Shares of Rocket Fuel, (NASDAQ: FUEL ) jumped more than 13% Thursday after analysts at Needham upgraded the artificial intelligence advertising solutions stock from buy to strong buy, simultaneously assigning a $75 per share price target.
So what: Investors are right to be excited considering that the number represents a more than 30% premium to today's close, which settled just under $57 per share.
To explain the move, Needham's Kerry Rice noted the firm's channel checks remained positive across the entire advertising technology sector, and that they believe recent concerns revolving around the "future of cookies and an industry shift toward a self-service license model [are] overblown."
Rice also noted that part of Rocket Fuel's recent fall can be blamed on the poor performance of other ad tech plays, perhaps most notably, video advertising specialist Tremor Video, which fell 49% in a single day last month following its own disappointing third-quarter results.
Now what: Remember, however, that Rocket Fuel isn't expected to turn profitable until 2015. www.fool.com/investing/general/2013/12/19/...oared-higher.aspx
etwas älter aber wichtig:
Rocket Fuel's Q3 Earnings Show Sky-High Growth
... investors couldn't have asked for much better results than what they got - especially in terms of revenue and client growth. Here are some highlights (you can find more details here):
Third quarter revenue increased 132 % from Q3 2012 to $62.5 million
Active customers climbed to 938 from 406 at this time last year and up from 784 as of June 30th of this year
Non-display channels more than tripled as a percentage of revenues
Q4 revenue is projected between $74 and $77 million
seekingalpha.com/article/...Heres-Why-The-Growth-Will-Continue
scheint mir die bessere Wahl im Adtech Sektor als Criteo,die sich wenig bewegen
So what: Investors are right to be excited considering that the number represents a more than 30% premium to today's close, which settled just under $57 per share.
To explain the move, Needham's Kerry Rice noted the firm's channel checks remained positive across the entire advertising technology sector, and that they believe recent concerns revolving around the "future of cookies and an industry shift toward a self-service license model [are] overblown."
Rice also noted that part of Rocket Fuel's recent fall can be blamed on the poor performance of other ad tech plays, perhaps most notably, video advertising specialist Tremor Video, which fell 49% in a single day last month following its own disappointing third-quarter results.
Now what: Remember, however, that Rocket Fuel isn't expected to turn profitable until 2015. www.fool.com/investing/general/2013/12/19/...oared-higher.aspx
etwas älter aber wichtig:
Rocket Fuel's Q3 Earnings Show Sky-High Growth
... investors couldn't have asked for much better results than what they got - especially in terms of revenue and client growth. Here are some highlights (you can find more details here):
Third quarter revenue increased 132 % from Q3 2012 to $62.5 million
Active customers climbed to 938 from 406 at this time last year and up from 784 as of June 30th of this year
Non-display channels more than tripled as a percentage of revenues
Q4 revenue is projected between $74 and $77 million
seekingalpha.com/article/...Heres-Why-The-Growth-Will-Continue
scheint mir die bessere Wahl im Adtech Sektor als Criteo,die sich wenig bewegen