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P

Pandora

$9.00

-0.4728 (-4.99%)

16:06
07/31/17
07/31
16:06
07/31/17
16:06

Pandora reports Q2 adjusted EPS (21c), consensus (24c)

Reports Q2 revenue $343.02M, consensus $368.87M. Ad RPM grew to $66.15 in Q2 2017 from $53.34 in Q2 2016, growing 24% year-over-year. Reports Q2 ad revenue $278.2M. Reports Q2 subscription revenue $68.9M. "We have taken a number of steps to hone the company's strategy and position Pandora to continue to build audience and extend monetization through a combination of advertising and subscription revenue streams. In addition to exceeding our revenue expectations this quarter, we also announced several important strategic moves including a $480 million investment from Sirius XM, the sale of Ticketfly, and changes to our board and management team," said Naveen Chopra, CFO and interim CEO of Pandora. "We remain laser-focused on execution that attracts listeners and investments that drive the growth and monetization of our audience."

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P Pandora
$9.00

-0.4728 (-4.99%)

07/24/17
RHCO
07/24/17
NO CHANGE
RHCO
Pandora to focus on 'core radio moentization,' says SunTrust
After meeting with Pandora's interim CEO, SunTrust analyst Matthew Thornton says that the company plans to focus on further moentizing its core i.e. free radio offering. The analyst says that the company plans to increase the size of its sales force, a move that he believes could raise its "revenue/EBITDA" by $150M. Thornton adds that the company intends to expand to overseas markets over the longer term. He keeps a $10.50 price target and a Buy rating on the shares.
07/05/17
07/05/17
INITIATION

On The Fly: Top analyst initiations
Catch up on today's top analyst initiations with this list compiled by The Fly: 1. Pandora (P) resumed with an Overweight at Morgan Stanley. 2. Two Harbors (TWO) reinstated with an Outperform at Credit Suisse. 3. Alcentra Capital (ABDC) initiated with a Buy at DA Davidson. 4. Alon USA Partners (ALDW) reinstated with an Equal Weight at Barclays. 5. Delek US (DK) and Delek Logistics (DKL) were reinstated with an Equal Weight at Barclays. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
07/05/17
MSCO
07/05/17
INITIATION
Target $12
MSCO
Overweight
Pandora resumed with an Overweight at Morgan Stanley
Morgan Stanley analyst Benjamin Swinburne resumed coverage on Pandora with an Overweight and a $12 price target. The analyst said the Sirius/Liberty investment improves the balance sheet but the core radio business supports a $12 price target.
06/26/17
06/26/17
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Coach (COH) upgraded to Buy from Neutral by Buckingham analyst Scott Krasik, who sees further upside based on expectations core margins can expand, Kate Spade accretion will exceed expectations, and thinks the company will make further additive acquisitions over the next few years. 2. Costco (COST) upgraded to Outperform from Market Perform by Raymond James analyst Budd Bugatch, who noted that the shares have pulled back approximately 13% since June 15 in reaction to Amazon's (AMZN) purchase of Whole Foods (WFM), which he views as providing a buying opportunity. 3. Pandora (P) upgraded to Sector Weight from Underweight at Pacific Crest by analyst Andy Hargreaves, who said the SiriusXM-appointed board members are likely to push for a moderated cash burn rate. The analyst believes lower cash burn, even at the expense of subscriber growth, would be a positive for Pandora. 4. UBS (UBS) upgraded to Overweight from Neutral by JPMorgan analyst Kian Abouhossein, who views the current valuation as attractive. 5. Goldman analyst Michael Lapides upgraded Duke Energy (DUK) to Buy and raised its price target to $85 from $82 saying relative valuation is compelling. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

GMRE

Global Medical REIT

$8.98

-0.16 (-1.75%)

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TPX

Tempur Sealy

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Medtronic

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Coty

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ENR

Energizer

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-0.09 (-0.22%)

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HOMB

Home Bancshares

$23.51

0.11 (0.47%)

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Stonegate Bank

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0.34 (0.73%)

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ADP

ADP

$102.89

-1.52 (-1.46%)

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ADP CEO: Ackman refused to meet because he needed 'leverage,' CNBC says »

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TWX

Time Warner

$102.11

0.92 (0.91%)

, SNAP

Snap

$13.58

-0.43 (-3.07%)

18:18
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CNN begins streaming daily news show on Snapchat, Reuters reports »

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TWX

Time Warner

$102.11

0.92 (0.91%)

SNAP

Snap

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KKR

KKR

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BZUN

Baozun

$34.60

0.62 (1.82%)

18:05
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Baozun reports Q2 Total Gross Merchandise Volume RMB3.604B »

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BZUN

Baozun

$34.60

0.62 (1.82%)

18:03
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Earnings
Baozun sees Q3 revenue RMB870M-RMB910M »

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BZUN

Baozun

$34.60

0.62 (1.82%)

18:02
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BZUN

Baozun

$34.60

0.62 (1.82%)

18:01
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18:01
Earnings
Baozun reports Q2 EPS 8c, consensus 10c »

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KKR

KKR

18:00
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KKR near 'clinching' $3B commitment from NYC pension system, Bloomberg says »

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ESV

Ensco

$4.19

-0.09 (-2.10%)

, NBL

Noble Energy

$23.54

-0.11 (-0.47%)

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NBL

Noble Energy

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GDOT

Green Dot

$46.58

0.31 (0.67%)

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RT

Ruby Tuesday

$1.84

-0.06 (-3.16%)

, RIG

Transocean

$7.32

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NDSN

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$125.12

0.99 (0.80%)

FN

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TEDU

Tarena

$18.61

0.59 (3.27%)

ZAYO

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PINC

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RIG

Transocean

$7.32

-0.16 (-2.14%)

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Transocean director acquires 2,000 registered shares »

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  • 29

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RDN

Radian Group

$16.46

-0.26 (-1.56%)

17:38
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Radian Group CEO Thornberry buys 15,000 shares »

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RT

Ruby Tuesday

$1.84

-0.06 (-3.16%)

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SRNE

Sorrento Therapeutics

$1.70

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  • 28

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GPN

Global Payments

$94.57

0.81 (0.86%)

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Global Payments Chairman William Jacobs sells 8,428 shares of company stock »

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NOC

Northrop Grumman

$267.70

0.09 (0.03%)

17:19
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Northrop Grumman awarded $328.6M government contract »

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  • 23

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BA

Boeing

$235.68

-0.09 (-0.04%)

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Boeing awarded $349.2M government contract »

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LMT

Lockheed Martin

$301.88

2.68 (0.90%)

17:17
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Lockheed Martin awarded $427M government contract »

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  • 23

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PBFX

PBF Logistics

$20.80

-0.05 (-0.24%)

17:11
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Breaking Hot Stocks news story on PBF Logistics »

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