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| ValueClick Inc |
ValueClick Inc ( NASDAQ: VCLK ) quarterly performance improved and issues guidance above analyst's expectations as stock bounced 19 % to $19.30 in the morning trade. The stock look a value buy for investors and move is quite stronger with higher volumes. Stock might be a good investment opportunity as per our recommendations.
Highlights from the first quarter of 2011 results include:
Revenue of $116.5 million, up 22 percent from the first quarter of 2010 (Q1 2010)
Adjusted-EBITDA of $35.1 million, up 27 percent from Q1 2010
Adjusted-EBITDA margin of 30.1 percent versus 28.7 percent in Q1 2010
GAAP net income from continuing operations of $0.21 per diluted share, up 50 percent from Q1 2010.
Guidance for Q2:
ValueClick, Inc. announced that for the second quarter of 2011, it expects Revenue to be in the range of $120-$122 million, adjusted-EBITDA to be in the range of $34-$35 million, GAAP diluted net income per common share to be in the range of $0.19-$0.20 and Non-GAAP diluted net income per common share to be in the range of $0.25-$0.26. Second quarter 2011 non-GAAP and GAAP diluted net income per common share guidance assume stock-based compensation of $2.7 million, amortization of intangible assets of $6.0 million, interest and other income of $1.0 million, a 38% effective tax rate, and 80.0 million diluted shares outstanding. According to Reuters estimates analysts are expecting the Company to report revenue of $116 million and EPS of $0.19 for the second quarter of 2011.
Company also has acquired GreyStripe Inc, for 70 million cash on April 25th 2011.
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