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Akamai and AT&T bid for Israeli Startup Cotendo
Monday, November 28, 2011 - 12:46pm
Akamai Technologies (NASDAQ: AKAM) is reportedly in talks to buy Israeli startup Cotendo for more than $300 million. AT&T (NYSE: T), along with Juniper Networks (NASDAQ: JNPR), is also said to be eyeing Contendo. Founded in 2008, Cotendo is a competitor of Akamai, as its products also improve...
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Benchmark Says Daily Deals Space Re-Accelerating
Monday, September 26, 2011 - 12:43pmBenchmark Capital is out with a research report on the daily deals space, and says it is re-accelerating. In a note to clients, Benchmark Capital writes, "A slumping stock market, SEC hurdles, financial reporting changes, a leaked internal email and the COO's resignation may delay Groupon's IPO...
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Benchmark Has Buy on iRobot
Wednesday, September 21, 2011 - 1:07pmBenchmark Capital is out with a research report on iRobot Corporation (NASDAQ: IRBT) and it has a Buy rating and a $40 price target on shares. In a note to clients, Benchmark Capital writes, "We continue to believe iRobot has upside in 2H from improving visibility in Government and conservative...
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Benchmark Comments on Travelzoo
Tuesday, July 19, 2011 - 8:08amBenchmark has published a report on Travelzoo (NASDAQ: TZOO). In the report, Benchmark wrote, "Travelzoo (TZOO Buy, PT $124) is set to report 2Q11 results on Thursday, July 21, before the stock market opens. We estimate Travelzoo could record 44% y/y revenue growth to $40 million, including $10...
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Benchmark Maintains Hold Rating on OpenTable; Reduces EPS Estimate to $0.29 and Revenues to $35M for Q2 2011
Wednesday, July 13, 2011 - 9:29am -
Benchmark Lowering Estimates On OpenTable
Wednesday, July 13, 2011 - 7:58amBenchmark Capital is lowering earnings estimates on OpenTable (NASDAQ: OPEN), but is keeping the Hold rating and $90 price target on shares. In a note to clients, Benchmark Capital writes, "OpenTable appears to be facing more competition domestically from Urbanspoon's RezBook, Livebookings and...
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Benchmark Previews Earnings From Entropic Communications
Wednesday, July 13, 2011 - 7:53amBenchmark Capital is out with a research report on Entropic Communications, Inc. (NASDAQ: ENTR), and it has a Buy rating and a $12 price target on shares. In a note to clients, Benchmark Capital writes, "Regarding 3Q11 guidance, we expect management to guide for sequential revenue growth, perhaps...
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Benchmark Raising Estimates On The Pantry
Wednesday, July 13, 2011 - 7:50amBenchmark Capital is raising its estimates on shares of The Pantry, Inc. (NASDAQ: PTRY). It has a Buy rating and a $24.50 price target on shares. In a note to clients, Benchmark Capital writes, "We increased our EPS estimate for 3Q11 to $1.24, from $0.98, as a sharp decline in fuel prices tends...
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Benchmark Maintains Sell Rating On Oshkosh Corporation
Tuesday, July 5, 2011 - 9:28amBenchmark Capital is maintaining its Sell rating on shares of Oshkosh Corporation (NYSE: OSK), and keeping its $20 price target on shares. In a note to clients, Benchmark Capital writes, "The stock was up more than 15% on Friday on the news. According to the SEC filing, Icahn believes “the shares...
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UPDATE: Benchmark Lowering Price Target On Warnaco Group
Tuesday, July 5, 2011 - 9:20amBenchmark Capital is lowering its price target on shares of Warnaco Group, Inc. (NYSE: WRC) to $60 from $65, but it still has a Buy rating on shares. In a note to clients, Benchmark Capital writes, "We lowered our 2011 EPS estimate to $3.87, from $4.00, though we believe there could be upside...
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