Benchmark

Despite what seemed like a strong film slate, Imax Corp (USA) (NYSE: IMAX)’s poor second-quarter performance has led Benchmark analyst Mike Hickey to downgrade the stock from Buy to Hold. Hickey estimates revenue at $88 million vs. the Street’s $102 million and adjusted EBITDA of $22...

WebMD Health Corp. (NASDAQ: WBMD) shares spiked as much as 3.4 percent Monday on a Dealreporter article alleging IAC/InterActiveCorp (NASDAQ: IAC)’s interest in a buyout. The report suggested bids above $61 per share. However, Benchmark analyst Dan Kurnos doubts the story’s veracity....

Some investors put their financial livelihoods in the hands of analysts researching their relevant stocks. Upgrades and downgrades determine how they play their portfolios — when to sell, when to buy, when to hold. Some analysts have better foresight than others do, though, and their...

This week, IAC/InterActiveCorp (NASDAQ: IAC) agreed to a $500 million buyout of Angie’s List Inc (NASDAQ: ANGI) worth at least $8.50 per common share. However, Angie’s list shares are up another 8 percent on Wednesday to $10.27, well above the value of the potential buyout price. For...

IAC/InterActiveCorp (NASDAQ: IAC) announced Monday after close that it committed to acquiring Angie’s List Inc (NASDAQ: ANGI) for $8.50 per share — a sum $0.25 beneath the initial bid and $0.50 below Benchmark’s estimated fair value — making it a clear win for IAC....

Reviewing Amazon.com, Inc. (NASDAQ: AMZN)'s first-quarter results, Benchmark said the strong results may be indicating a return to momentum. Q1 Print Analyst Daniel Kurnos noted that the company reported better-than-expected first-quarter operating income and revenues. The analyst said he...

Reviewing eBay Inc (NASDAQ: EBAY)'s first-quarter results, Benchmark said the below-par second-quarter guidance, both on top and bottom line, was expected, with the company confirming the results would be back-end loaded in 2017. Although conceding that the timing shift introduces some incremental...

After Amazon.com, Inc. (NASDAQ: AMZN) confirmed a supply agreement with and the rights to acquire a 23 percent stake in Plug Power Inc (NASDAQ: PLUG), Benchmark analyst Dan Kurnos told Benzinga the deal is “just another tech upgrade.” But it wasn’t necessarily an expected one....

Meredith Corporation (NYSE: MDP) preannounced its fiscal third-quarter EPS more than 10 percent higher than the midpoint of its prior guidance range of $0.75–$0.80. The company’s guidance may have been raised to offset the impact of the ongoing rumors around a takeover by Time Inc (NYSE...

Priceline Group Inc (NASDAQ: PCLN) reported strong fourth-quarter 2016 results and announced healthy guidance for Q1 2017. While there would likely be “heavy investment in paid channels’ in the first half of 2017, the company could benefit from operational leverage as the year...

Online retail giant Amazon.com, Inc. (NASDAQ: AMZN) reported Thursday after the close fourth-quarter earnings of $1.54 per share, ahead of the $1.35 per share consensus estimate. This was up from $1 in the year-ago period. Revenues during the quarter that encompasses the holiday selling season...

Online content company IAC/InterActiveCorp (NASDAQ: IAC) reported strong fourth-quarter results, despite a mixed quarter from Match Group Inc (NASDAQ: MTCH), highlighting more stabilization and increasing contribution from HomeAdvisor and video. Match, HomeAdvisor And Video IAC owns an 86 percent...

Amazon.com, Inc. (NASDAQ: AMZN) reported mixed results for Q4 2016, with the revenue missing the consensus by $1 billion, while operational leverage drove profitability upside, with operating income beating the consensus expectations. Benchmark’s Dan Kurnos maintained a Buy rating on the...

eBay Inc (NASDAQ: EBAY) reported broadly in-line Q4 results and announced full-year guidance marginally ahead of expectations. eBay’s turnaround seems “firmly underway,” given the company’s increased investment and accelerating guidance, Benchmark's Daniel Kurnos...

CEVA, Inc.(NASDAQ: CEVA) would be an indirect beneficiary of the legal spat between Apple Inc. (NASDAQ: AAPL) and QUALCOMM, Inc. (NASDAQ: QCOM), according to a note from Benchmark. Qualcomm Vs. Intel: Thin Modems The Apple-Qualcomm litigation suggests souring relations between the two companies,...