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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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December 19, 2014
06:13 EDTPPandora implied volatility of 52 at lower end of index mean range
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December 18, 2014
07:27 EDTPPandora weakness a buying opportunity for long-term investors, says Canaccord
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December 16, 2014
09:17 EDTPInternet sector upgraded to Attractive from Neutral at Goldman
Goldman upgraded the Americas Internet sector to Attractive to Neutral based on more reasonable valuations, reduced expectations, and strong sector growth. As part of the sector change, the firm upgraded GrubHub (GRUB) to Buy from Neutral, downgraded Shutterfly (SFLY) to Neutral from Buy, and lowered Priceline (PCLN) to Buy from Conviction Buy.
December 11, 2014
12:42 EDTPPandora management to meet with William Blair
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December 10, 2014
09:14 EDTPPandora price target lowered to $24 from $30 at Credit Suisse
Credit Suisse lowered Pandora's price target to $24 to reflect marketing spend and platform fees paid out to Google and Apple for Pandora One. Shares are Neutral rated.
December 9, 2014
07:22 EDTPBMO Capital to hold a conference
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December 8, 2014
10:46 EDTPPandora calls active on renewed takeover speculation
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10:36 EDTPRumor: Pandora moves up on renewed takeover chatter

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