New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
August 5, 2014
10:37 EDTSALE, GOOGRetailMeNot plunges after results miss, guidance cut
Shares of Internet coupon provider RetailMeNot (SALE) are tumbling after the company last night reported weaker than expected results and cut its guidance. A number of analysts reacted negatively to the news. WHAT'S NEW: RetailMeNot reported second quarter earnings per share of 8c, compared with analysts' consensus estimate of 17c. The company's revenue came in below expectations. Moreover, RetailMeNot reduced its fiscal 2014 revenue outlook to $262M-$270M from $276M-$282M. Analysts' consensus estimate was $282.1M. The company blamed changes in Google's (GOOG) search algorithms for the reduction in its guidance. "Overall we saw strong growth in consumer usage and engagement across platforms," said RetailMeNot CEO Cotter Cunningham. ANALYST REACTION: In a note to investors today, RBC Capital analyst Mark Mahaney responded to the news by downgrading the stock to Sector Perform from Outperform. Mahaney wrote that he was surprised by the size of the company's guidance cut, but still believes that it may not meet its new, reduced guidance. Moreover, competition from Google could intensify going forward, and RetailMeNot isn't inexpensive despite the decline in the shares, the analyst believes. He cut his price target on the stock to $24 from $42. Jefferies analyst Brian Pitz reacted to the news by cutting his price target on the shares to $36 from $47. However, Pitz believes that the damage to the company from Google's algorithm changes is now priced into the stock. Moreover, he is "cautiously optimistic" that RetailMeNot can find other ways of generating traffic, and is still upbeat on the outlook for online couponing. Pitz views the stock as one of the cheapest names among ecommerce companies he covers, and he kept a Buy rating on the stock. PRICE ACTION: In early trading, RetailMeNot tumbled 24% to $19.
News For SALE;GOOG From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent news | >>
December 17, 2014
06:44 EDTGOOGGoogle opponents lobbying state attorneys general, NY Times says
Subscribe for More Information
06:12 EDTGOOGBaidu to take stake in Uber, Reuters reports
Subscribe for More Information
December 16, 2014
14:50 EDTGOOGGoogle volatility increases as shares trends to 13-month low
Google December call option implied volatility is at 27, January is at 26, February is at 29, March is at 27; compared to its 26-week average of 22 according to Track Data, suggesting large near tem price movement.
10:01 EDTGOOGGoogle, Verizon enter into global patent licensing agreement
Subscribe for More Information
06:57 EDTGOOGGoogle price target lowered to $600 from $670 at JPMorgan
Subscribe for More Information
06:25 EDTGOOGGoogle facing Dutch privacy fine of up to $19M, WSJ reports
Subscribe for More Information
December 15, 2014
15:05 EDTGOOGGoogle to step up challenge to Amazon with new shopping features, WSJ says
Subscribe for More Information
12:41 EDTGOOGGoogle to shutter Russian engineering office, Guardian reports
Subscribe for More Information
12:36 EDTGOOGVringo will seek Supreme Court review of court's reversal of Google judgement
Subscribe for More Information
06:32 EDTGOOGUnwired Planet commented on Google Markman ruling
Subscribe for More Information
December 12, 2014
09:35 EDTGOOGActive equity options trading
Subscribe for More Information
07:30 EDTGOOGAmazon forced to remove app from Google Play store, TechCrunch reports
Subscribe for More Information
07:18 EDTGOOGCato Institute holds a conference
2014 Cato Institute Surveillance Conference is being held in Washington, D.C. on December 12 with webcasted presentations to begin at 9 am. Webcast Link
06:05 EDTGOOGGoogle to shut down engineering operations in Russia, The Information reports
Subscribe for More Information
December 11, 2014
10:17 EDTGOOGCiti upbeat on Google in face of pending Apple decision on Safari
Subscribe for More Information
08:53 EDTGOOGBritain lays out details for proposed 25% 'Google Tax,' WSJ reports
U.S. technology giants such as Google (GOOGL, GOOG), Facebook (FB), Microsoft (MSFT) and Apple (AAPL) have come under fire in Britain for the relatively small corporate taxes they pay there and the U.K. government detailed plans for a new 25% tax on profits of multinational technology and other companies, reported The Wall Street Journal. Reference Link
08:09 EDTGOOGGoogle shares pricing in loss of Apple search deal, says Citigroup
Subscribe for More Information
06:17 EDTGOOGGoogle to shut Google News service in Spain
Subscribe for More Information
December 9, 2014
06:14 EDTGOOGGoogle launches Street View in Dubai
Subscribe for More Information
06:00 EDTGOOGSalesforce.com names YouTube CEO Susan Wojcicki to board
Subscribe for More Information
1 | 2 | all recent news | >>

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