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ValueClick Shares Headed Back to $10

Submitted by Frank Lara Jr on Wed, 10/28/2009 - 16:10.
in
ValueClick Inc. (NASDAQ:VCLK)

ValueClick Inc. (NASDAQ:VCLK) shares finished down 19% today and are approaching the $10 mark after-hours following a disappointing Q4 guidance.

ValueClick posted revenue of $130.2 million and EPS adjusted for a tax item of 15 cents a share, ahead of the Street at $129.2 million and 14 cents.  VCLK now expects Q4 revenue of $128 million to $138 million and GAAP EPS of 15-16 cents a share, below the Street at $142 million and 17 cents.

CUE THE DOWNGRADES
The analysts covering ValueClick were not impressed by the company's guidance --  Needham, ThinkEquity and Merriman Curhan Ford, who cited concerns about weakness in the company’s comparison pricing segment all submitted downgrades following the news.

Buyers beware, ValueClick has become a falling knife for the time being, shares can go lower.

28-Oct-09 Downgrade Needham Buy → Hold
28-Oct-09 Downgrade Merriman Buy → Neutral

valueclick

Disclaimer: No positions in VCLK.

 

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