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Stock Market & Financial Investment News

News Breaks
July 22, 2014
12:53 EDTRP, Z, CSGPRealPage likely being presented with strategic alternatives, says Barrington
Barrington says it suspects RealPage is being presented with strategic alternatives amid the company's execution issues. Barrington points out that private equity firms have a history of acquiring struggling SaaS businesses, and it believes any deal could occur near its price target of $25. The firm lists potential acquirers of RealPage as Vista Equity, Costar (CSGP), Zillow (Z) and privately]held Yardi. Barrington views shares of RealPage as undervalued and keeps an Outperform rating on the stock.
News For RP;Z;CSGP From The Last 14 Days
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October 30, 2014
12:31 EDTCSGPCoStar says analyst FY15 revenue consensus may not factor in some variables
CoStar management stated on its earning conference call earlier that the company expects FY15 revenue trends to be impacted by the repositioning of LoopNet as well as the full year impact of its decision to discontinue non-core services at Apartments.com. Management also said that while the company's budget process has just begun and that it is not ready to provide an FY15 guidance range, that it will factor both of these items into its model and that it does not believe the current consensus revenue estimate of $670M factors in those two elements.
12:08 EDTCSGPCoStar Group says FY15 an 'investment year,' see FY16 growth rates higher
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12:04 EDTCSGPCoStar Group raises FY14 EPS view to $3.22-$3.26, consensus $3.09
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12:03 EDTCSGPCoStar Group sees Q4 EPS 85c-89c, consensus 80c
CoStar Group stated last night that it has already started to reinvest some of the benefits of its recent strong performance to expand core research efforts to support continued growth in owner and institutional investor customer verticals, to support Apartments.com and to prepare for expansion into new Canadian markets in 2015. The impact of these investments is expected to be $4M-$5M, or 7c-9c of non-GAAP net income per diluted share, in Q4 and approximately $20M-$25M for FY15.
October 29, 2014
16:57 EDTCSGPCoStar Group reports Q3 EPS 87c, consensus 79c
Reports Q3 revenue $153.1M, consensus $150.87M.
16:10 EDTZTrulia not providing Q4 outlook for revenue, EBITDA due to Zillow transaction
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07:28 EDTZZillow November weekly volatility elevated into Q3 and outlook
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October 23, 2014
18:29 EDTRPRealPage draws interest from prospective buyers, FT reports
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October 20, 2014
07:24 EDTZZillow November weekly volatility elevated into Q3 and outlook
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