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
Check below for free stories on P the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
September 18, 2014
07:32 EDTPMKM Partners to hold a conference
Subscribe for More Information
September 17, 2014
11:47 EDTPStocks with call strike movement; PBR P
Subscribe for More Information
September 16, 2014
09:45 EDTPRumor: Pandora moves up on renewed activist speculation
Subscribe for More Information
07:27 EDTPBofA/Merrill to hold a conference
Subscribe for More Information
September 15, 2014
07:20 EDTPPandora ad trends improving in back half, says JPMorgan
JPMorgan believes Pandora's advertising is strengthening in the back half of 2014 with accelerating growth in ad revenue. The firm reiterates an Overweight rating on the stock with a $42 price target.
September 12, 2014
07:58 EDTPPandora outlook has improved, says Oppenheimer
Subscribe for More Information
September 11, 2014
15:45 EDTPPandora management getting savvier on content costs, says Maxim
Maxim said Pandora's (P) new multi-year rights agreement with BMG supports its view that management is getting more savvy on managing content costs. The firm also thinks the tone of Apple (AAPL) at its launch event suggests its service has yet to gain traction as a competitor to Pandora and that comments from Sirius XM's (SIRI) CFO indicate Pandora is gaining traction in car integration. The firm maintains it Buy rating and $35 price target on Pandora.
09:01 EDTPPandora strikes U.S. licensing deal with BMG
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