been missing.
March 27, 2015
12:29 EDTPPandora mentioned as stock pick by Legg Mason's Miller on CNBC
Subscribe for More Information
March 26, 2015
07:24 EDTPWells Fargo to hold a forum
Subscribe for More Information
March 25, 2015
19:21 EDTPApple, Beats working on streaming music service to rival Spotify, NY Times says
Apple (AAPL) is working with Beats to introduce a subscription streaming service to compete directly with services such as Spotify, according to the New York Times, citing people briefed on the company’s plans. Additionally, Apple is expected to overhaul iTunes Radio, the free service that competes with Pandora (P), the Times added. Reference Link
March 24, 2015
08:43 EDTPBullish Pandora argument 'not compelling,' says FBR Capital
FBR Capital believes the bullish argument that Pandora's earnings could support the stock under a SoundExchange Copyright Royalty Board victory scenario is "not compelling." FBR sees a "high probability" that rates are set well above current levels, which it views as a potential "meaningful headwind" for Pandora shares. It keeps an Underperform rating on the name with an $11 price target. It believes SoundExchange has the "inside track" in the CRB proceeding.
March 23, 2015
16:00 EDTPAmazon adds Pandora-like stations to Prime Music app, The Verge reports
Subscribe for More Information
March 18, 2015
10:00 EDTPOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
09:23 EDTPOn The Fly: Pre-market Movers
Subscribe for More Information
06:28 EDTPPandora upgraded to Buy from Fair Value at CRT Capital
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