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Benchmark: Andrew Mason Agrees to Hold Shares After IPO Lockup Expiration
Tuesday, June 5, 2012 - 9:35am | 264According to The Benchmark Company, Groupon (NASDAQ: GRPN) is on the brink of a powerful cash flow opportunity after visiting the company's Chicago sales office. The three takeaways from the visit were as follows, "1) The IPO lock-up, which has been a major overhang on the stock, expired last...
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InterXion Reports Solid Revenue Growth; Benchmark Maintains PT
Monday, June 4, 2012 - 7:23am | 93According to a research report this morning, InterXion (NYSE: INXN) reports a 14% revenue growth for 1Q12 yet the research firm, Benchmark maintains its $20 PT and Buy rating. Benchmark explains, “We have three takeaways: 1) InterXion focuses its marketing on developing communities of interest by...
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Benchmark Maintains Buy on InfoSpace After Management Meetings
Tuesday, May 29, 2012 - 7:23am | 140The Benchmark Company has published a research report on InfoSpace (NASDAQ: INSP) after hosting meetings with company management last week. In the report, Benchmark writes, "InfoSpace recently completed the acquisition of TaxACT. We had previously assumed that the rest of 2012 and possibly...
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Benchmark Initiates Coverage on Exactech with Buy Rating, $21 PT
Friday, May 18, 2012 - 9:39am | 134In a report published earlier today, the Benchmark Company, LLC initiated coverage on Exactech, Inc. (NASDAQ: EXAC) with a Buy rating and a price target of $21.00. Benchmark went on to say “We believe that the total worldwide market for orthopedic products is in excess of $30 billion. We estimate...
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Benzinga's Top Upgrades with Color for May 10, 2012
Thursday, May 10, 2012 - 12:02pm | 683Listed below are Benzinga's Top Upgrades: Ladenburg Thalmann Upgrades Keryx Biopharmaceuticals (NASDAQ: KERX) to Buy: Ladenburg Thalmann said, "The importance of the Zerenex program has substantially increased following yesterday's announcement of the perifosine data. Zerenex's Phase III program...
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UPDATE: Benchmark Lowers PT on The Dun & Bradstreet Corp
Wednesday, May 9, 2012 - 11:37am | 93According to a research report this morning, Benchmark lowers PT from $82 to $68 on The Dun & Bradstreet Corp (NYSE: DNB) to reflect the 10x 2012E EPS. Benchmark stated, “2012 guidance calls for core-revenue growth of 0-3%, down from 3-5% and off a lower base due to divestitures. Operating...
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Benchmark Initiates Coverage on Under Armour
Wednesday, May 9, 2012 - 11:25am | 110According to a research report this morning, Benchmark initiates a Buy rating on Under Armour (NYSE: UA), including a $104 PT. Benchmark stated, “We love the Under Armour brand and believe that it has multiple growth opportunities going forward, including an expansion of its core apparel line...
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UPDATE: Benchmark Increase PT on Blue Nile, Inc. to $32
Wednesday, May 9, 2012 - 11:08am | 80According to a research report this morning, Benchmark increases its PT on Blue Nile (NASDAQ: NILE) from $28 to $32 to reiterate its in-line revenues for 1Q12. Benchmark stated, “A recovery in core engagement sales, up 3% y/y, including a reacceleration of high end growth at price points below $25...
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UPDATE: Benchmark Upgrades Fossil to Buy Rating; Lowers PT
Wednesday, May 9, 2012 - 10:38am | 108According to a research report this morning, Benchmark upgrades Fossil (NASDAQ: FOSL) from Hold to Buy rating and lowers the PT from $130 to $100 following the Skagen acquisition. Benchmark stated, “The Company lowered 2012 guidance by $0.17, or 3%, excluding Skagen, on softness in Europe and a...
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Benchmark: Results In-line for Rackspace Hosting Inc as Preparations are Made for New Product Roll-out
Tuesday, May 8, 2012 - 8:24am | 110According to a research report this morning from Benchmark, Rackspace Hosting (NYSE: RAX) reported strong trends from 1Q12 as their results match street expectations. The outlook is positive as the online hosting company prepares to launch OpenStack cloud platform. Benchmark stated, “Rackspace...
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Rackspace Earnings Preview: Takeover Candidate?
Monday, May 7, 2012 - 3:01pm | 271Rackspace (NYSE: RAX) is set to report Q1 earnings after the market closes today. Consensus analyst expectations for today's earnings release are revenues of approximately 300M and earnings per share of $0.18. Revenue of 300M would represent growth of about 30% from the same quarter last fiscal...
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UPDATE: Benchmark Company Maintains Hold Rating, Lowers PT for Warnaco Group
Friday, May 4, 2012 - 9:33am | 120In a report released earlier today, The Benchmark Company, LLC maintained its Hold rating for the Warnaco Group, Inc. (NYSE: WRC) but lowered its price target from $60.00 to $55.00. Benchmark went on to say “Warnaco reported EPS from continuing operations declined 18% to $0.90, versus $1.10 last...
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UPDATE: Benchmark Company Maintains Buy Rating, Raises PT for Liquidity Services
Friday, May 4, 2012 - 9:21am | 126In a report published earlier today, The Benchmark Company, LLC maintained its Buy rating for Liquidity Services, Ltd. (NASDAQ: LQDT) and raised its price target from $62.00 to $73.00. Benchmark went on to say “Liquidity Services, Inc. is the leading online retailer of surplus and salvage assets,...
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Benchmark Maintains Hold on Google Despite European Weakness
Monday, March 26, 2012 - 6:53am | 172The Benchmark Company has published a research report on Google (NASDAQ: GOOG) commenting on the company's European weakness during 1Q 2012. In the report, Benchmark writes, "Our 1Q12 channel checks indicate the following: North America, which is about 47% of Google's revenue, started somewhat...
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Benchmark Maintains Buy on The Pantry After New CEO Named
Wednesday, February 15, 2012 - 3:48pm | 141The Benchmark Company has published a research report on The Pantry (NASDAQ: PTRY) after the company named its new CEO, Dennis G. Hatchell. In the report, Benchmark writes, "The Pantry Named Dennis G. Hatchell as President and Chief Executive Officer, effective March 5, 2012. The hiring of Dennis...