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IAC/InterActiveCorp: 'A Successful Past With A Brighter Future'
Friday, February 3, 2017 - 1:03pm | 419Read More...Online content company IAC/InterActiveCorp (NASDAQ: IAC) reported strong fourth-quarter results, despite a mixed quarter from Match Group Inc (NASDAQ: MTCH), highlighting more stabilization and increasing contribution from HomeAdvisor and video. Match, HomeAdvisor And Video IAC owns an 86 percent...
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EBay Investors Shouldn't Be Too Dismayed By 2017 Guidance
Thursday, January 26, 2017 - 8:51am | 259Read More...eBay Inc (NASDAQ: EBAY) reported broadly in-line Q4 results and announced full-year guidance marginally ahead of expectations. eBay’s turnaround seems “firmly underway,” given the company’s increased investment and accelerating guidance, Benchmark's Daniel Kurnos...
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NBC, Political Fears And Digital Doubts Create A Buying Opportunity For Tegna
Friday, August 19, 2016 - 10:17am | 511Read More...Benchmark has started coverage of Tegna Inc (NYSE: TGNA) with a Buy rating and $26 target price, saying that NBC, political fears and digital doubts create buying opportunity in shares. Tegna Media is the largest independent station group of major network affiliates in the top 25 markets,...
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Global Terror Headwinds Make Expedia 'Incrementally More Cautious' On International Growth Outlook
Friday, July 29, 2016 - 11:40am | 487Read More...Benchmark reiterated its Buy rating and $135 target price on Expedia Inc (NASDAQ: EXPE) shares despite mixed second-quarter results from the company, which is the largest online travel agent based on gross bookings. The Booking Factor The company's adjusted EPS of $0.83 beat Street estimate of $0....
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Benchmark's Kurnos Sees eBay's StubHub As Undervalued, Probable Sale Forthcoming
Tuesday, June 21, 2016 - 9:44am | 288Read More...Benchmark's Daniel Kurnos reiterated eBay Inc (NASDAQ: EBAY) at Buy, with a price target of $29.00. The reiteration largely surrounds ticket selling StubHub's undervaluation, according to the analyst. "Given eBay's over-weighted revenue and profit contribution from the Marketplace segment, we think...
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Kurnos: Amazon Competition Could Decelerate Netflix Margin Growth, But Subscribers Not At Risk
Monday, April 18, 2016 - 12:05pm | 246Read More...Daniel Kurnos is an analyst at Benchmark that covers the Internet, Media & Communications space. He discussed Amazon.com, Inc. (NASDAQ: AMZN)'s newly introduced monthly pricing for its Prime membership and how it will affect the competitive landscape within the online video streaming...
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M&A Rumor Mill: Does Priceline Acquiring Yelp Make Sense?
Tuesday, January 26, 2016 - 4:09pm | 340Read More...As earnings season begins, the market has seen a recent uptick in M&A chatter. Among the names being mentioned for a takeover include local business review site Yelp Inc (NYSE: YELP). To help break down the validity of the rumor, Benzinga reached out to Benchmark Equity analyst Daniel Kurnos...
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EXCLUSIVE: Benchmark's Daniel Kurnos Thinks Angie's List Has Been A 'Broken' Stock, Would Be Better Served As Part Of IAC
Thursday, November 12, 2015 - 12:35pm | 590Read More...Shares of Angie's List Inc (NASDAQ: ANGI) spiked higher by nearly 15 percent Thursday after the company confirmed it has received an acquisition offer from IAC/InterActiveCorp (NASDAQ: IACI) for $8.75 per share. Speaking to Benzinga, Benchmark's Daniel Kurnos said that Angie's...
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Benchmark's Kurnos Sees 'Downside Mostly Priced' Into eBay
Tuesday, October 20, 2015 - 1:52pm | 360Read More...eBay Inc (NASDAQ: EBAY) shares are down 14 percent in the last three months, and are trading close to the low end of their 52-week range of $23.23 - $66.73. Benchmark's Daniel Kurnos maintained a Buy rating on the company, while reducing the price target to $28. Street expectations...
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2 Companies Benefiting From Windows 10 (Hint: Not Microsoft)
Thursday, August 20, 2015 - 10:22am | 287Read More...Daniel Kurnos of Benchmark said that adoption of Microsoft Corporation (NASDAQ: MSFT)'s Windows 10 has been "fairly rapid despite some initial glitches," with more than 53 million installs. While the adoption rate is good for Microsoft, Kurnos said it was also a positive for Perion...
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Benchmark's Kurnos: It Wouldn't Shock Me If Amazon Bought Jet.com
Tuesday, July 21, 2015 - 1:25pm | 341Read More...On Tuesday, Marc Lore, founder and former CEO of Quidsi (owner of famed website Diapers.com) launched his new e-commerce website Jet.com, which guarantees its subscribers will access the lowest prices across roughly 10 million items. In a recent note, Benchmark analyst Daniel Kurnos looks into...
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Benchmark's Daniel Kurnos: IAC Spinoff Of Match.com Unlocks Additional Value
Thursday, June 25, 2015 - 12:15pm | 301Read More...Speaking to Benzinga, Benchmark's Daniel Kurnos said that IAC/InterActiveCorp's (NASDAQ: IACI) decision to spin off the Match Group will help IAC "at least partially raise proceeds for investment in both core Match and Tinder." Kurnos added, "I also think you have to view...
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What 3 Analysts Think Of Priceline Now
Friday, May 8, 2015 - 2:25pm | 606Read More...Shares of Priceline Group Inc (NASDAQ: PCLN) were trading slightly lower Friday, continuing Thursday's decline after the company posted an upbeat first quarter results, but issued a weak second quarter outlook. Here are what three of Wall Street's top analysts have to say. RBC:...
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What The Street Thinks Of Amazon Ahead Of Earnings
Thursday, April 23, 2015 - 11:52am | 903Read More...Amazon.com, Inc. (NASDAQ: AMZN) will report Q1 2015 earnings results after the markets close Thursday. Several Wall Street firms gave their opinion ahead of the announcement. Wedbush: Neutral, $395 price target Michael Pachter and Nick Mckay wrote: "Amazon is a dominant online retailer...
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All Eyes On Cloud 'Breakout' For Amazon, Analyst States
Thursday, April 23, 2015 - 9:16am | 296Read More...In a report published Thursday, Benchmark analyst Daniel Kurnos previewed Amazon.com, Inc. (NASDAQ: AMZN)'s first quarter results, noting that the first quarter is the least meaningful quarter of the year, but the primary focus is bound to be on the first-ever "breakout" of AWS. Kurnos noted that...
